deepblog

Demystifying Economic Rankings in Brooklyn: Unveiling Insights from ChatDB Market Analysis Commands

Exploring Tract Rankings: Unveiling Brooklyn's Top Performers via /map Command When I executed the /map command in ChatDB to display the top ten tracts in Brooklyn, NY, their scores weren't visible. To better understand their ranking scores, I used the /rank command. Surprisingly, these tracts aren't often at the top...

Bedford-Stuyvesant in Brooklyn: A Decade of Remarkable Economic and Population Growth

The Rise of Bedford-Stuyvesant: Brooklyn's Star Performer In Brooklyn's Bedford-Stuyvesant neighborhood, we've observed the highest cumulative growth over the past decade in our measured category. Beyond the Numbers: The Visual Impact of Growth Clusters While those acquainted with the area might find this unsurprising, visualizing this cluster of tracts is...

Brooklyn's Success: Exploring LIHTC-Funded Projects and Zoning Development Trends

Analyzing NYC Boroughs: Brooklyn's Triumph in City Segmentation When broken down into individual boroughs, the various parts of NYC outperform the city as a whole. Just yesterday, Michael shared a ranking of the top 10 cities in New York State, which showed Brooklyn taking the top spot after we segmented...

Deepblocks RPO - Zoning Search for Residential Development, Miami

(transcript) Introducing the search feature for multifamily development opportunities. We click the dashboard's search engine button and enter Miami, Florida. There are eight thousand parcels on the screen. Under Uses Allowed, we select multi-family housing. We adjust the search to folder properties, allowing between 100 and 200 units, with less...

Optimizing Demographics Analysis: The Impact of Segmenting NYC Boroughs in LLM Models

Deepblocks' Data Integration Enhancement with LLM Models We're making consistent strides in enhancing our data integration with LLM models. We aim to provide dependable data visualization and market analysis discussions. However, at times, due to the sheer volume of data, the connection times out. ​​The Power of Treating Each NYC...

Urban Demographic Trends: New Rochelle to Manhattan

Initial Observations in New Rochelle In a previous post, I hypothesized a unique demographic transformation in New Rochelle that might contrast with trends in neighboring areas. Specifically, I noticed the diminishing White and Black communities and the upswing in Hispanic and Asian populations in New Rochelle, and wondered if the...

Revolutionizing Real Estate: The Rise of Automation with ChatDB

From Manual Entry to Instant Data Access: The Automation Evolution" The potential of automation in the real estate sector is often underappreciated. Previously, we had to code each study painstakingly and, before that, input them manually into GIS software. Now, with ChatDB, we can access a plethora of information instantly....

Unraveling Neighborhood Dynamics in New Rochelle: An Analysis with ChatDB

As cities evolve, it is imperative for real estate professionals, city planners, and residents to have a grasp of the changing dynamics. For New Rochelle, a comprehensive neighborhood study became a necessity, and this is where our state-of-the-art tool, ChatDB, played a pivotal role. Harnessing Data for Neighborhood Insights When...

Teaching AI to Understand Proximity: A Game Changer in Real Estate Development

Understanding and leveraging proximity can create value in unexpected ways. When we teach an AI agent to understand this concept, it opens up a whole new dimension of possibilities, especially when analyzing and comparing lists of properties. The Intelligence of Proximity Every piece of data we gather adds intelligence to...

Comparing Median Income Growth in Connecticut’s Stamford, Norwalk, and Bridgeport: A Closer Look at Proximity to New York City

When examining the economic landscapes of Connecticut’s cities, particularly Stamford, Norwalk, and Bridgeport, a curious pattern emerges in median income growth. This analysis delves into the trends, shedding light on how proximity to New York City affects these numbers. Proximity to New York City: A Key Factor It's interesting to...

Urban Density and Affordability: Balancing Opportunity in Secondary Markets

Exploring the link between high-density zoning, QCT Zones, and Opportunity Zones in selecting secondary markets. Another curious factor in choosing secondary markets, beyond their proximity to primary markets, is the correlation between the potential for high-density zoning in areas designated as QCT Zones and Opportunity Zones. Examining the precarious situation...

