Board Of Aldermen - Agenda - 9/28/2021 - P38

APPENDIX 1

Baseline Model Assumptions
Revenues Assumptions
Downtown/Amherst/Exit 1 Market Rents
Studio $1,779
1BR $1,860
2BR $2,316
3BR $2,688
Downtown/Amherst/Exit 1 Market Rents per SF
Studio $3.38
1BR $2.44
2BR $2.41
3BR $2.24
Suburban Market Rents
Studio $1,601
1BR $1,674
2BR $2,084
3BR $2,419
Suburban Market Rents per SF
Studio $3.04
1BR $2.20
2BR $2.17
3BR $2.02
Market Sales Values for Single Family/Townhomes
1BR $300,000
2BR $350,000
3BR $550,000
Parking Income (Rental) (per spot) $75
Vacancy Rate (Rental) 5%
Unit Sizing
Size of Multifamily Units in SF
Studio 526
1BR 762
2BR 961
3BR 1,200
Size of Townhomes in SF 1,294
Size of Single-Family Homes in SF 1,853