Decommissioned Oil Tank Jersey City NJ
Hi everyone,
I come to you all for guidance and advice on a property that I am currently under contract for. The property is a two family near Journal Square Jersey City NJ. During the oil sweep testing we were made aware of a 550 gallon tank in front of the property under cement. According the the city the tank has been foam filled back in 2002. The seller is not willing to remove tank and is asking to take it as is. Am I taking too much risk by taking it with the tank? What is the likely hood of it being contaminated if it has already been decommissioned? I am fine with removing the tank once we close, I am afraid of being responsible for remediation costs to remove contamination if any. Please share your thoughts.