Miami Development - build price

[Brendan Fucci]

What are people building for in Miami Beach for poured in place concrete build? Just rough numbers $250-280 PSF?

[Barry Ruby]

@Brendan Fucci if you are trying to determine hard cost (slab up) the most effective way to get an idea of that number is to run a residual analysis.

This is done by using local comps on new construction of homes of comparable size, price point and finish in your market area and deducting everything (including a builder profit) from the comp’s list price.

Let me know if you’d like a pro forma that performs this function and I’ll send you a spreadsheet that finds for hard cost and or finished lot value.