Resi OPEX Costs

Would anyone happen to know what OPEX costs are for a stabilized ~200+ unit building is in the northeast? I beleive my general total opex is going to be around $12-13 Price per Gross Sf. Would anyone have a breakdown of the unit line items on either a price per door or PSF?

It would be new construction?

 

suburban or urban - big difference garden vs mid rise (esp if conditioned corridors) - big difference high RE tax area or low RE tax area ....

in my experience 'per square foot' woudl be a very unusual way to ballpark it. but maybe that's a regional thing. someone in TX would look at per door.

percent of revenue is a terrible approach because it is way too 'tied to' whether your rents are high or low. too many newbies underwriting low-rent crap and thinking it can be run cheaply, but it's going to cost what it's giong to cost to run a palce whether rents are low or high ....

 
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