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If year 1 NOI for Greene Street Lofts is $8790, and growing at 1% a year, Debt Service is $7215, the proceeds from sale (year
If year 1 NOI for Greene Street Lofts is $8790, and growing at 1% a year, Debt Service is $7215, the proceeds from sale (year 3) are $19,500 and an initial investment of $17380. Using a discount rate of 9%, calculate the NPV of a 3 year holding period for this investment.
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