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NOI for Greene Street Lofts is $8790 in year 1, growing at 1% a year, Debt Service is $7215, the proceeds from sale (year 3)
NOI for Greene Street Lofts is $8790 in year 1, growing at 1% a year, Debt Service is $7215, the proceeds from sale (year 3) are $19,500 and has an initial investment of $17600. Using a discount rate of 9.0%, calculate the NPV of a 3 year holding period for this investment.
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