In a five-page report, Andrew Ashforth, co-chief executive officer of the real estate firm The Ashforth Co., examined occupancy costs over a 10-year period and then subtracted the properties' residual value from those costs. Constructing a new building on the Havemeyer site would cost $4.4 million, while purchasing an existing 30,000-square-foot building in town would cost $5.5 million to $6.2 million, his report said. Ashforth estimated renovation costs for the Havemeyer Building at $8.9 million and calculated the cost of renting office space at $9 million over 10 years.
Please send your comments to GreenwichRoundup@gmail.com
Greenwich Restaurant Lands On Food & Wine's 'Best' List - Greenwich Daily Voice - Greenwich Daily Voice *Greenwich Restaurant Lands On Food & Wine's 'Best' List* *Greenwich Daily Voice* *GREENWICH, Conn*. -- Back 40 Kitchen , an elegant...
23 minutes ago