Employment and Crime Reduction: A Closer Look at Top Five Cities in New York State

The correlation between employment growth and crime reduction has long been a subject of interest for policymakers and urban planners. A study of the top five cities in New York, including NYC, Yonkers, Mount Vernon, and New Rochelle, has provided compelling evidence to support this connection. These cities rank in...

Strategic Selection of Secondary Markets: A Focus on Growth Opportunities

Selecting secondary markets for investment or development is a complex task, especially given the thousands of cities to evaluate. A well-considered strategy must be at the heart of the selection process. A combination of high buildable area and a relatively lower median income might present a viable formula for identifying...

Leveraging Geospatial Analysis in Real Estate: Introducing the /map Function in ChatDB

The Imperative of Location in Real Estate: Unveiling the /map Function in ChatDB Real estate, as we often hear, is all about location, location, location. Geospatial analysis is indispensable in this field, providing crucial insights into where events are happening, how they are evolving, and their potential directions of migration....

ChatDB: Streamlining Data Visualization in Real Estate Market Analysis

Introducing ChatDB: A Dual-Purpose Tool for Data Visualization and Internal Innovation ChatDB serves a dual purpose. Beyond functioning as an internal disruptor, it is a practical solution to our data visualization needs. Our designers and engineers previously invested considerable time writing code and generating graphs for marketing content. ChatDB was...

Refining Assemblage Selection: Climate Resilience and Vacancy Verification

Selecting an assemblage for development is a strategic decision. My selection landed on the assemblage least impacted by a 10-foot storm surge. Why? Simply because it eliminates worries related to Sea Level Rise and material decay from extreme salt exposure, two factors that can pose significant challenges to development. Following...

A Glimpse into Population Trends: Central Business District, Miami

Analyzing Population Fluctuations Over Time Our latest data dive looks at the population numbers across various tracts in Miami's Central Business District over the years. Using a time series plot, we can visualize and understand the shifts in population, revealing trends and patterns that could influence future development decisions. Interpreting...

Unlocking Potential in Miami: Assemblage Opportunities in the Central Business District

The Growing Role of Assemblages in Urban Real Estate Assemblages are increasingly becoming a go-to strategy when large sites are scarce, or they are overly expensive and the numbers don't add up. In densely populated urban areas, assemblages might represent the only viable option for further construction. Understanding the Logic...

Demystifying Zoning Categories in Miami: A Comparative Analysis of Unit Allowances

The exploration of Miami's zoning continues, and this time, we're examining a critical component: the total units allowed within different zoning categories. A visual representation has been created to provide an intuitive comparison between three categories: All Overlays, T6 (No Overlay), and D1-T5 (No Overlay). Understanding the Categories and their...

Decoding Miami's T6 Zoning Districts: A Comprehensive Analysis of Building Height, FAR, and Density Regulations

T6 Zoning in Miami: An Overview of Building Height and Floor Area Ratio (FAR) Parameters The highest density zones within the City of Miami are categorized under the T6 zoning districts. These districts typically comprise T6-8, T6-12, T6-24, T6-36, T6-48, T6-60, and T6-80. As these numbers escalate, the maximum allowable...

Strategic Investment in Miami's Low-Density Zones: A Development Fund Approach

The Investment Strategy: Targeting Lower 'T' Zones Were we to establish a small development fund aimed at investing in Miami, our initial focus would be on the lower 'T' zones. These zones are suitable for smaller-scale projects, facilitating an iterative approach across the portfolio. Preferred Search Parameters: Identifying Ideal Investment...

Decoding Zoning: A Comprehensive Guide to Optimizing Property Investments

Unveiling the Importance of Zoning Understanding in Acquisition and Development Understanding zoning is crucial for acquisition and development. Without knowing what you can build on a property, you only see potential cash flow and not the totality of its value and limitations. Unit Density is especially useful when comparing across...

Assessing Rental Demand in Miami: A Close Look at High Potential Tracts

In our analysis, we juxtapose the current rental units in the top ten tracts with the highest unit development potential across the City of Miami, factoring in both the demand for rental units and the median rent in these tracts. Rental Units and Development Potential in Miami's Top Ten Tracts...

