Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
7y
How do you know the accurate costs associated with a build this size? Is it even the right time in the cycle to build such a property where the lot sits? What are absorption levels for inventory in the immediate area?
Have you ever watched Million Dollar Listing New York? Fredrick Ecklund and Ryan Serhant sell off lot's of these development deals when they are being finished. They know lot's of developers big and small. You might want to see what you find out for thoughts on stabilized resale values etc.