Given the following information, calculate the developer’s g…
Given the following information, calculate the developer’s gain in whole dollars. 125 unit apartment complex $ 1,600 Monthly rent 5% vacancy rate 35% opex as % of EGI 6.25% market cap rate 1,300,000 land acquisition & site improvement cost 14,250,000 construction cost 5% construction contingency 2,100,000 soft costs