Lincoln Park is known for pricey real estate, but one recent sale was just for the land. The land went for $9 million.
The sale apparently went through in late October but wasn’t recorded in real estate listings for nearly two weeks. The pricey lot sits on Orchard Street.
It was sold by a high-end home developer in the neighborhood. Reportedly, zoning allows for a 21,000 square foot house to go in on the property, but the developer isn’t expecting the home to be that large.
A principal with the firm estimates even a 15,000 square foot house would likely mean spending up to $15 million, or so, on construction alone. If that happens, it will likely push the total investment on the property to somewhere upwards of $20 million.
Of course, it’s
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