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How can NOI be calculated for this apartment rental investment property (information below) if operating expenses are unknown? Total Development Cost $4,326,031 Gross Building Area
How can NOI be calculated for this apartment rental investment property (information below) if operating expenses are unknown?
Total Development Cost $4,326,031
Gross Building Area (GBA) Bldg. Area (sqft.)
Residential 13,658
Parking 3,000
Total GBA 16,658
Total Auto Parking Spaces 16
Total Bike Storage Spaces 6
Apt Unit Type Number of Units Square Feet Vacant Units Average Rents
Studio (w/o parking) 3 615 1 $1,425
Studio 7 650 1 $1,630
Two Bedroom 6 930 0 $2,200
Three bedroom 1 1,683 0 $3,200
Total 17 2 $2,114
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