Your Team is evaluating whether to bid on an apartment complex. The complex is 180000 sq ft. The complex consists of 200 units: half are one bedrooms and the other half are two. The one bedrooms rent for $800 per unit per month and the two for $1,000. The complex is 15% vacant. The real estate expenses are $2.00 per square foot, CAM is $1.00 per square foot. Insurance and Management fees are .25 cents psf. The Capital escrow is $25,000 per year. Please calculate the NOI
Your Team is evaluating whether to bid on an apartment complex. The complex is 180000 sq ft. The complex consists of 200 units: half are one bedrooms and the other half are two. The one bedrooms rent for $800 per unit per month and the two for $1,000. The complex is 15% vacant. The real estate expenses are $2.00 per square foot, CAM is $1.00 per square foot. Insurance and Management fees are .25 cents psf. The Capital escrow is $25,000 per year. Please calculate the NOI
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Your Team is evaluating whether to bid on an apartment complex. The complex is 180000 sq ft. The complex consists of 200 units: half are one bedrooms and the other half are two. The one bedrooms rent for $800 per unit per month and the two for $1,000. The complex is 15% vacant.
The real estate expenses are $2.00 per square foot, CAM is $1.00 per square foot. Insurance and Management fees are .25 cents psf. The Capital escrow is $25,000 per year.
Please calculate the NOI
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