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TDR Transfer Development Rights Calculator
TDRs preserve landmark sites while enabling density elsewhere — market for unused FAR.
Net seller proceeds
$26,350,000
Gross TDR value
$28,000,000
Total transaction cost
$1,650,000
How the math works
Gross = FAR × price. Commission = gross × broker %. Net = gross − commission − legal.
80k × $350 = $28M. − 5% × $28M − $250k = $28M − $1.65M = $26.35M net.
EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.
Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.
Learn more about our review process on the EveryCalc methodology page.
How this calculator works
What this page estimates
This TDR Transfer Development Rights Calculator is built to give a quick, browser-based estimate for tdr transfer development rights. TDRs preserve landmark sites while enabling density elsewhere — market for unused FAR. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.
Calculation approach
The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.
Example workflow
For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.
Practical checks
- Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
- Run a low, base, and high case when the inputs are estimates.
- Check the related calculators below when the next decision depends on a different assumption.
How to interpret the tdr transfer development rights result
Best use
Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.
Cross-check
Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.
Watch for
Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.
This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.
Before relying on this tdr transfer development rights estimate
Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.
Confirm source numbers
Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.
Separate cash flow from total cost
A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.
Run conservative cases
Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.
Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.
How to Use
- Enter sending site unused FAR sqft.
- Enter TDR sale price per sqft.
- Enter receiving site premium $/sqft.
- Enter broker + legal cost.
- Read TDR transaction values.
Frequently Asked Questions
TDR system?
Sending site: has unused development rights (landmark building, historic district, preservation area). Receiving site: can exceed base FAR by acquiring TDRs. Both must be in same zoning district or designated TDR transfer zone. City planners designate. NYC, SF, Chicago, DC, Miami, Portland: active TDR markets. Allows preservation + new development simultaneously.
Market prices?
NYC Hudson Yards area: $500-850/sqft peak. NYC Midtown: $300-750/sqft. SF CBD: $150-400/sqft. Chicago Loop: $50-150/sqft. Miami CBD: $80-250/sqft. Transaction timing matters: hot markets 2015-2019 vs soft 2020-2023 vs recovering 2024. Negotiated per-sqft basis. Large landmarks: $50-500M TDR sales possible.
Who sells / buys?
Sellers: small historic buildings, cemeteries, theaters, religious institutions. Buyers: luxury residential + commercial developers wanting bigger buildings. Seller value: monetize unused FAR without building. Buyer value: legal path to higher FAR. Brokers (Cushman, Eastdil, Ackman-Ziff) facilitate. Transaction complex + long: 6-24 months to close.
Regulatory trends?
NYC: most active TDR market, but value compressed with changing zoning. SF, DC: emerging TDR programs. Florida: limited TDR. Rural TDR: growing for farmland preservation (Napa, Montgomery County MD, Hawaii). Green TDR: carbon credit + development rights bundled. Evolving regulatory landscape — consult with local counsel before major transactions.
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