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Servicing Putnam, Dutchess and Westchester Counties in New York. All of Western CT.
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Now you can live, work and play in the historic district of New Milford, half a block from where Adam Sandler filmed Mr. Deeds! Walk to fine dining, night clubs, coffee shops, shopping, and one of the states most beautiful greens. Best of all your new home will have no heating, cooling or electricity expense! Attention Investors! Cash flow spreadsheet maximizes equity to investors! This information is intended only for residents of Connecticut and is not a Public Offering Statement to purchase real estate. It is for informational purposes only to present an overview of the project. Dec. 04' Purchase Land Jan. 05' Wetlands approvals April 05' Initial design of building completed April 06' Railroad Street streetscape completed (new sidewalks and handrails Water and sewer hooks for property) June 06' Finalize exterior elevations June 11 06' Meet with New Milford Historic Commission June 06' First zoning meeting August Removed Trees October 10th Obtain zoning approval Value of land $400,000 Receive first round of Financing November 1 $96,000 $13,500 5% deposit to Barden $15,000 Excavate (15 of 23,500) $24,500
Foundation water proof (in full) $75,500 subtotal $7500 10% to GC
$10,000 contingency ( 10000 of 60000) Total: $96,000
December, 1 $146,400 $120,700 subtotal $12,700 GC 10% of construction cost
$10,000 Contingency (20,000)
December 15th $125,300 (or upon completion of framing) $67,500 Barden exterior (25%) $25,300 framers 2/3rd $14,800 1/3 rd deposit for Roofing, siding, gutters $82,300 subtotal $8200 10% GC $10,000 contingency (30000 of 60000)
Total: $125,300 $25,300 Framers 2/3
$5000 Excavation ($5000 of $8500 balance) $125,100 Subtotal
$12,510 10% GC Total: $151,600
January, 15 $155,400
$24,000 Plumbing 2/3 $25,000 Geothermal loops (50,000 of $175,000) $20,000 Solar $114,600 Subtotal
$11,400 10% GC Total: $136,000
$11,900 10% GC
$10,000 Contingency (60,000 of 60,000)
$17,300 10% GC
Total: 190,660 April 1 $228,000
$27,000 Barden final payment
$3500 Excavation, final grading $6000 Railings $3000 Cabinet and vanity installation $2000 counter top installation
$12,000 Interior painting
$1600 Dumpsters $112,600 subtotal $11,200 10% GC $105,000 Finance/miscellaneous
Total: $228,800
April, 15 Complete Interior May, 15 Grand Opening!
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