Humphrey Chimpden Earwicker, a recent immigrant from Dublin, is creating a pro forma for the

development of a mixed$-$use four$-$story building at Main and Hastings in Vancouver, which is scheduled

to be finished on $31$ December $2023.$ He has already leased the first floor to a pub, the second to a

small law firm and the third to a startup software company. Owing to the unfortunate use of soluble

roofing tiles by a subcontractor, the fourth floor is vacant and expected to remain so indefinitely. The

leases specify the occupied space and monthly rent, both per square foot, and that tenants pay monthly

operating costs of $$6\mathrm{.}00$ per square foot for the space they occupy. Humphrey is liable for the operating

costs for the vacant fourth floor. Humphrey is also responsible for paying all property tax, which on a$.$

monthly basis is $$4\mathrm{.}50$ per square foot. Based on these figures, compiled in the table below, what does

Harvey calculate for monthly NOI from his completed project? ${?}^1$Humphrey Chimpden Earwicker, a recent immigrant from Dublin, is creating a pro forma for the development of a mixed$-$use four$-$story building at Main and Hastings in Vancouver, which is scheduled to be finished on $31$ December $2023.$ He has already leased the first floor to a pub, the second to a small law firm and the third to a startup software company. Owing to the unfortunate use of soluble roofing tiles by a subcontractor, the fourth floor is vacant and expected to remain so indefinitely. The leases specify the occupied space and monthly rent, both per square foot, and that tenants pay monthly operating costs of $$6\mathrm{.}00$ per square foot for the space they occupy. Humphrey is liable for the operating costs for the vacant fourth floor. Humphrey is also responsible for paying all property tax, which on a monthly basis is $$4\mathrm{.}50$ per square foot. Based on these figures, compiled in the table below, what does Harvey calculate for monthly NOI from his completed project?! Tenant

Space

Rent

Lease Expiry

Den: Drop Inn $10,000$ $$23\mathrm{.}0030$ September $2025$

Raincoasl Attorneys $20,000$ $$22\mathrm{.}0031$ August $2025$

SoLou So In are $5,000$ $$24\mathrm{.}0030$ April $2024$

Vacant $2500$