Consider a mixed-use property in Astoria, Queens with 18,500 square feet of rentable space. The annual rent in 2023 for similar properties is $46.69/sq ft. You expect that the vacancy rate in 2023 will be 3%. and that you will incur collection losses on additional 0.5% of the square feet. What will be your effective gross income (EGI) in 2023?

Answer rating: 100% (QA)

To calculate the effective gross income EGI for the mixeduse property in Astoria Queens we ne... View the full answer