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We spent $80,000 to install a new elevator in the old 2 story high school here, new construction off the end of the old building, no elevator previously.It was in two years until the new school was completed and they auctioned off the contents of the old school. Elevator sold for $1700.84. We spent $80,000 to install a new elevator in the old 2 story high school here, new construction off the end of the old building, no elevator previously. It was in two years until the new school was completed and they auctioned off the contents of the old school.
Steven, The installation cost of a new elevator will include some additional costs for building the shaft, running electrical, the pit and pumps and HVAC for the shaft. Additionally, with the base cost of an elevator being in the ballpark of $70k for a 2-stop, you will add anywhere from $10-$15k per additional stop.o you would probably be looking at a conceptual budget in the ballpark of $110k-$150k for a new 4-stop elevator with shaft, depending of course on the elevator specs, level of finish and any additional work you may need to do to the building to stitch it into the circulation for each floor.