Cost to build an Elevator in a 9 Unit Building?

Question

I am currently working on securing a deal for a 9 unit condo new construction building in the boston area. The building will be 4 stories tall about 12k square and will require an elevator. The elevator will have a roughly 8x8 concrete block shaft and elevator inside. Trying to figure out a good ballpark cost for the pre-lim budget.

Does anyone have experience building an elevator of this size? What did it cost you?

Steven Clark · Answer

A 4-stop may cost you in the neighborhood of 80-100k. Beware in 4 stories and above in residential the building code requires an elevator that will accommodate a stretcher. That generally pushes you into a minimum 3500lb capacity elevator. If you go online to Otis, Schindler, or Thyssen Krupp you should be able to find the number of a local rep who can give you a solid ballpark number for your area.

Nels Frye · Answer

Hey Kevin, Do you have any idea how many elevators a six story building with 15 units would require?

Garrett Hogan · Answer

@Kevin Cioffi yes we did. Elevator ended up at ~$160k plus another $40-45k to build the CMU block elevator shaft. Went with The KONE MonoSpace 500.

Kevin Cioffi · Answer

I was wondering if you ever finished the elevator project and how you made out on final cost.  I am currently doing a 4 story renovation with apartments on upper floors and commercial on ground level, and weighing out the option of an elevator.  I have never had one installed.  Any info would be great for budgetary reasons.

Thanks

Roy N. · Answer

80 - 100K CAD .... so about 50 - 70K USD (maybe cheaper as these sorts of things are more expensive in Canada.

That has a hydraulic lift and included the construction of the shaftway.

Of course ... you can spend much more

[Note:  I originally included a rang of 60 - 80K CAD (25 - 50K USD), but going back to the quotes we had last year to bolt a 4-stop onto an existing 4-story apartment building, the range is more like 80 - 110K CAD]   The 60-80K was for a 3-stop solution at another location.]

Garrett Hogan · Answer

Thanks everyone for your input!

Mike Hurney · Answer

@Garrett Hogan Friend of mine just did one on the North Shore, 3 stories, $225,000. but he said he f'ed everything up on it. Wouldn't do it again. If he had to it would be a lot different...

Ravi P. · Answer

A few years back I know a few hotel owners that had to install elevators. There were a few numbers that were being thrown around.  If I'm not mistaken, $60-90k is what what mentioned. This was also in Chicago suburbs and commercial properties that had to have elevators retrofitted into existing properties. Not new construction. I believe they were 2 and 3 story buildings.

Cost to build an Elevator in a 9 Unit Building?

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