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3. Three very similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three comps offer the

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3. Three very similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three "comps" offer the same amenities, services and views as your subject property. The sales prices and NOIS for the three "comps" are shown below. What is the market cap rate? Comp NOI Price A $57,100 $480,000 B $65,000 $556,000 C $69,000 $605,000

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