Development Feasibility and Development Rights Analysis for a Co-op in Manhattan

JLP+D has been contracted by a co-op to help determine options to monetize the corporation’s unused development rights. The team is testing bulk and massing scenarios and assessing options that include a variety of market price points. JLP+D, in coordination with other consultants and land use attorneys, created a market study for the property and is working to estimate the range of value of unused development rights.

JLP+D is testing the development feasibility of varied development program options based on market study findings and input regarding preferences from the client, including maximizing revenue generation, incorporating different affordable housing scenarios, and others. Development options will be informed by financial analysis—JLP+D is producing a development pro­forma model capable of analyzing different density scenarios for different options, different levels of affordability, and other options necessary to aid the client in their financial decision making.