Preliminary Market Feasibility Analysis of Brewster, NY for a TOD

Shared Economic Development Consulting for 8 Small Towns
October 5, 2017
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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.