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A 100 GRM (monthly rents) = 8.33 GRM (annual rents). An 8.33 GRM calculated on annual rents suggests the gross rent will pay for the property in 8.33 years. The common measure of rental real estate value based on net return rather than gross rental income is the capitalization rate (or cap rate). In contrast to the GRM, the cap rate is not a ...
Rent control limits the price a landlord can charge a tenant for rent and also regulates the services the landlord must provide. Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases.
The Benevolent and Protective Order of Elks' Lodge 878 building was designed by the Ballinger Company [1] [2] in the Italian Renaissance Revival style. [3] [4] It is composed of the 3 + 1 ⁄ 2-story main building at 82-10 Queens Boulevard; a two-story annex to the east at 82-20 Queens Boulevard; and a three-story rear addition to the south of the main building. [5]
Queens Boulevard starts off as a small 2-lane street at Jamaica Avenue, but becomes a 6 lane median-divided street at Hillside Avenue one block north.. Queens Boulevard runs northwest to southeast across a little short of half the length of the borough, starting at Queens Plaza at the Queensboro Bridge entrance in Long Island City and running through the neighborhoods of Sunnyside, Woodside ...
The fixed monthly payment for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term. The monthly payment formula is based on the annuity formula. The monthly payment c depends upon: r - the monthly interest rate. Since the quoted yearly percentage ...
Rent burden, or the percentage of residents who have difficulty paying their rent, is 50% in Queens Village, lower than the boroughwide and citywide rates of 53% and 51% respectively. Based on this calculation, as of 2018 [update] , Queens Village are considered to be high-income relative to the rest of the city and not gentrifying .