How many units can be built in the proposal on the tri?"
>From Dan re C8 "$33 million build 224 units" equals $147K/unit; I have
no idea the amount of land, but think it secondary to zoning, which
apparently allows 134 units, hence my value of $75K/unit.
That said, show me a site anywhere in Monmouth County 2 blocks from
the ocean the equal of the triangle, fronting on the Atlantic and Deal
Lake; there isn't one.
As for how many units to build; that depends on who sells, if it's The
Fish flipping a buy at $175 or $490K, you likely have trouble
squeezing in units and required parking . If it's the city realizing
$10million, you negotiate a larger building envelope.
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