Cost of rehab for old brownstone
Hi All,
I'm looking at a 140 years old property, 4 unit, 4800 sqft. And I'm wondering what should I estimate as a rehab costs if I needed to do everything - electrical, heating system, drywall, resurfacing floors ... ect. If you would be so kind and list out the biggest tickets individually that would be great! Thanks in advance!
Most Popular Reply
Sebastian, I recently bought a 2fam on Washington Ave in Albany in September. Needed a total gut, but it's small with only two 800 sq ft apartments. Down to studs and back up again, my budget is around 60k.
With that being said I've done what I could on my own, and I know some people who have cut some costs from my job as a Realtor and managing several properties for some other investors.
Seems like your project is quite a bit larger and therefore quite a bit more expensive!