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E62nd Gas Dissipates, Leaving 'Developer's Dream'

[Photo via Flickr user midweekpost]

It's the second whole day after the gas explosion on East 62nd Street, and that means it's long past time for the market forces to have full access to speculation on the value of that pile of rubble. Paging Pam Liebman. Consensus prognosis? Pretty darn good: "Most experts put the value, with or without the intact four-story brownstone, at between $7 million and $9 million," according to the Post. Put up an "8,000-square-foot house" on the slightly wider than average 20-foot lot with a "reasonable facsimile of the original ... facade," and you can start listing that puppy for twice as much! Ah, don't you love New York.
· Property's Value Set to Boom [NYP]
· Tuesday AM Linkage: Townhouse Go Boom Edition [Curbed]