anyway to determine the developers cost psqft?

Started by concernedbuyer1

about 16 years ago

Posts: 59

Member since: Dec 2009

Discussion about

any ideas? I guess we'd have to find what the construction loans are..but is that even possible to find out if the developer is a private company?

Response by bullsfan

about 16 years ago

Posts: 70

Member since: Oct 2009

you can try to approximate based on mortgage amount

Ignored comment. Unhide

Response by NWT

about 16 years ago

Posts: 6643

Member since: Sep 2008

The mortgages are public, but no way to tell how much of the developer's money is going into it too.

Take the Laureate, going up at 76th and Broadway.

The initial acquisition/development/excavation loans total ~$115M, of which $111M went for the land.

Per building permits, it'll be ~246K construction ft², and ~230K zoning ft², so >$470 per ft² just for starters.

Ignored comment. Unhide

Add Your Comment