Property Valuation
In New York, the 'income approach' to value is most appropriate for which type of property?
AOwner-occupied single-family homes
BIncome-producing investment properties such as apartment buildings and commercial real estate✓ Correct
CVacant land only
DProperties with no rental history
Explanation
The income approach derives value from the income a property generates and is most applicable to income-producing properties (apartment buildings, office buildings, retail centers) where investors focus on the property's earnings potential.
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