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price per sqft for rentals

Started by tomwilsing
over 16 years ago
Posts: 10
Member since: May 2009
Discussion about
what do you guys think the fair price/sqft is for a rental in fidi for a luxury building? If sales are going in the 600-700 $/sqft range. carrying cost 800 sqft - 10% down - $780/month common costs - $100/month tax purchase price at $600/ft is 480,000 the monthly carrying cost for that unit would be 2560 net of taxes if the price per sqft is $700/ft...the purchase price = 560,000 and the carrying cost (net of taxes) would be 2850 right now...isn't it fair to just pay the carrying cost? you are floating the owner's investment. isn't that good enough?
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