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re: Commercial real estate decline -tallest buildings in ST. Louis for $3.6 million,
Posted on 4/11/24 at 9:14 pm to Brosef Stalin
Posted on 4/11/24 at 9:14 pm to Brosef Stalin
quote:.
Seems like you could make good money converting that to apartments or a hotel.
Do the math, currently the floor plate is 25,000 sf, with three women’s toilets, two men’s and a urinal, four hand wash sinks and one kitchen sink.
Now subtract 5k sf for gross, and break it up into twenty 1000 sf apartments each with two toilets, two sinks and one kitchen sink
You just went from six toilets and five sinks to forty toilets and fifty sinks, and twenty dishwashers and twenty washing machines.
Multiply that added plumbing by 44 floors. Now make the math work. You can’t
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