You are thinking about buying 944 Fulton Street, Brooklyn, NY, a 4,500 square foot mixed-use building, holding it for 5 years and selling it at the end of the 5^th year (based on the year 6 proforma NOI).

Vacancy and Collection loss are estimated to be 4% combined.

What is the NOI for Year 1?

Text in green box represent inputs $/Year Purple text represent outputs Inputs Income Retail Rent Additional Rent Solar Panel Residential unit 1 Residential unit 2 Residential unit 3 Total Rental Income Year 1 $0.00 Reimbursement Income Rental Income Reimbursement Income Potential Gross Income (PGI) Vacancy & Collection Loss Effective Gross Income (EGI) Operating Expenses Net Operating Income (NOI) Expenses Real Estate Taxes Insurance Water/Sewer Heating and Cooling Electric Repairs Management Fee Total Expenses 3.00% of EGI $ $ Vacancy and Collection Loss 4.00% % of PGI Operating Expense Ratio Year 1 A % of EGI Asking Cap Rate Asking Price $5,400,000.00 Value/SF Lot Square Footage Total Gross SF (of building) Total Buildable SF (potential) 2,000 4,500 8,000 Text in green box represent inputs $/Year Purple text represent outputs Inputs Income Retail Rent Additional Rent Solar Panel Residential unit 1 Residential unit 2 Residential unit 3 Total Rental Income Year 1 $0.00 Reimbursement Income Rental Income Reimbursement Income Potential Gross Income (PGI) Vacancy & Collection Loss Effective Gross Income (EGI) Operating Expenses Net Operating Income (NOI) Expenses Real Estate Taxes Insurance Water/Sewer Heating and Cooling Electric Repairs Management Fee Total Expenses 3.00% of EGI $ $ Vacancy and Collection Loss 4.00% % of PGI Operating Expense Ratio Year 1 A % of EGI Asking Cap Rate Asking Price $5,400,000.00 Value/SF Lot Square Footage Total Gross SF (of building) Total Buildable SF (potential) 2,000 4,500 8,000