Re: Wow - LSC's Updated Plans for SciTech Scity
Posted by KOCTEP on 2017/3/20 21:52:56
379 Communipaw is 25 x 100 which is about 4 times smaller than .25 acres
How can the land be estimated at $20 when developers brought land one minute by car according to the google map for $35 million? That land is 7 1/2 acres.
It's not 1 minute by car. It's more like 10 minutes.
Unless they build a vehicular bridge over the Morris Canal, there is no direct route between the LSC lot and downtown.
We see this differential in lots for sale. E.g. there's a lot at 379 Communipaw, .25 acres for $200k. Another lot is at 423 Grand is .33 acres and... $4 million.
And those two lots are only a 3 minute drive apart.
Is it news to you that in real estate, location is critical?
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