Table 1 provides information for next year on a 2-story building. Other information for next year...
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Table 1 provides information for next year on a 2-story building. Other information for next year regarding the building is presented in table 2. a. What is the building's annual effective gross income (EGI) expected to be next year? b. What is the building's net operating income (NOI) expected to be next year? Table 1 Floor 1 2 Table 2 Total suites 16 20 Item Income from parking Capital expenditures Vacancy & collection losses Operating expenses Income from building signage Square feet per suite 1,000 800 Vacant suites 4 0 Note $25,000 per month Monthly contract rent per square foot 30% of effective gross income 20% of potential gross income 30% of potential gross income $200,000 per year $40 $30 Monthly market rent per square foot $50 $45 Table 1 provides information for next year on a 2-story building. Other information for next year regarding the building is presented in table 2. a. What is the building's annual effective gross income (EGI) expected to be next year? b. What is the building's net operating income (NOI) expected to be next year? Table 1 Floor 1 2 Table 2 Total suites 16 20 Item Income from parking Capital expenditures Vacancy & collection losses Operating expenses Income from building signage Square feet per suite 1,000 800 Vacant suites 4 0 Note $25,000 per month Monthly contract rent per square foot 30% of effective gross income 20% of potential gross income 30% of potential gross income $200,000 per year $40 $30 Monthly market rent per square foot $50 $45
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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