Cost to build a house in NYC

Cost To Build A House in NYC

(Last Updated On: October 30, 2019)

 

The cost to build a house in NYC will vary based on many variables, but the costs for a basic house will be between 300 and 350 per square foot and will go up to 500 per square foot or more to build a high end or luxury home.

 

Cost To Build a House in NYC

We should not need any research on this, as I assume it is obvious, but New York City Construction Costs are higher than anywhere else in the United States. The New York Building Congress put out a study on construction costs comparing NYC to the rest of the country, concluding that New York City has the highest construction costs in the country.

“New York City is still the most expensive U.S. city in which to build.”

– New York Building Congress

I am an architect in New York City and owner of NYC Architecture Firm Fontan Architecture. The following is based on my personal experience and insight of the New York City construction industry.

 

How Much Does It Cost to Build a House in NYC

The cost to build a house in NYC will vary based on many variables, but the costs for a basic house will be between 300 and 350 per square foot and will go up to 500 per square foot or more to build a high end or luxury home.

  • Less Than 300 Per Square Foot
  • 300 – 350┬áPer Square Foot
  • 350 – 500 Per Square Foot
  • Greater Than 500 Per Square Foot

 

Building a House For Less Than 300 Per Square Foot in NYC

Building a house for less than $300 per square foot in New York City is going to be very difficult. You will need to work with the cheapest contractors and architects available. Also, the materials and products for the house will all be on the lower end.

Lower priced contractors and architects may produce work of questionable quality.

 

Building a House for 300 – 350 Per Square Foot in NYC

A basic new construction house in NYC will cost about $300 – $350 per square foot. This will be a house with basic quality, often referred to as builder quality materials, and fixtures. You will not have to use the cheapest products in this house, but you also cannot use the most expensive.

You will not be able to hire the top architects and contractors at this price range. You will be looking for middle to lower priced individuals. Additionally, your finishes and fixtures will be mid to low range on the price scale.

 

Building a House for 350 – 500 Per Square Foot in NYC

Building a good quality house in NYC starts at $350 per square foot up to $500 per square foot. This price range will allow you to have some higher end quality. If you want to build a high end home, it will certainly be closer to $500 than to $350 per square foot in NYC.

At this price, you can work with high quality contractors and architects. You can have top of the line quality products in the home, but it would not quite be a true New York Luxury home. This will be a very high quality house, if you are able to exceed $400 per square foot.

 

Building a House for 500 + Per Square Foot In NYC

If you are looking to build a luxury home in NYC, you will be starting at a construction budget of $500 per square foot. Everyone has a different idea of what constitutes a luxury home, so let’s be clear, I am referring to New York Luxury. So please realize, 500 is on the low end of luxury. A luxury home can go up to 1,000 per square foot for construction or more.

At this price range, you will be working with the top contractors and architects. You will have little limit to what you can do, and the house can have all the bells and whistles with custom features.

 

Soft Costs for New Home Construction in NYC

In the construction industry, we use the term hard and soft costs to outline the construction expenses.

Hard Costs are the actual construction of a home including materials and labor. This is all the products, fixtures, materials, and contractors working on your home.

Soft Costs in construction are non material costs such as architects, engineers, survey, geotechnical, inspection agencies, filing fees etc…

When building a new home expect to spend up to 20% of the construction cost on soft costs with the largest of the soft costs being the architect and engineering team.

 

NYC New Home Costs

New home construction costs are complicated and vary based on many different issues. As an architect, I study these issues closely, but this post is meant only to give a general overview of the topic.

 


Thank you for reading our blog post on Costs to Building a New Home in NYC.

I hope this was helpful. Please leave questions and comments below. If you would like to speak with an architect, you can Contact Fontan Architecture directly.

 

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