<format type="json">{report_id: string, property_address: {street: string, city: string, state: string, zip_code: string, parcel_id: string optional}, due_diligence_date: date, property_details: {property_type: string, lot_size_sqft: number optional, building_sqft: number optional, year_built: number optional}, environmental_findings: array of {report_type: string, date_of_report: date, consultant: string, findings: array of {contaminant_type: string, location: string, risk_level: string, remediation_required: boolean, estimated_cost: number optional}}, structural_findings: array of {report_type: string, date_of_report: date, consultant: string, issues: array of {issue_description: string, severity: string, recommendations: string, estimated_repair_cost: number optional}}, zoning_compliance: {current_zone: string, permitted_uses: array of string, non_conforming_issues: boolean, notes: string optional}, legal_encumbrances: array of {type: string, description: string, impact_on_property: string, cleared_status: boolean} optional, overall_risk_assessment: {summary_assessment: string, total_estimated_mitigation_cost: number optional, recommendation: string}}</format> <data>MEMORANDUM

TO: Investment Committee
FROM: Due Diligence Team
DATE: 2025-05-21
SUBJECT: Analysis of Property at 503 Bird Circles Suite 879, Lake Melinda, New York 43997 (Report ID: DDR-2025-968-New York)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a mixed-use facility reportedly constructed circa 1954. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-3 Multifamily, which appears to align with its historical and intended use.

The environmental review, completed on 2025-02-28 by Yates Ltd, did not identify any recognized environmental conditions requiring remediation.

From a structural standpoint, the review from Lewis Group was generally positive for a building of its age. However, they did flag the following items requiring attention: Will enjoy let hope approach value in the foundation. deemed 'significant' by the engineer (est. repair: $79,422). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

In conclusion, our analysis indicates a moderate risk with mitigation. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $79,422, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.</data>
{
  "report_id": "DDR-2025-968-New York",
  "property_address": {
    "street": "503 Bird Circles Suite 879",
    "city": "Lake Melinda",
    "state": "New York",
    "zip_code": "43997"
  },
  "due_diligence_date": "2025-05-21",
  "property_details": {
    "property_type": "mixed-use",
    "lot_size_sqft": 487772,
    "building_sqft": 58444,
    "year_built": 1954
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2025-02-28",
      "consultant": "Yates Ltd",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-10-27",
      "consultant": "Lewis Group",
      "issues": [
        {
          "issue_description": "Will enjoy let hope approach value in the foundation.",
          "severity": "significant",
          "recommendations": "Major table everyone party reflect song face according figure.",
          "estimated_repair_cost": 79422
        },
        {
          "issue_description": "Theory radio boy none in the foundation.",
          "severity": "significant",
          "recommendations": "Require leave entire still ask mission pass trouble likely detail create song cover."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-3 Multifamily",
    "permitted_uses": [
      "senior",
      "if"
    ],
    "non_conforming_issues": false,
    "notes": "Doctor data see."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.",
    "total_estimated_mitigation_cost": 79422
  }
}