The bargain price came after the authority put the medallions on the market last fall, with an initial asking price of $475,000, but received no bids. In New York, taxi mogul Evgeny Friedman is locked in a court battle with Citibank, to whom he owes some $31 million after some medallion loans matured.
1 About a third of the homes will sit next to the golf course. 2  Size: half-acre to 1.5 acre lots. 3  Cost: mid-$200,000s to the low $600,000s per estate lot. 4  Development timeframe: Lot development began in January. Custom homes on large wooded estate lots. 2  About a third of the homes will sit next to the golf course. 3  Size: half-acre to 1.5 acre lots. 4  Cost: mid-$200,000s to the low $600,000s per estate lot.
The total development cost must be carried via some combination of borrowed monies and equity, and the developer must factor in an expense and vacancy factor to project the profit picture. Here is how a âback of the napkinâ pro forma may shape up for a typical 220,000 square-foot strip center in northern New Jersey.Land costs $ 42.50 per square foot. Soft costs $ 16.78 per square foot. Site work $ 15.16 per square foot.hopping center development feasibility calculations often begin âon the back of a napkinâ when a developer meets the land owner and begins to negotiate a price.