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Empire State Building

Suite 5220

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 111/8/2027$79.00$0.00$79.00$23,140$277,685$277,685
Year 211/8/2028$80.97$0.45$81.42$23,851$286,209$563,894
Year 311/8/2029$83.00$0.91$83.91$24,579$294,954$858,848
Year 411/8/2030$85.07$1.39$86.47$25,327$303,925$1,162,773
Year 511/8/2031$87.20$1.88$89.08$26,094$313,130$1,475,903
Total$1,475,903$1,475,903

Totals

Total rent, 5 years$1,475,903
Present value @ 8%$1,215,416
Average cost per annum$295,181
Net effective rate per annum @ 8%$293,772
Average cost per SF$83.98
Net effective rate per SF$83.58

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

Lease Analysis — Empire State Building