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Consider a mixed-use property in Astoria, Queens with 1,650 square feet of rentable space. The annual rent in 2023 you expect to collect is $10/sq

Consider a mixed-use property in Astoria, Queens with 1,650 square feet of rentable space. The annual rent in 2023 you expect to collect is $10/sq ft leased. You expect that the vacancy rate in 2023 will be 4%. and that you will incur collection losses on additional 0.5% of the square feet. What will be your effective gross income (EGI) in 2023? State your answer as a number rounded to the nearest cent (e.g. if you get $13.57654, write 13.58)

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