You are a developer and have the choice of Site 1 or Site 2 for a...
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You are a developer and have the choice of Site 1 or Site 2 for a development. Both are zoned residential. Site 1 is 10,000sf, has an FAR of 12 and allows a max of 70% coverage. The price of site 1 is $100/sf of development rights. Site 2 is 10,000sf, has an FAR of 10 and allows a max of 90% coverage. The price of land is $80/sf of development rights. Which site would you pick and why? HINT: Calculate how much you can develop on each site and then calculate the land cost. You are a developer and have the choice of Site 1 or Site 2 for a development. Both are zoned residential. Site 1 is 10,000sf, has an FAR of 12 and allows a max of 70% coverage. The price of site 1 is $100/sf of development rights. Site 2 is 10,000sf, has an FAR of 10 and allows a max of 90% coverage. The price of land is $80/sf of development rights. Which site would you pick and why? HINT: Calculate how much you can develop on each site and then calculate the land cost.
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To determine which site is more favorable for development we need to calculate the total d... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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