The land under chase is worth more than the building but the demo and remediation costs will prohibit remodeling for residential, I'd suspect. For that reason I don't expect it to be demolished. The current owners bought it for a pretty decent price so I think there are two likely outcomes:
1. Cut costs and operate it as a class b building. Between the decreased office demand and their low investment to recoup, this might work.
2. Capital improvements and flip. I think this is what will happen. The time is right. Do it now.
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Mr. K the monopoly man
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