Property Details: Cross Streets: Block & Lot: Stories: Lot Dimensions: Building SqFt: Zoning: FAR: Corner of W. 82nd & Columbus Street 01213_0029 4 26 x 50 4,625 R7 with Commercial Overlay of C1-8A 4.8 for Wide Street / 2.0 Commercial Overlay 31)_What is the total lot size: a) 1,450 SqFt b) 1,213 SqFt c) 1,300 Sqft d) 4,625 32)_What is the total buildable SqFt: a) 6,240 b) 6,022 C) 5,822 d) 7,013 31)_How much Air Rights in SqFt are available to use or sell to a neighbor: a) 1,615 b) subject to DOB & Cofo c) 4,625 d) 1,315 32) Assume active tenants are in place on floors 2 thru 4 and we convert the entire building to residential space. If we can get a blended rentable rate of $50/SqFt, and expenses are expected to be 40% of Gross Rent Roll, what is the valuation of the building using a 5 cap rate? Select the best approximate value: a) $2.06 million b) $2.36 million c) $2.96 million d) $3.9 million 33) Same details as in Question 32, except our investment team decides we are willing to buy this at a 4.5 cap instead. What will be our new our purchase price? a) $2.6m b) $2.3m a) $3.0m a) $3.6m 34) Assuming we own the property, and we want to lease out the ground floor to a rental tenant at $95/SqFt. How much would that generate for us monthly in rental income? a) $123,500 b) $10,291 a) $187k a) $13,000 Property Details: Cross Streets: Block & Lot: Stories: Lot Dimensions: Building SqFt: Zoning: FAR: Corner of W. 82nd & Columbus Street 01213_0029 4 26 x 50 4,625 R7 with Commercial Overlay of C1-8A 4.8 for Wide Street / 2.0 Commercial Overlay 31)_What is the total lot size: a) 1,450 SqFt b) 1,213 SqFt c) 1,300 Sqft d) 4,625 32)_What is the total buildable SqFt: a) 6,240 b) 6,022 C) 5,822 d) 7,013 31)_How much Air Rights in SqFt are available to use or sell to a neighbor: a) 1,615 b) subject to DOB & Cofo c) 4,625 d) 1,315 32) Assume active tenants are in place on floors 2 thru 4 and we convert the entire building to residential space. If we can get a blended rentable rate of $50/SqFt, and expenses are expected to be 40% of Gross Rent Roll, what is the valuation of the building using a 5 cap rate? Select the best approximate value: a) $2.06 million b) $2.36 million c) $2.96 million d) $3.9 million 33) Same details as in Question 32, except our investment team decides we are willing to buy this at a 4.5 cap instead. What will be our new our purchase price? a) $2.6m b) $2.3m a) $3.0m a) $3.6m 34) Assuming we own the property, and we want to lease out the ground floor to a rental tenant at $95/SqFt. How much would that generate for us monthly in rental income? a) $123,500 b) $10,291 a) $187k a) $13,000
