Assume you have a client with a requirement for a building with 138,000 SF located in the Gowanus, NY. Total hard and soft costs are $241.5/SF. Assume a building to land coverage ratio of 50%. Land is being offered to you at $190.00/SF of Land Area. You are trying to achieve an unleveraged yield of 6.0%. What is the target rent that you need to achieve your target yield? 37.29 92.73 22.31 29.73