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5) Little sister Arya Stark decides she wants to pursue a career in real estate like the rest of her family. Her approach, however, will
5) Little sister Arya Stark decides she wants to pursue a career in real estate like the rest of her family. Her approach, however, will be different. She vows to view market conditions clearly and unemotionally, and to be disciplined and hardworking in managing her assets.
She decides to try her luck in a new market with sunnier economic conditions. She purchases a partially empty building with great potential that has revenues of 150,000 and expenses of 75,000. At a 6% cap rate on current NOI, what does she pay for the building?
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