New build apartment Complexes

[John Wilson]

I Closed on my first commercial nine unit, in  a prime location in my area in June.    I later discovered through The planning commission in my area , The property I just acquired is already zoned for 37 units.    I would love to be able to maximize my investment by Building 2-3 more apartment buildings on the property, i’m just unsure of the cost of a new build versus acquiring another existing apartment building in another location.     Is there anyone out there that has  completed new build projects? Or is there anyone out there that can shed some light On The cost of new build versus existing.              Thank you in advance for whoever will give a response.