Total gut 3-family
Started by ez3nchal_1971338
over 8 years ago
Posts: 0
Member since: May 2016
Discussion about
Is 150k a realistic amount for a total gut on a 3-family 2800 sq. ft. home in Brooklyn, NY
No.
It's not even close. The cheapest you could expect it to be is 1.2 mil. Maybe you meant to say is 150k realistic for a architect?
What if it is a 3 family house in sheepshead bay and gut Reno is just mostly new every thing but budget: stock floors $4 per sq ft, basic stainless steel appliances, basic tiles in bathroom etc? I had gotten an estimate from a Staten Island based architect for his services of 20k. Functional every thing with not much design or fine details.
If you're renovating as a primary residence (rather than as an investment property), you can assume $100/ft2. If you discover no major issues through the renovation process, $280k ought to be a reasonable estimate.
If its a gut renovation you could expect to spend at least $300 sq ft. Thats with all new plumbing and electric.
3 family home means at least 3 bathrooms and 3 kitchens. I know builders in Queens who are doing from the ground up 2 family's fin the $400K-$600k range for lower end finishes, but $150K is barely going to get new kitchens and baths these days.