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Updated over 9 years ago,

User Stats

18
Posts
1
Votes
Michael P.
  • Investor
  • Astoria, NY
1
Votes |
18
Posts

4 unit Multifamily Gut Renovation/Expansion HVAC recommendations

Michael P.
  • Investor
  • Astoria, NY
Posted

Hi All  -

I am gut renovating a 2300 sq 2 family house into a 4 unit 4100 sq ft multi-family building.  I have the ability to start from scratch?  Assuming 3 units are about 1000 square feet and the fourth is 700 square feet, I can't decide what's the best value proposition for my investment.  The house is located in New York City.

My concerns are cold weather and dependability.  I will configure the HVAC system to provide each unit its own system in order to have the tenants pay for their own heating/cooling.  I have thought about heat pump/multi-splits, air handlers, etc.

At the end of the day, I am looking to flip this property and check the box with long term investors targeting this property.  What is the value play? 

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