Development cost NYC (Brooklyn)

[Cristiano Bell]

Hi everyone,

My company has only done internal renovations so far. We are thinking about expanding into development. We have been offered some plots in Brooklyn and we are unsure what would be the cost to develop them.

The one we are most interested in has a house on it. We would need to demolish it, and there is approval for 7 stories, 12 apartments. The total area would be 9000 sqft. What would be the cost to demolish and build? 

We are also interested in the Harlem area, I assume the cost per sqft would be similar?

Thank you,

Cristiano (www.integerinvestments.com)