§ 14-09 Apportionment of Value in Multi-Use Property.
RCNY § 14-09
(a)In the event that the value of a multi-use property must be apportioned to determine the value attributable to a particular use for any purpose under these rules, including, but not limited to, determining the minimum required expenditure, the assessed value will be apportioned using the same method used by the Department to value property for tax and assessment.
(b)Methods that may be considered.
(1)the land area of each portion; (2) the market value of the buildings situated on each portion; (3) the location of each portion on the lot; (4) the topography of the lot; (5) zoning and other land use restrictions applicable to the lot or portion thereof; (6) analyses of income factors relating to each portion; (7) analyses of cost factors; and (8) other relevant factors.
