Analyzing Luxury Units

[Edward C.]

Looking at working a deal to convert a commercial manufacturing building in to a 25 unit Luxury Apartment complex.

To just get started on the numbers would anyone have an idea of sq ft cost to make this happen for 1,000 to 2,000 sq ft apartments in the New England area that would rent for $3,000 to $5,000 a month?

It’s currently an open floor plane on all floors and would have to start building the units from scratch. Building construction is concrete exterior.

Thank you for any helpful suggestions.