Consider the following economic activity (assume all occurred in2015 in the U.S.)

• On January 1st,a firm buys an old apartment complex for$1.5 million, renovates it for $250,000 and increases the rent for each of the 10 apartments from $650 to $800 per month.
• On January 1st, a new apartment building is built across the street. Each of the 6 apartments is sold for $150,000 to families. The rent value is $850 per month.

What is the contribution to U.S. GDP in 2015?