19. 20. You are given the following information regarding a multi-family property: - Effective gross income for the past year was $1,235,000. - Normalized net operating income for the past year was $675,050. - The building's estimated value based on direct capitalization is $8,975,300. - Property taxes for the year were $55,000. What were the total operating expenses and capitalization rate used in the valuation of the builiding? (1) $506,551; 6.5% (2) $620,050; 7.25% (3) $559,950; 7.52% (4) $561,551; 6.5% Hans recently appraised an 8-unit apartment complex at $975,500 using the direct comparison approach. If the potential gross income of the property is $66,350, an appropriate potential gross income multiplier for the property is 11.5, and the price per square foot of the building is $210, What is the size of the building? (1) 4,150.8 sq. ft. (2) 4,645.2 sq. ft. (3) 3,205.6 sq. ft. (4) 5,797.4 sq. ft