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theageofnow t1_jdestah wrote on March 23, 2023 at 9:43 PM

Reply to comment by dbenc in Historic Flatiron Building sells for $190 million at auction by Orener

Normally developers like to have sell out be 2x hard and soft costs when underwriting a deal. The numbers don’t always work out that way (overruns, market conditions etc) but that’s the pro forma