We carried out full gut renovations across one major client’s distressed Brooklyn brownstone and walk-up properties, generally four to eight units. We rebuilt interiors and replaced building systems as part of the owner’s value-add repositioning program.
The owner acquired these distressed properties for value-add repositioning.
We stripped out the old interiors, then rebuilt the living spaces with new plumbing, electrical, and mechanical systems and finishes.
The figures describe historical construction results from one client’s Brooklyn renovation program.
In this client’s comparison of projects under 5,000 square feet
In this client’s broader program, by an average of three months
The client compared construction costs on similar renovations completed by Bau and other contractors in its program.
Construction cost per square foot
Construction cost per square foot
We compared actual completion times for ten properties in the client’s program with their underwritten schedules. These properties are a sample of the broader program results behind the 53% early-completion figure.
Positive time savings mean a project finished ahead of its underwritten schedule. Zero means it finished on time. A negative value means it took longer.
| Property | Project size | Underwritten completion months | Actual completion months | Months saved |
|---|---|---|---|---|
| Property 1 | $910k | 9 | 4 | +5Ahead of schedule |
| Property 2 | $600k | 7 | 3.5 | +3.5Ahead of schedule |
| Property 3 | $445k | 5 | 2 | +3Ahead of schedule |
| Property 4 | $760k | 6 | 8 | -2Later than underwritten |
| Property 5 | $725k | 6 | 6 | 0On time |
| Property 6 | $680k | 6 | 4 | +2Ahead of schedule |
| Property 7 | $975k | 6 | 5 | +1Ahead of schedule |
| Property 8 | $450k | 6 | 6 | 0On time |
| Property 9 | $860k | 6 | 3.5 | +2.5Ahead of schedule |
| Property 10 | $430k | 5 | 3 | +2Ahead of schedule |
