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Nora Apartments
<br />Total/Average
<br />1/1
<br />2/2
<br />169
<br />152
<br />321
<br />169
<br />76
<br />245
<br />768
<br />1,259
<br />920
<br />$1,379-$1,700
<br />$1,740-$2,800
<br />$1,379-$2,800
<br />$1,466
<br />$1,009
<br />$1,249
<br />$1.93
<br />$1.74
<br />$1.85
<br />$1,466
<br />$2,017
<br />$1,637
<br />Studio
<br />1/1
<br />2/2
<br />12
<br />48
<br />218
<br />134
<br />400
<br />48
<br />218
<br />67
<br />333
<br />675
<br />733
<br />1,134
<br />806
<br />$1,425-$1,490
<br />$1,339-$1,710
<br />$1,964-$2,424
<br />$1,339-$2,424
<br />$1,441
<br />$1,471
<br />$1,059
<br />$1,329
<br />$2.14
<br />$2.01
<br />$1.87
<br />$1.98
<br />$1,441
<br />$1,471
<br />$2,117
<br />$1,597
<br />04 MARKET ANALYSIS / COMPARABLE SURVEY / ALL UNIT TYPES
<br />Property Name
<br />Creative Village
<br />Apartments
<br />Total/Average
<br />Unit Type
<br />Studio
<br />Large Studio
<br />Jr, 1 Bd 1 Ba
<br />1/1
<br />2/2
<br />3/ 2
<br /># of Beds
<br />96
<br />63
<br />14
<br />107
<br />208
<br />75
<br />563
<br /># Units
<br />96
<br />63
<br />14
<br />107
<br />104
<br />25
<br />409
<br />Weighted
<br />Avg. Sq.Ft.
<br />412
<br />548
<br />525
<br />735
<br />1,080
<br />1,307
<br />746
<br />Effective Rent
<br />Range
<br />Low-High
<br />$1,270-$1,320
<br />$1,395-$1,520
<br />$1,420-$1,420
<br />$1,620-$2,020
<br />$2,520-$2,720
<br />$3,420-$3,420
<br />$1,270-$3,420
<br />Weighted Avg.
<br />Rent/Bed
<br />$1,315
<br />$1,499
<br />$1,420
<br />$1,815
<br />$1,333
<br />$1,140
<br />$1,416
<br />Weighted
<br />Avg. Rent/Sq.Ft.
<br />$3.19
<br />$2.73
<br />$2.70
<br />$2.47
<br />$2.47
<br />$2.62
<br />$2.61
<br />Avg. Month Rent
<br />
<br />$1,315
<br />$1,499
<br />$1,420
<br />$1,815
<br />$2,665
<br />$3,420
<br />$1,950
<br />27
<br />The Sevens
<br />Total/Average
<br />Skyhouse
<br />Total/Average
<br />Studio
<br />1/1
<br />2/2
<br />3/3
<br />76
<br />158
<br />136
<br />54
<br />424
<br />76
<br />158
<br />68
<br />18
<br />320
<br />614
<br />770
<br />1,054
<br />2,298
<br />879
<br />$1,141-$1,499
<br />$1,178-$1,941
<br />$2,422-$2,739
<br />$,108-$2,488
<br />$1,141-$2,739
<br />$1,310
<br />$1,519
<br />$2,541
<br />$2,353
<br />$1,308
<br />$2.15
<br />$2.16
<br />$2.41
<br />$1.68
<br />$2.18
<br />$1,310
<br />$1,519
<br />$2,541
<br />$2,353
<br />420 East
<br />Total/Average
<br />1/1
<br />2/2
<br />3/3
<br />148
<br />234
<br />72
<br />454
<br />148
<br />117
<br />24
<br />289
<br />740
<br />1,047
<br />1,470
<br />925
<br />$1,481-$1,665
<br />$2,061-$2,191
<br />$3,532-$3,582
<br />$1,481-$3,582
<br />$1,600
<br />$1,073
<br />$1,186
<br />$1,262
<br />$2.16
<br />$2.05
<br />$2.42
<br />$2.14
<br />$2.18
<br />$1,600
<br />$2,145
<br />$3,557
<br />$1,983
<br />CitiTower
<br />Total/Average
<br />Studio
<br />1/1
<br />2/2
<br />3/3
<br />74
<br />112
<br />62
<br />48
<br />296
<br />74
<br />112
<br />31
<br />16
<br />233
<br />738
<br />851
<br />218
<br />1,602
<br />782
<br />$1,431-$1,788
<br />$1,651-$2,609
<br />$2,530-$4,325
<br />$3,855-$4,565
<br />$1,431-$4,565
<br />$1,603
<br />$1,887
<br />$1,491
<br />$1,369
<br />$1,649
<br />$2.17
<br />$2.22
<br />$2.45
<br />$2.56
<br />$2.26
<br />$2.18
<br />$1,603
<br />$1,887
<br />$2,981
<br />$4,108
<br />$2,095
<br />**Denotes furnished, purpose-built, student housing some with multiple beds per room. All other comps are market-rate, unfurnished apartment units, with one bed per bedroom
<br />Please see ZRS Market Survey for comp tables organized by unit type. Please see Noeil Report for more details on comparative set.
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