Expense Assumptions for Ground Up Multi in NYC

Hey Guys, 


Looking to see if anyone has some rough expense estimates for a multi development in NYC.


For example, in Los Angeles were looking at:

  • Insurance - $750/Unit
  • Utilities - $2,000/Unit
  • R&M - $1,000/Unit
  • ...etc

I know its a long shot, but wanted to see. 

 

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