03
PRELIMINARY MARKET FEASIBILITY ANALYSIS OF BREWSTER, NY FOR A TOD
Brewster, NY
THE CHALLENGE
GOMAN + YORK was engaged to provide a preliminary study examining the market capacity and rental/sale parameters for the development of approximately 800-1000 new multi-family and/or condominium housing units in Brewster, New York.
OUR SOLUTION
GOMAN + YORK’s review of the development trends, absorption rates and the characteristics of the specific market trade areas proved instructive with regards to developing a reasonable estimate for the number of residential units which can be sold or leased.
GOMAN + YORK also conducted a review of available housing within the applicable trade area; identifying several projects which we consider to be directly competitive and which we believe are reflective of the tenant profile sought in this project.
