Industry News

Real estate site offers map of NYC toxic sites

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

PropertyShark.com and Toxics Targeting this week posted an online map that pinpoints more than 12,000 toxic dumps, leaking tanks and pollution discharges throughout New York City'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. The map can be viewed at: http://www.propertyshark.com/maps/?map=nyc2&basemap=toxicsites. Ryan Slack, PropertyShark.com's chief executive officer, said, "Purchasers of contaminated property can be held liable for costly cleanup so they should always conduct due diligence for environmental hazards. Prospective real estate investors will find this ... 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," said Walter Hang, Toxics Targeting's president. ...