There is a 1 acre condemned two-story garage adjacent to the skyscraper in which I work in downtown Boston. The land it sits on is valued by the assessor at $3

There is a 1 acre condemned two-story garage adjacent to the skyscraper in which I work in downtown Boston. The land it sits on is valued by the assessor at $32 million. I would not be surprised to see an acre in say NYC or Tokyo go for 10× that figure.