Adding a 4th story in Brooklyn

[Bobbi Casalino]

If so, would you share all the steps, including permits and costs involved? I may buy a 3 family (currently set up as a 2 fam with only 2 kitchens) in Greenpoint/Wmsburg. Comp Rents avg 2500 per apt, so 3 units= 7500 (90,000/yr), 4 units 10,000 (120,000/yr)

I plan to hold so paying a hefty sum upfront, it seems, would pay off - depending of course HOW hefty that cost

Every time I start thinking it through, I realize how much is unknown: time it'll take to get approval/permits for addition, cost, steps, and if i'd have to hold entire house empty during the build.

My cost for the unimproved (2 kitchens) building will be $1,450,000, which I'm hoping to buy on installments.

  If anyone has experience, I'll be grateful for your insight.  Thanks very much =)