Internet map illustrates toxic dump sites in all five boroughs.PropertyShark.com and Toxics Targeting posted a detailed Internet map A graphic representation of some aspect of the Internet. Maps have been generated for years depicting user population, ISP coverage and other aspects of the Internet. that illustrates more than 12,000 toxic dumps, leaking tanks and pollution discharges throughout New York's five boroughs. Real estate buyers can screen individual parcels for selected toxic sites that can reduce property value, impose clean up liability, or restrict property use. View the map at: http://www.propertyshark.com/maps/?map=nyc2&basemap=toxicsites. Ryan Slack, PropertyShark.com's chief executive officer, said, "Purchasers of contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. property can be held liable for costly clean ups so they should always conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. for environmental hazards. "Prospective real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. will find this easy-to-use toxic site map invaluable." Toxics Targeting used the City's tax parcel map to locate toxic sites reported by local, state, and federal authorities. "This is the most detailed toxic site map ever made publicly available for New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ," said Walter Hang, Toxics Targeting's president. "Real estate investors can zoom in on individual parcels to see selected toxic sites," Hang noted. Toxics Targeting provides a report service that maps and profiles up to 19 toxic site categories on or around any specific address ($150.00 each). Prospective buyers can use the reports to conduct property due diligence or Phase I environmental site assessments A Phase I Environmental Site Assessment is a report prepared for a real estate holding which identifies potential or existing environmental contamination liabilities. The analysis, often called a Phase I ESA required by mortgage lenders. Toxics Targeting Reports can be ordered on PropertyShark.com's web site and are emailed for fast turn-around to meet closing deadlines. Purchasers can call 800-2-TOXICS to ask report questions. |
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