You have been asked to provide an estimate for the net operating income (NOI) of the Shared Office Space Building. The building consists of 16 suites evenly distributed in 4 floors (4 suites per floor). The offices in the first-floor lease for $2,000 per month, while the rest of the offices lease for $1,800 per month. The market study reveals that the average vacancy in the market is 10% per year; the expected operating expenses are 45% of the effective gross income(EGI); and, the expected capital expenditure are 5% of the EGI each year. The annual market rent increases 3% per year. What is the buildings NOI?