See what others paid for their projects

Co-ops

Total Project

$1,001,845

% of Total

Direct Costs & Finishes $ 652,639 65%
Architect Fees $ 84,400 8%
Third Parties (e.g. DOB) $ 11,950 1%
General Labor $ 34,475 3%
Project & Site Management $ 47,630 5%
Workers' Compensation Insurance $ 8,103 1%
Contractor Overhead $ 39,646 4%
Contractor Profit $59,469 6%
General Liability Insurance $ 19,579 2%
Owner Changes $ 43,954 4%
Professional Changes $ 0 0%
 

Total Project

$249,572

% of Total

Direct Costs & Finishes $ 154,725 46%
Architect Fees $ 10,339 3%
Third Parties (e.g. DOB) $ 4,994 2%
General Labor $ 8,942 3%
Project & Site Management $ 20,864 6%
Workers' Compensation Insurance $ 4,814 1%
Contractor Overhead $ 11,370 3%
Contractor Profit $13,329 4%
General Liability Insurance $ 3,411 1%
Owner Changes $ 24,963 8%
Professional Changes $ 0 0%
 

Condos
Townhouses

Total Project

$332,048

% of Total

Direct Costs & Finishes $ 119,788 36%
Architect Fees $ 31,921 10%
Third Parties (e.g. DOB) $ 7,741 2%
General Labor $ 3,968 1%
Project & Site Management $ 34,502 10%
Workers' Compensation Insurance $ 8,678 3%
Contractor Overhead $ 22,338 7%
Contractor Profit $19,595 6%
General Liability Insurance $ 16,547 5%
Owner Changes $ 51,059 15%
Professional Changes $ 0 0%
 
Rooftops
$150 psf NYC renovation example.png
Every Home is Unique

With over 2,000,000 unique homes in New York City, no two projects are ever the same. Here are a few variables that may affect your budget.

Hiring an Architect

If your project requires an architect expect to pay a minimum of $5,000 and up to 20% of your projects total cost. 

Walkup vs. Elevator

If you live in a walkup without an elevator, your contractor will have to budget for having material and waste carried up and down flights of stairs.

Staying or going

If you are planning on living in your home during your renovation, your contractor will have to budget for working around you. 

 

Building rules

If your co-op or condo building restricts working hours, access or requires additional protections, your contractor will have to budget for these.

Concrete vs. Sheetrock

If your walls are solid concrete rather than sheetrock, gut renovations and electrical work may be more expensive. 

Moving systems

Expect to pay extra if you have to replace your plumbing, move your waste or supply lines or reposition your electric panel.