I've been doing construction and rehab on houses long enough that I have seen the bifold closet doors go from solid wood frame and stiles and hollow core luan-type plywood panels to cardboard frames and stiles and paper overlays.

There is a big difference in quality from the older late 1800's to early 1900's wood/vinyl side buildings compared to the 1930's and earlier brick built properties.

We removed 4 walks (including load baring), installed 2 walls, added half bath, replaced all plumbing and electrical, added new eye brow porch, painted full exterior (changed color), replaced all flooring, new bathroom and kitchen layout with everything replaced (shower, cabinets/vanity, counter, appliances, etc), stocked with new furniture, added mini split, removed gas/wood fireplace and added a new electrical fireplace, and placed initial STR tenant in 2 months and 1 week.  

I don't usually get long vacancies (knock on wood) because the vacancy rate is close to 0 where my rentals are. 

So we have to replace the carpet and floor wood and cabinat board under the sink for that area, and repaint the ceiling.

In many cases, the floor between the two is a conventional wood floor- i.e. wood joists, subfloor, and floor with carpet or tile as a walking surface.

Hardwoods are beautiful if well maintained, but I have yet to meet a tenant who really cares about the maintenance aspect of wood floors.

The plan is to cut 4x8 boards by half and install them and use basic wood molding throughout the basement which is about 1000sq feet$4000 for drywall replacement, plaster of about 5-6 inches wide and moulding$2000 for paint if we want thatInsulation will be $800 extra if we want to do it - they plan to use fiberglass insulation and push them up all the way into the ceilingDoes this look reasonable, even for NYC?

We've been able to save a decent reserve for that property because (luckily) in the 8 years we have rented it out we haven't had a single gap in vacancy (knock on wood that continues).

We have wood trim in most our properties and there is a wipe on touch up or colored wood putty touch up that works amazing.