*13. Jhulio is evaluating the purchase of a 2,000 square foot, 5-unit apartment building in the Bronx. A broker just advised him that a nearby building was sold for $800 per square foot, implying a 5% cap rate. Using the Sales Comp Approach, what is the estimated value of the building? $1,600,000$16,000,000$160,000$60,000 * 17. If you own a 100 unit building and 4 units are vacant, what is the vacancy rate? 4% 90% 10% 3%