The sales comp set indicates an average cap rate in the market of  [X] and an average rental rate of [$X] per unit for 1 bedrooms and [$X] per unit for 2 bedrooms.  (if is) 3 bedrooms, add 3 bedroom data.

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Refine List
year built
(5)
1990
1990
distance from subject property
0.00 – 5.00
(5)
source of data
rating
Axio
(5)
C-
C
C+
B-
B
B+
A-
A
A+
CoStar
(5)
number of units
(5)
10
150
average rent/unit
(5)
$1,500
$3,000
average rent/sf
(5)
$35
$75
occupancy
(5)
75%
100%
occupancy
Show Hidden Comps

“Hidden Comps” relates to showing properties that have previously been X’ed out.  We may want to rename this to “Restore Hidden Comps” The new option would be to “Show All Comps”, which would clear all parameter filters, and show ALL properties on the map and in the list.

Show Rent Comps Analysis
Rent Comps
1 bed / 1 bath
2 bed / 2 bath
Property
address
distance from subject (miles)
total
# units
occupancy
year built
# units
avg.
unit sf
avg.
rent/unit
rent/sf
# units
avg.
unit sf
avg.
rent/unit
rent/sf
Selected Comps
Newman Lofts
17321 Murphy Ave. Irvine, CA 92614
2.41
2.08
0%
688
$1,995
$2.90
42
1,246
42
1,246
$3,335
$2.68
Ashford at Brown Ridge
2100 Sullivan Ave. Irvine, CA 92614
2.25
232
64.8%
2017
18
720
$2,073
$2.88
18
1,350
$3,208
$2.38
Valleybrook
2801 Kelvin Ave. Irvine, CA 92614
2.34
381
97.3%
2017
23
653
$1,630
$2.50
24
1,432
$3,350
$2.34
Averages
2.50
250
88%
2017
15
700
$1,900
$2.80
28
1,350
$3,300
$2.44
subject property
Brighton Farms
200
90%
2010
20
650
$2,000
$2.90
30
1,200
$3,400
$2.80
Difference
(50.00)
2.0%
(7)
5
(50)
$100
$0.10
2
(150)
$100
$0.36
Difference %
(25.0%)
2.2%
25.0%
(7.7%)
5.0%
3.4%
6.7%
(12.5%)
2.9%
12.7%
Rent/SF
$2.00
$1.50
$1.00
$0.50
3/3
3/2
2/2
2/1
1/3
0/1
Comp set avg.
Comp set 
Subject property
Rent/Unit
$2,000
$1,500
$1,000
$500
3/3
3/2
2/2
2/1
1/3
0/1
Comp set avg.
Comp set 
Subject property
Vacancy
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
2013
2013
2012
2011
2010
2009
2008
Submarket
Market
Subject
Valleybrook
201 West 70th, New York, NY 10023
www.valleybrook.com
Asset Grade in the Market:
A+
Asset Grade in the Submarket:
A
Property Grade:
Compare to Subject Property
Property Photographs
Property Info
Property Address
201 West 70th, New York, NY 10023
Property Type
Property Status
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Building Type
Parking Spaces Per Unit
GPR
$250,000
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Average Rent/Unit
$2,500
Average Rent/SF
$2.50
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Amenities

Air conditioning, cable ready, carpet, ceiling fans, dishwasher, disposal, eat-in kitchen, fireplace, granite countertops, health club discount, heating, laundry facilities, maintenance on site, package service, playground.

