START WITH YOUR SITUATION
What brings you here?
Development-site opportunities don’t always look the same. Find the situation that sounds most like yours.
The right analysis can change the entire outcome.
Three examples of how deeper zoning, positioning and buyer strategy changed what happened next.
63-68 Austin Street / 9132-9148 63rd Drive
Looking beyond the initial valuation
A family-owned former diner had received valuations of $4.5 million based on its existing development capacity.
My team identified potential for rezoning, positioned the opportunity around that analysis, and ran a competitive marketing process.
36 offers in 45 days. Closed for $6.55 million in an all-cash transaction.
640 86th Street
Finding the buyer who could handle the risk
A former gas station carried environmental concerns. An earlier contingent contract had tied up the family’s property.
My team targeted qualified developers and negotiated an as-is sale with non-contingent terms, including release of the contract deposit to address the family’s needs.
15 offers in 30 days. Closed for $5.65 million in an all-cash transaction.
23-14 31st Street
Pricing the project that could actually be built
A narrow, split-zoned site had been on the market for more than two years. Parking requirements complicated a simple price-per-buildable-foot valuation.
My team prepared a multi-option zoning study and a due diligence package to help buyers evaluate the site’s practical development potential.
14 qualified offers. Closed for $1.875 million in an all-cash transaction.
OUR PROCESS
Clarity Before Commitment.
Five questions. One clear decision. We establish the facts, understand your priorities and test the options before you commit.
01
We establish what you own, what can legally be built, what exists today and what is changing around the property. Then we test the assumptions behind the decision.
02
Liquidity, long-term income, a clean exit, less responsibility or a share of the upside: the right strategy starts with what matters to you.
03
The Sitestimate® compares the paths that deserve consideration: hold, reposition, sell, develop, ground lease or bring in a partner.
04
Every path has a downside. We test the risks of selling too soon, holding too long, overpricing or taking on development and execution risk.
05
A sale can lead to reinvestment, tax or estate-planning decisions. Development brings capital and execution needs. A partnership raises questions about control and economics.
PROPERTY INTELLIGENCE BEFORE PRICE
Don’t leave any money on the table.
The Sitestimate® helps you understand what your property is actually worth. Our zoning-focused team of experts and architects looks beyond the existing building to evaluate the land, development potential and economics behind its value.
Zoning, viable building scenarios, comparable sales and buyer strategy all serve one goal: a clearer understanding of your property’s value. From there, we can talk through the right path to sell, develop or hold.
ERNEST HILL / DEVELOPMENT SITE ADVISOR
PROPERTY & OPPORTUNITY REVIEW
What the analysis will cover:
Current zoning and buildable area
Existing buildings and site constraints
Comparable development-site sales
Viable development scenarios
Potential uses and buyer fit
Feasibility and projected economics
Risks and assumptions to verify
SCOPE OVERVIEW · PROJECTIONS DEPEND ON ASSUMPTIONS, NOT GUARANTEES
OUR SERVICES
When the strategy is clear, we can help execute it.
Through the Development Site Advisors platform, we bring the right capability to the property and the decision.
Development Site Brokerage
Owner Representation
Debt & Equity Advisory
Affordable Housing Development
Development Advisory
The service follows the strategy. Not the other way around.
ERNEST HILL IS REAL ESTATE
15+ YEARS IN NYC REAL ESTATE
I’ve spent more than 15 years in NYC real estate, helping owners think through decisions where zoning, timing and a single assumption can materially change value.
I’ve also learned personally how costly it can be to act before you have the full picture. That experience shapes how I approach this work.
My job isn’t simply to get you to a transaction.
It’s to help you understand what is true, which options are realistic, and what each path asks of you. When the strategy is clear, my team can help you sell or develop the site.
Licensed R.E. Associate Broker · Powered by Development Site Advisors
Ground Up BK Newsletter
Know what’s changing before everyone else does.
Ground Up BK covers the zoning changes, development activity, land deals, infrastructure, policy and neighborhood shifts shaping Brooklyn’s next chapter.
Written for property owners, developers and real estate professionals who want to understand what’s moving — and why it matters.
A CONVERSATION. NOT A COMMITMENT.
What’s on your mind?
We’ll start with your property, your goals and the decision ahead. Our team will help identify the information needed and discuss whether a sale or development strategy is the right next step.
ERNEST HILL IS REAL ESTATE
15+ Years in NYC Real Estate · Licensed R.E. Associate Broker · Powered by Development Site Advisors