Hyper Local News Pages

Saturday, November 6, 2004

11/06/04 - Havenmeyer Building Costs

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.

Full Story Greenwich Time

==============================================
Please send your comments to GreenwichRoundup@gmail.com

No comments:

Post a Comment

Useful criticism, helpful links and corrections and general comments are always welcome at Greenwich Roundup. Generally only spam ads and posts with very foul language get censored.

Contact me directly at GreenwichRoundup@gmail.com if you have a suggestion or comment you don't want publicized (but tell me so in your email).

I look forward to publishing your opinions.

COMMENTING RULES: We encourage an open exchange of ideas in the Greenwich community, but we ask you to follow our guidelines. Basically, be civil, smart, on-topic and free from profanity. Don't say anything you wouldn't want your mother to read!