Property Valuation
In New York appraisal practice, a 'paired sales analysis' is used to:
AIdentify the highest and best use of a property
BMeasure the market's reaction to a specific property feature by comparing sales that differ only in that feature✓ Correct
CEstablish market rent for income properties
DDetermine the cost of reproduction
Explanation
Paired sales analysis compares two nearly identical properties that differ in only one characteristic (e.g., one has a garage, the other does not) to isolate and quantify the market's value reaction to that specific feature.
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