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I’m considering a purchase of this two family around the Grand stop on the L line. What I would like to do is add one or two stories to the building.
The FAR as built is 0.62
and the Max FAR allowed is 2.43 so the maximum usable floor area is 6,075 sq ft (lot size is 2,500). My knowledge of construction costs is limited so I was wondering roughly if anyone knows the costs to add one or two stories to an exsisting structure and other elements that I should be concerned with. I would live in one unit and rent out the others. Can probably purchase the unit at around $700K.
- 1930′s building.
- Current SQ Footage 1,560
- Current mechanicals in good condition.

Thanks in advance for any guidance you can give.
dgreen