Air rights analysis?

Question

My parents own a 3 story building in Bushwick Brooklyn. Some guy is trying to buy the air rights to their building and has offered $50K, $100K, and now $250K. My parents are now very interested in possibly selling their air rights, but are concerned about price because they don't want to get low balled knowing that this guy's offer went from $50K to $250K, they think the air rights might even be worth double. In order for them to feel confident in negotiating they wanted to consult a professional who can give conduct a detailed analysis for the air rights market value on their building, future projections, opportunity cost, etc. Could someone please point me in the right direction? Is there a specific type of Real Estate professional I should be contacting? How much do you think it's worth for this type of analysis report? Could I possibly get this info for free online? Any other recommendations or advice about selling or not selling air rights? I know very little about real estate so I appreciate your patience and professional advice. Thanks!

Anthony Perez · Answer

Hello,

I purchase property in Brooklyn all the time. There are many factors to this transaction. Where in Bushwick is the building located? North or South? Is your property near the L train. Also depends on how much the developer bought the other lot or property for. PM me I can show you all of this and I can help you get the max amount of dollars for your air rights. You don't need to hire architects or anything. Its all available online.