Move stairs to exterior- create a 3rd unit Greenpoint

[Bobbi Casalino]

Hi. I’d be grateful for some insight on a current purchase. Im planning for 200k Hard costs on a $1.5 pp

Team/Planning/Construction

I want to avoid having to acquire permits as much as possible. I want to learn what’s possible to transform a 2 fam to a 3 fam so I’m looking for an architect or a seasoned GC who has that knowledge and the team to get the most bang for the buck. 

If I dig out the basement, I'd have a nice duplex plus the 2 other apts which could fetch $120k/yr more or less

Financing

 I was quoted 5.5% with .75 fee to cash out refi an existing property. Considering forming syndication.

  Right now my priority is to not waste time = no cashflow. I have a pretty good idea of what I want but I need to know if it’s feasible

   I’d love to hear your experiences. Thank you very much 😊