Help with Development Case Study

[Oscar Jones]

Hey everyone.

Im currently working on a case study for a ground up real estate development project. Ive been searching online for a few days and have gotten nowhere.

I need some help obtaining my total unit # for the project.

I am given

Unit Mix: 30% 1 bed (avg 650sqft) & 70% 2 bed (avg 925 sqft)

it can be 3-4 stories high, type V const

Building efficiency = 64%

its on a 2.90 acre lot that is zoned RM-2-5 (40 ft height max and 1,500sqft Density per DU)

I am aware and know how to solve for costs and NOI and the rest of it, however i am struggling to get to a TOTAL NUMBER of units, i just know that 30% have to be 1 bed and 70% have to be two bed. My main thing im struggling with is how many sqft can i build on the lot ( i know you cant just take lot size and / by sqft due to setback and zoning rules) Can someone help me with this?

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