<strong>Assessing Pricing Scenarios for 231 E Flagler ST: A Developer's Perspective</strong>

We analyzed the 231 E Flagler ST listing by running it through multiple pricing scenarios, taking into account construction costs and potential rents based on the developer's vision. Rents for 1,200 SF units in the area range from $2,800/mo to $11,000/mo, heavily influenced by the target market and the building's...

Evaluating the Uniqueness of a Property: The Case of 231 E Flagler ST

Utilizing the Market Scanner to Compare Property Characteristics To determine the uniqueness of a property like 231 E Flagler ST, we use the market scanner to compare properties with similar characteristics within a one-mile radius: Lot size: 14,000 SFUnits Allowed: 321 unitsBuildable Area: 330,000 SFExisting Building Area: 12,000 SF Uncovering...

Discovering a Rare Development Opportunity in Downtown Miami

Unearthing a Prime Listing in Downtown Miami We found a unique development opportunity at 231 E Flagler St in Downtown Miami, listed on Crexi and represented by Mariano Saal from TIR Prime Realty. The listing is unpriced, so we used Deepblocks to determine a potential price. Navigating Miami Zoning Overlays:...

Evaluating the Feasibility of 423 NE 27th ST: Crunching the Numbers for a Profitable Investment

Feasibility Study to determine the profitability of investing in 423 NE 27th ST, we first maximized the residential units allowed, required parking, and minimum setbacks—on the ground and above the eighth floors. We also repositioned the tower for an amenities area over the plinth. With the following conservative assumptions, our...

Comparable Properties: Assessing Value in the Edgewater Real Estate Market

Following our 423 NE 27th ST analysis, we delve into comparable properties within the Edgewater area. By examining the overlapping characteristics of these properties, we can assess whether any offer is a better deal than the $25 million asking price of the subject property. Identifying Comparable Properties We identified 13...

Tracing an Edgewater Property's Journey: A Glimpse into the Sales History and Future Potential

Listing Research This week, we look closer at an Edgewater property with a notable sales history. Located at 423 NE 27th ST, this property was assembled in 2022 by Groupe City, a French developer, for $14.8 million, which included preliminary plans by renowned architecture firm Arquitectonica. A Surprising Turn of...

Balancing Expectations: Navigating Feasibility Studies with AI Assistance in Real Estate Investments

Feasibility studies often reveal harsh realities. In this post, we'll explore a feasibility study for listing 3400 NE 2 AVE, Miami, FL. Initially, we estimate 162 units, resulting in a 31-story building. When factoring in the 243 required parking spots, the building height increases to 43 stories. The zoning regulations...

The Power of AI in Feasibility Studies: Uncovering Real Potential for Real Estate Investments

Feasibility studies are crucial in real estate investment, particularly for Value-Add and Opportunistic funds. The AI assistant provides preliminary zoning data on units allowed, parking requirements, maximum building height, and FAR, helping uncover a property's true potential. The AI-Assisted Feasibility Study in Action The AI assistant analyzes property 133 NE...

Navigating the Final Stages of Site Selection: Analyzing Properties with AI Assistance

After narrowing down the list of potential investment properties, the AI now assists the analyst in comparing the remaining properties based on price, shape, existing building area, development potential, and sea level rise risk. Comparing Price and Cash-Flow Potential Priced at $355/SF and $551/SF of land, the latter features an...

Delving Deeper: AI-Assisted Analysis of Property Development Potential in Edgewater, Miami

The AI-Assisted Analysis compared three property listings in Edgewater to make informed investment decisions based on their lot sizes and the applicable zoning rules. Lot sizes are a critical aspect, as most municipalities impose minimum requirements for development purposes. One of the properties they examined was a 2,125 SF lot,...

AI-Powered Site Selection with Deepblocks. Revolutionizing Real Estate Investment

Investors will turn to AI-powered tools for site selection and feasibility analysis as the real estate industry evolves. At Deepblocks, we're pioneering the development of an AI assistant that leverages our cutting-edge data and software to streamline these critical processes. This week, we'll delve into a hypothetical conversation between a...

