Real Estate Math
A property with 10,000 square feet of rentable space leases for $16.50/sq ft/year on a gross basis. Annual operating expenses are $68,000. What is the annual NOI?
A$97,000✓ Correct
B$95,000
C$98,000
D$96,000
Explanation
Gross income = 10,000 × $16.50 = $165,000.
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