I am searching for some "watered down" numbers on a new construction for the near future. Quick back story; currently have an exclusive on a rx7 lot,queens, to purchase and looking to build a multistory apartment building(7+). Have contacted some architects in the area and the seller has his own plans as well. Just seeking any advice as well in that I am relatively new to this type of acquisition.
This sounds like a great opportunity. New building is a great step to take, but make sure you understand all the constraints prior to moving forward on the property. There are many hurdles to consider and its better to identify and understand them now than after you purchase the site.
The process would be to have an Architect put together a feasibility study to determine what can be built based upon the properties zoning and your desired use. From there you will have a better understanding of what is and isn't possible for the site and a better idea of how to proceed.
Feel free to reach out if you would like to discuss your project in more detail.
Best of luck,
Alex Furini, RA