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An apartment building has 25 studios that are 650 SF and 25 one-bedroom units that...

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Finance

An apartment building has 25 studios that are 650 SF and 25 one-bedroom units that are 950 SF. The studios rent for $1,600 per month and the one bedroom at $1950 per month. Vacancy/Collection Loss is 4%. Expenses are 40% of the PGI. What is the NOI:

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