Speaker estimates refurbishment costs for the apartments at $25,000 per unit, with total interior costs exceeding $1 million. The speaker also predicts the current owner would be fortunate to sell the property for $4 million.
"You're looking at 25 grand a unit to turn those damn units around. Hit over a million dollars worth of just interior putting the units together. He'd be lucky if somebody came in and wrote him a check for 4 million if he's lucky."
