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Building Space 528357 528357
Occupancy 95% 95.50%
Rent/Square foot $28.07 $28.91 $29.78
Rental Income $14,512,115 $15,026,149
Garage Income $800,000 $824,000 $848,720
Reimbursement revenue 10.00% $353,735 $364,347
Credit Loss 2.50% $362,803 $375,654
Total Revenues $15,327,047 $15,863,563
Expenses
Real Estate Taxes $5.24 $2,879,334 $2,994,508
Ground Rent $1,500,000 $1,500,000 $1,500,000
Other expenses $6.50 $3,537,350 $3,643,471
Management fee $300,000 $309,000 $318,270
Total Expenses $8,225,684 $8,456,248
1
Building Space 528357
Occupancy 95.00%
Rent/Square foot $28.07 $28.91
Rental Income $14,512,115
Garage Income $800,000 $824,000
Reimbursement revenue $0.10 $353,735
Credit Loss 2.50% $362,803
Total Revenues $15,327,047
Expenses
Real Estate Taxes 5.24 $2,879,334
Ground Rent 1500000 $1,500,000
Other expenses 6.5 $3,537,350
Management fee 300000 $309,000
Interest expenses $3,957,737
Total Expenses 0 $12,183,422
Regression Statistics
Multiple R 0.675687106
R Square 0.456553065
Adjusted R Squ 0.365978575
Standard Error 49.09374919
Observations 8
ANOVA
df SS MS F Significance F
Regression 1 12148.92267 12148.92267 5.040636371 0.06588019
Residual 6 14461.17726 2410.19621
Total 7 26610.09993
Estimated value
Price per square foot $111,806,755.01
Price per rented square foot $110,498,223.42
Price based upon NOI 81470375.6831332
1.1558472775
NOI/SF Price/NOI
26.98 12.05
NA
17.6 12.84
NA
NA
16.52 14.08
NA
15.17 14.39
13.34
11.56