Question
XYZ Apartment Building, located in Manhattan, New York, consists of 150 units. The property is 75% occupied. The monthly rental rates are as follows: 50
XYZ Apartment Building, located in Manhattan, New York, consists of 150 units. The property is 75% occupied. The monthly rental rates are as follows:
- 50 studios @ $625 / month
- 50 one-bedrooms @ $1180 / month
- 50 two-bedrooms @ $1750 / month.
Total monthly expenses are $1,250,000. Monthly debt service is $1,150,000.
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Finance And Profitability
Authors: David Irwin
1st Edition
1854180649, 9781854180643