Maximizing Real Estate Investment Potential with Deepblocks

Discovering the Highest and Best Use for a Property Determining the highest and best use involves running multiple scenarios. We envisioned a software that automatically identifies the most profitable development approach, and we are closer than ever. We started with a tool that allowed us to seamlessly analyse development. Exploring...

Understanding Setbacks: Shaping the Layout of Buildings on a Lot

What are Setbacks? Setbacks are the minimum required distances between a building's exterior walls and the property lines of a parcel of land. Setbacks ensure that buildings maintain a certain distance from streets, neighboring properties, and other structures, to regulate light, air, and privacy. The Purpose of Setback Regulations Setback...

Exploring Zoning Lot Coverage: A Key Factor in Land Development

What is Zoning Lot Coverage? Zoning Lot Coverage refers to the percentage of a parcel of land that can be occupied by a building's footprint, including all its projections (such as eaves, porches, or decks). This regulation is crucial for controlling the density and intensity of land use in a...

Navigating Unit Density Overlays and Future Land Use Maps for Optimal Investment Opportunities

The Impact of Unit Density Overlays on Allowed Unit Density Unit Density overlays, such as Miami's Residential Density Increase Areas (RDIA), can significantly influence the permitted units on a parcel. In RDIA areas, the base zoning allows 150 units per acre maximum. However, the RDIA overlay can increase this limit...

Leveraging Unit Density: Identifying Acquisition Opportunities

Recognizing the Value of Unit Density in Acquisition Opportunities Unit density is a valuable metric when exploring acquisition opportunities, particularly when a parcel's existing number of units equals or exceeds the allowable limit. The parcel has already reached or exceeded its maximum Unit Density in such cases. Targeting Properties with...

Unlocking Potential: Identifying Underutilized Parcels for Maximum Unit Density

The Role of Unit Density in Uncovering Development Opportunities Unit Density is a valuable tool for pinpointing underutilized parcels with room for additional units. When the existing number of units is lower than the allowable limit, it indicates the potential for further development, as the parcel has yet to reach...

Decoding Unit Density: A Comprehensive Guide to Understanding Residential Development Potential

Understanding Unit Density in Residential Developments Unit Density is a measure used to determine the number of allowable dwelling units on a specific parcel of land. This concept applies to multifamily, condominiums, single-family homes, and hotels. Methods for calculating units allowed are based on each city's preferred approach. Calculating Units...

The Power of Buildable Area: Deepblocks' Game-Changing Approach to Real Estate

Streamlining Site Selection with Deepblocks' Innovative Software Deepblocks is the only software on the market that enables users to filter properties across entire cities based on their total buildable area. Combined with the existing building area, it identifies properties with significant development capacity, streamlining site selection. The Importance of Buildable...

Mastering FAR: The Key to Efficient Site Selection and Property Development

Streamlining Site Selection with FAR-based Market Queries FAR (Floor Area Ratio) is a metric that indicates the maximum development capacity of a property by comparing its total floor area to the parcel size. Querying a market based on development capacity using FAR can expedite site selection processes by several months....

Balancing Risk in Property Development: By-Right vs. Conditional Uses

Mitigation and City Risk Profiles in Property Development Knowing which property uses are by-right versus conditional can help mitigate risk. It is risky if your project depends on human opinion, integrity, or fairness. We might consider a correlation between a city’s development risk and the ratio of by-right versus conditional...

Top Florida Cities by Growth: An Analysis of Diversity, Crime, Ownership, and More

Examining the Top Three Cities and their Performance Across Eight Key Categories After analyzing 44 Florida cities with a population over 65,000, Doral, Homestead, and Kissimmee emerged as the top cities, ranking in the top five across four out of eight growth categories. The City of Miami also performed well,...

Predicting the Timing of Downturns in the Florida Construction Industry

How Can Machine Learning Help Investors Time Their Entry into the Florida Market? Deepblocks is using machine learning to predict the timing of local downturns and bottoms in the construction industry. By using construction activity as a proxy for economic trends, predictions could be a valuable tool for investors to...

The Complexity of Zoning Data and the Potential of Advanced Technology

Understanding the Importance of Complete and Accurate Zoning Information for Real Estate Development and Property Ownership Digitization and automatic zoning calculation are becoming increasingly popular for their ability to provide accurate and consistent development insight at scale. Traditional collection and dissemination of zoning methods are often manual and prone to...

