| Hard Costs | Cost per Gross Sq. Ft. | Cost per Unit |
|---|---|---|
| Site Work excavation, sheeting & shoring | $12.50 | $12,500.00 |
| Core & Shell the structural skeleton |
Wood: $85.00 Concrete / steel: $115.00 Average: $95.00 |
$95,000.00 |
| Interior plaster, doors, HVAC, electrical, plumbing | $35.00 | $35,000.00 |
| Facade building exterior | $10.00 | $10,000.00 |
| Underground Parking | $35.00 | $35,000.00 |
| General Conditions setup and management of construction site | $10.00 | $10,000.00 |
| Contractor’s Fees/Misc | $7.50 | $7,500.00 |
| Soft Costs | Cost per Gross Sq. Ft. | Cost per Unit |
|---|---|---|
| Architecture & Engineering 8% of hard costs | $16.40 | $16,400 |
| Development Fee 5% of hard costs | $15.25 | $15,250.00 |
| Legal & Accounting | $10.00 | $10,000.00 |
| Permits & Expediting | $0.85 | $850.00 |
| Insurance | $1.25 | $1,250.00 |
| Sales, Marketing & Warranty 7.5% of total costs | $32.00 | $32,000.00 |
| Real Estate Taxes 1.65% of total costs | $7.00 | $7,000.00 |
| Carry Costs electricity, heating, etc. - 1.5% of total costs | $6.35 | $6,350 |
| Consultants and Misc. 1.5% of total costs | $6.35 | $6,350 |
| Loan Origination Fee ~1% of total loan | $2.75 | $2,750 |
| Interest ~6% for 24 months - assume loan is 65% of total | $31.75 | $31,750 |
| Land | Cost per Gross Sq. Ft. | Cost per Unit |
|---|---|---|
| Land | $100.00 | $100,000.00 |
| Closing Costs taxes, legal, management - 6.5% of land costs | $6.50 | $6,500.00 |
| Totals | Cost per Gross Sq. Ft. | Cost per Unit |
|---|---|---|
| Hard Costs | $205.00 | $205,000.00 |
| Soft Costs | $129.95 | $129,950.00 |
| Land Costs | $106.50 | $106,500 |
| Total Cost | $441.45 | $441,450.00 |
| Profit to Equity Investors 25% Profit margin goal | $110.00 | $110,000.00 |
| Total Price for Residential Unit | $551.45 | $551,450.00 |