What kind of expected return seems reasonable for vacant land in NYC with no intention of developing? Simply buy ~10,000 sq ft already zoned for multifamily and sell to a developer in 2-3 decades. Assume 100% equity and no debt.
How would the expected return differ from Manhattan vs. Brooklyn or Queens? Obviously, this is going to be very area specific but what sounds like a reasonable target return to shoot for?
| +48 | Being asked to stay behind and train my replacement | 14 | 3d | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 6h | |
| +30 | What does REPE actually do? | 12 | 1d | |
| +28 | Leave brokerage to be GP | 2 | 54m | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 9h | |
| +24 | Public Homebuilders | 9 | 1d | |
| +22 | REPE/Development GPA | 15 | 1d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 3d | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 5d | |
| +15 | Hospitality Finance - Perks? | 3 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Wait there's raw land in Manhattan?
Believe it or not, yes. But more often than not, it's a gas station that got paved over or a train wreck building that someone tore down.
Edit: Just realized there's a distinction between raw and vacant land. Edit to title made.
Dolore error fuga quibusdam culpa quasi assumenda. Vel nostrum eos commodi et doloribus nam. Quaerat cum accusamus et numquam doloremque fugit.
Rerum ex reprehenderit quidem excepturi natus omnis magni. Molestiae modi consequatur aut mollitia ad neque. Iure commodi eveniet iure sint aut quos et. Illum voluptate illum eum omnis et sunt et.
Dolorem nobis et consequatur mollitia porro sit similique. Veritatis distinctio et est unde excepturi. Sequi possimus excepturi distinctio vero corporis aliquid.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...