Rent Roll
Bed
Bath
# units
avg.
unit sf
Total Sf
avg.
rent/unit
avg.
rent/sf
Monthly gross
potential rent
annual gross potential rent
1
2
47
653
30,691
$1,207
$1.85
$56,729
$680,748
2
1
66
689
45,474
$753
$1.09
$49,698
$596,376
3
2
66
689
45,474
$753
$1.09
$49,698
$596,376
Total/Average
66
865
97,849
$1,403
$1.62
$158,579
$1,902,948
Bed
Bath
# units
avg.
unit sf
Total Sf
avg.
rent/unit
avg.
rent/sf
Monthly gross
potential rent
annual gross potential rent
1
1
66
653
45,474
$753
$1.09
$49,698
$596,376
2
1
11
933
10,263
$1,445
$1.55
$15,895
$190,740
3
2
36
1,088
39,168
$262
$0.24
$9,432
$113,184
Total/Average
113
839
94,905
$663
$0.79
$75,025
$900,300
Narrative

[Property Name (Property)] is a [property type (always be multifamily)] property located at [FULL Property ADDRESS].  The property is [Property Status], and was built in [year built], and last renovated in [year renovated].   The property is a [building type] type property, with [no of buildings] IF MORE THAN ONE number of buildings IF 1 building, which IF MORE THAN ONE contain IF ONE contains [number of units] units.  The weighted average rent per unit at the property is [avg rent per unit] or [avg rent per sq ft] per square foot.  IF “Acquire” THEN…   [If acquisition]… The borrowing entity is under agreement to purchase the Property for [purchase_price] or [purchase_price_per_unit] /unit.

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Valleybrook
201 West 70th, New York, NY 10023
www.valleybrook.com
Asset Grade in the Market:
A+
Asset Grade in the Submarket:
A
Property Grade:
Brighton Farms
201 West 70th, New York, NY 10023
www.valleybrook.com
Asset Grade in the Market:
A+
Asset Grade in the Submarket:
A
Property Grade:
Property Info
Property Name
Valleybrook
Property Address
201 West 70th, New York, NY 10023
Property Type
Multi-Family
Number of Units
45
Current Occupancy
95.5%
Property Status
Stabilized
Stories
2
Property Size (Acres)
22
Building Type
Low-Rise
Number of Buildings
1
Parking Spaces Per Unit
1.25
Year Built
1982
Year Renovated
1984
GPR
$250,000
Average Rent/Unit
$2,500
Average Rent/SF
$2.50
Current Owner
Ardent Properties, LLC.
Current Manager
Red Managers
Sales Date
03/03/2004
Sales Price
$2,000,000
Price Per Unit
$47,000
Price Per SF
$2.50
Cap Rate
$3.875
Amenities

Air conditioning, cable ready, carpet, ceiling fans, dishwasher, disposal, eat-in kitchen, fireplace, granite countertops, health club discount, heating, laundry facilities, maintenance on site, package service, playground.

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Property Info
Property Name
Valleybrook
Property Address
201 West 70th, New York, NY 10023
Property Type
Multi-Family
Number of Units
45
Current Occupancy
95.5%
Property Status
Stabilized
Stories
2
Property Size (Acres)
22
Building Type
Low-Rise
Number of Buildings
1
Parking Spaces Per Unit
1.25
Year Built
1982
Year Renovated
1984
GPR
$250,000
Average Rent/Unit
$2,500
Average Rent/SF
$2.50
Current Owner
Ardent Properties, LLC.
Current Manager
Red Managers
Sales Date
03/03/2004
Sales Price
$2,000,000
Price Per Unit
$47,000
Price Per SF
$2.50
Cap Rate
$3.875
Amenities

Air conditioning, cable ready, carpet, ceiling fans, dishwasher, disposal, eat-in kitchen, fireplace, granite countertops, health club discount, heating, laundry facilities, maintenance on site, package service, playground.

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Property Info
Property Info
Property Name
Property Address
Property Type
Number of Units
5
2.5%
Current Occupancy
Property Status
Stories
(1)
(50.0%)
Property Size (Acres)
2
5%
Building Type
Number of Buildings
2
10.0%
Parking Spaces Per Unit
20
5.5%
Year Built
(2)
Year Renovated
5
GPR
$20,000
2.0%
Average Rent/Unit
$250
4.5%
Average Rent/SF
$0.65
8.0%
Current Owner
Current Manager
Sales Date
1 Year 1 Month
Sales Price
($1,200,000)
(10.0%)
Price Per Unit
$25,000
3.0%
Price Per SF
$1.05
10.0%
Cap Rate
1.25%
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