Multi Family Redevelopement Costs

[Oren K.]

Hi All,

There is a good sized shell structure that I ran across that was stripped some years ago. The area has changed enough that it may be worth redeveloping but I have no idea of costs so looking for any input I can get. What I do know is;

- 100+ units

- Concrete foundation and floor plates of ~ 15K sq ft

- No underground parking

- Early 60's construction

- If some piece of piping or wiring has not been stripped, it will likely have to be taken out anyway

- I assume that it is also concrete between units but was stick construction inside the units

- I assume that everything has to be done; Roof, Elevators, Drains, Vents, Heating, Main Power, Sewage line, etc, etc

I understand that there is a lot of details to figure out but anyone experienced with multi-family redevelopment care to share how to do back of the envelope costing on something this big.

Thanks,

Oren