Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 11 years ago,
Any New York City property owners can give me advice?
I'm looking to start off my real estate adventure with my first primary home. You may tell me I need to educate myself or think realistic. But this thought came of dreaming big. I sort of have a little knowledge, but I'm trying to get a little advice. My goal for my primary home because of the area I want to move in there are mostly two families for sale. These areas though have R3-2 and R4 zoning. Maybe you can school me on R3-2, but for now my primary focus is R4's. Would it be possible to build a four family with each unit on different floors not including the basement. Is there a way to get a general idea on to how much it would cost to convert a two family to a four family. And what would be the procedures to making this happen. Would making these additions bring up the home value. On a $625,000 budget what would be a good purchase price to leave room for construction costs. Finally is this a good idea. Any feedback would be appreciated.