Maybe the real estate types out there can help me with this one. So, we've all seen this two-story four-apartment place on the southside of Lefferts, right? Say I'm in the mood to make some money. Do I buy it with the current rent roll as listed? I believe a building this size is not subject to rent regulation.
Or, do I think big? It looks like it's only using 1.17 FAR out of 3.44 potential, so it appears I can build something quite a bit bigger by tearing it down. Right?
Just trying to see things the way the smart money does. This understanding will come in handing if we ever get to rezone.
