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Sandy-damaged prison to be sold in NYC hotspot

…In such a hot neighborhood, potential buyers would swarm if they knew the building could be torn down and replaced with more high-end residential development, said Jonathan Miller, president of real estate appraiser Miller Samuel Inc….

…Miller said it’s too soon to estimate the value of the Bayview site, but he cited the recent sale of a nearby lot that once had a gas station for a reported $23.5 million….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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