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Buildings are demolished in Manhattan on a regular basis, granted not that often. There are real sales of empty plots. Also if you know a building would cost

Buildings are demolished in Manhattan on a regular basis, granted not that often. There are real sales of empty plots. Also if you know a building would cost $X to replace, but the plot with it sells for $X+$Y, you have some real information, not just guesses!

bradleyjg 5y ago
How much would it cost to replace the Empire State Building?
- DarylZero 5y ago
  I don't know. I do know that 99 Church Street sold for $170 million, and was demolished, so that that figure is the land price (before adding back the cost of demolition).