[Geospatial Data] Uncovering Underutilized FAR in NYC
It's been several years since Pactriglo unveiled our Assemblage Algorithm -- a proprietary way for identifying congruent parcels already under the same ownership.
Now I am happy to share the recent application of the algorithm to real estate in the City of New York as a way to identify underutilized existing Floor-Area-Ratio under the same ownership.
Step 1
The proprietary algorithm identifies where the same owner owns two or more adjoining parcels.
Step 2
Additional analysis indicates assemblages that have the largest amount of FAR and the largest percentage of unused FAR.