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601 West 26th Street

Partial 19th Floor

Assumptions

Base Rent

Operating Expenses

Real Estate Taxes

Operating, tax, and electric figures are illustrative — replaced with the building’s actual amounts when known.

Cash Flow

PeriodYear EndingBase $/SFRE Taxes $/SFTotal $/SFMonthly AvgPer AnnumCumulative
Year 110/31/2027$59.00$0.00$59.00$90,103$1,081,234$1,081,234
Year 210/31/2028$60.47$0.45$60.92$93,043$1,116,512$2,197,746
Year 310/31/2029$61.99$0.91$62.90$96,059$1,152,712$3,350,458
Year 410/31/2030$63.54$1.39$64.93$99,155$1,189,860$4,540,318
Year 510/31/2031$65.12$1.88$67.01$102,332$1,227,981$5,768,299
Total$5,768,299$5,768,299

Totals

Total rent, 5 years$5,768,299
Present value @ 8%$4,748,882
Average cost per annum$1,153,660
Net effective rate per annum @ 8%$1,147,830
Average cost per SF$62.95
Net effective rate per SF$62.63

Every figure above is a projection from the stated assumptions, offered for comparison between options — not a quote of terms.

Lease Analysis — 601 West 26th Street