All Forum Posts by: Kathy Stevens

I’m following and also think Chris has a great idea. I can only speculate what a significant difference somewhere like Oregon would be to somewhere like Philadelphia. That being said, sharing data would certainly help out a lot of people in various areas. 

Another great question on the Fed/State assurance. Because I’m seeing very minimal here unless you’re in an opportunity zone. Unless I’m not finding the right resources. 

Philadelphia lifted its 10-year tax abatement starting in 2022. It now counts backwards starting at 100% abated and every year counts down by 10%. 

@Chris Blackburn...Thank you for that information. I completely understand the venting...haha. That is quite a hefty price tag per door. Can I ask, is that $240k for an A Class neighborhood? 

@Jack Swank That is an insane price. Are you talking just the building? I was estimating $140-$170 SF for the building itself. I am pretty far off on my analysis then. I was around $171k a door (All in with purchase, building, hard/soft, soil tests, etc.) And I thought that was high, and why I originally came on here asking if anyone had examples. I know it is different area to area, but wow...

Hello,

I am new to the boards and figured I would ask if anyone had some information that they could help me.

I am looking to see if anyone has an example pro forma for soft costs during the construction budget on a small new construction 9-12 unit apartment build?

Architect, Civil Engineering, MEP, Structural, Marketing, Legal, Developer Fees, Construction taxes, etc? I wanted to see what some of the going percentages are for this type of build in Philadelphia? And any income/expenses recommendations?

Thanks!