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A classmate has asked you to help create financials for a property management firm's investment: 1 0 office units, contract rents per unit: $ 3

A classmate has asked you to help create financials for a property management firm's investment: 10 office units, contract rents per unit: $3,300 per month; vacancy and collection losses: 5%; operating expenses: $49,000; capital expenditures: 3%. Assuming below-line treatment of capital expenditures what is the NOI of this project?

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