Jesus H Christ this is too vague for even the most preliminary estimate lol. Off the bat, what is the structure being demolished? How many stories? Is it concrete or steel construction or wood framed? Is the earth contaminated? Does it need soil improvements for remediation before building on it? For your new 'commercial' building. Is it retail? Office? Does it have multiple floors or all on one level? These are probably the major items needed to assume any kind of unit price. I know you are looking at super early budget unit pricing but even these basic questions give you a few line items to get a better idea of cost at this stage. Also, it helps if you can bluebeam up a sketch of a proposed site plan (you don't need an architect for this). This will help you get way better feedback on unit costing.

 

Thank you in advance.

Structure being demolished is a 1 story McDonalds in Manhattan on 8th Avenue. Steel construction with concrete. Earth not contaminated. New commercial is retail. Any idea of demolition costs, below and above grade construction costs? Given aforesaid parameters:

"Working on a proforma. Need some help/insight. What would be demolition costs for a property in NYC that is about 9,400 sf? If on same land build commercial with below grade construction on 4,737 sf what is approx. construction costs? Same case what is construction costs on above grade at 37,970 sf?

Same question as above but instead of commercial build hotel. What would be demolition costs for a property in NYC that is about 9,400 sf? If on same land build hotel with below grade construction on 4,737 sf what is approx. construction costs? Same case what is construction costs on above grade at 37,970 sf?"

 

This seems remarkably specific. If you're a developer or work for a developer, you should know or someone in your firm should be able to put together a rough back-of-the-envelope estimate for something like this. If you're an investor, you should be able to contact someone with construction estimating skills for this. Looking for the answer on an internet forum seems like a bad process if you're making a real investment decision.

If this is in fact part of a case study for an interview, use the $5.00 psf estimate above and just say that you don't know what the real cost is, but you used that number as a plug and would verify it as part of any normal due diligence process.

 
Best Response

Nihil qui voluptatem sit et cupiditate. Dolorem quod officia hic ut qui. Voluptas adipisci aut placeat est. Alias doloribus enim iusto ex eos. Neque ea quae aut quae pariatur ut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”