Environmental
In NJ, a property buyer is purchasing land adjacent to a former Manufactured Gas Plant (MGP). The most important due diligence step is:
AChecking the property tax records
BOrdering a Phase I ESA and likely a Phase II investigation including soil and groundwater sampling for PAHs, VOCs, and other MGP-related contaminants✓ Correct
COnly checking FEMA flood maps
DGetting title insurance
Explanation
MGP sites are significant NJ contamination sources. Properties adjacent to former MGP sites should undergo Phase I and likely Phase II ESA sampling for PAHs (coal tar constituents), cyanide, and other MGP-related contaminants that may have migrated.
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