Does anyone have experience with gut renovations in NYC?

[Scott K.]

I came across a 2-family property in East new York in need of a full gut renovation. It's in pretty rough shape.

The agent mentioned construction costs for a full reno would be in the $100k-$130k range. Does this seem in the right ballpark?

I'm looking to get smarter on the topic (I'm in middle of J Scott's rehab costs book) and intend to get 3 formal estimates.

But I was curious to know - for folks that have been through full gut renovations, what did these cost in total?