If you were to make an initial estimate of the property's value, which would you pick?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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4.3.2 Rick's Dilemma: How to Value the
Midtown Manhattan Property
Let's begin by trying to value your property. Remember, this is a building complex located on Madison
Avenue in Midtown Manhattan. The ground rent is about $4.6 million. Obviously, you want the best price
on the best terms.
If you were to make an initial estimate of the property's value, which would you pick?
$45 million
O $150 million
$200 million
$250 million
O $400 million
ㄷ
$450 million or more
Transcribed Image Text:4.3.2 Rick's Dilemma: How to Value the Midtown Manhattan Property Let's begin by trying to value your property. Remember, this is a building complex located on Madison Avenue in Midtown Manhattan. The ground rent is about $4.6 million. Obviously, you want the best price on the best terms. If you were to make an initial estimate of the property's value, which would you pick? $45 million O $150 million $200 million $250 million O $400 million ㄷ $450 million or more
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