22 AI Real Estate Companies to Know

Buying a house in a competitive market is a mentally taxing venture that reportedly involves fourteen distinct emotional stages. That means real-estate agents have to show empathy and compassion when prospective buyers need a boost—in other words, can't be bots. In 2014, an AI-powered bot showed enough humanity to pass...

The lightest and most comprehensive real estate development software.

Deepblocks Developer includes a comprehensive 3D modeler, advanced financial analysis capabilities, and the ability to export data in both PDF and CSV formats. Let us delve into the key features of the Deepblocks Developer, which include a comprehensive 3D modeler, advanced financial analysis capabilities, and the ability to export data...

Introducing Deepblocks Developer, a lighter feasibility software. 

Deepblocks Developer combines all the functionalities needed to do a back-of-the-envelope calculation for development and acquisition. Excited to introduce a new product, Deepblocks Developer, a back-of-the-envelope software combining 3D modeling, financial projections, and PDF presentations. It's equivalent to having Excel, SketchUp, and PowerPoint in an integrated workflow. All for $18/mo....

Hundreds of commercial development sites with buildable areas between 50,000 and 500,000 SF in Fort Worth’s tract 1237.

With the second fastest economic growth, Fort Worth's tract has plenty of room for new development. Downtown Fort Worth has loads of development capacity. We adjusted the Deepblocks’ search for properties with less than 3,000 square feet. For this exercise, we considered these vacant. Then we searched for the allowable...

Top five tracts with the highest economic growth trends in Fort Worth, Texas.

These five tracts in Fort Worth, Texas, have the highest growth trends in median income, median rent, and employment per population. We’ve combined the trends for median income, median rent, and employment per population into a single economic index. These five tracts have the highest combined trends across all 218...

Utopia in Fort Worth’s Downtown Tract 1233.02.

This Fort Worth downtown tract has unlimited zoning capacity and industrial-residential-agricultural mixed-use. We found a utopia in Texas. There is so much potential in downtown tract 1233.02. Not only does it have unlimited buildable area in the zoning rules, but it also allows for multifamily, industrial, and urban agriculture—on the...

Top five neighborhoods for real estate investment in Fort Worth, Texas.

We’ve compared all census tracts across Fort Worth based on demographics, construction, zoning, and economic conditions. Introducing our data-driven formula to identify census tracts with the highest growth trends in any given city. It combines demographic growth, construction activity growth, zoning capacity, and economic growth. We are bullish on the...

Are economic trends and construction activity correlated?

We have discovered a direct correlation between economic trends and construction activity in the Dallas-Fort Worth MSA. The correlation between construction activity and economic trends makes sense. It makes sense because construction loans are required, and given the tight margins, interest rates can break the bottom line of a new...

Density growth index applied to Dallas-Fort Worth metropolitan area.

How to leverage data to detect investment opportunities automatically? The first step is determining which city has the best metrics. We conducted a pilot study on five cities in the Dallas-Fort Worth metropolitan area. We compared Irving, Fort Worth, Dallas, Arlington, and Garland across population density, economic growth, construction density,...

Real Estate Investment Automation: Narrowing down the best neighborhoods.

We used a data-driven approach to narrow down the best neighborhoods in Fort Worth, Texas. Fort Worth, Texas, has 218 census tracts. The data we’ve considered includes population and economic growth, construction activity, existing and potential density, and an index created from all the metrics combined. Where are Fort Worth's...

Old buildings: What is Replacement Cost?

There are good reasons to keep an older building. In this blog I will go over replacement cost and how it affects investing in existing buildings. Replacement cost is asking the questions “how much would it cost if I had to build it from scratch?”. This is important to understand...

Investing in Single-Family Homes? Find the ones zoned for duplex.

Single-family homes make up a large percentage of most of our cities' total area. For example, in the City of Miami, 46,400 of 67,921 parcels (68%) are zoned for single-family homes. In Los Angeles, 436,427 of 671,742 parcels (65%) are zoned for single-family. As urbanization increases, slowly but surely zoning...