As an ever-building city we have to adapt to the new Real Estate Investing panoramas.

The metal shell package will only be $30/SF but by the time you add in foundation, slab, MEPs, doors/windows and framing and any sort of architectural facade I think the vertical cost will be well over $100/SF.

Our background is in architecture, so trying to learn more about the business and financing side of the game. 

Beds and occupancy are based on the space itself and the architecture of the place. 

I do architectural drafting and interior design if I can be of assistance to anyone in return.Thanks!

Difficulty working with architecture firms to draw plans, fix them, fix them again, and working to get an inspection from the DOB.

This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.

My wife and I own an Interior/Architectural Design company.

That being said, they would likely still require Architectural Plans...The biggest thing with these rear enclosed porches is determining (as based on the City's eyes) if/when they were Legally enclosed, or if they are technically supposed to have remained as an Open porch.

I can recommend a local architectural/engineering firm (previous office was on 36st in Astoria) that is very experienced, knowledgeable and professional.All the best to you & your dad on this next chapter!