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Updated almost 7 years ago on . Most recent reply

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Reynald Benoit
  • NYC
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How to estimate a rehab

Reynald Benoit
  • NYC
Posted

How do I go about getting estimates for a total rehab a multifamily property in Harlem? See property below.

https://www.realtor.com/realestateandhomes-detail/389-Convent-Ave_New-York_NY_10031_M32891-77483?ex=NY617418641#photo0

From the description of this listing, the property is a shell. I'd need everything including multiple kitchen sinks. How would you get an estimate of the repairs?

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Ceasar Rosas
  • Real Estate Broker
  • Bronx, NY
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Ceasar Rosas
  • Real Estate Broker
  • Bronx, NY
Replied

@Reynald Benoit

The best way is to schedule a walk through with a contractor, pay for the estimate if you have to, which you might and should for the experience..... If you're not looking to do that itemize a list of the material needed, find the prices for every single thing, times is by 4(this is NYC) and add a 15% contingency.

1st option is better.

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