I won’t go into the gory details of this, but I assumed the rent grew at the Rent CAGR rate (g in the formula) the money was invested at 2% (r, rate per period) with the number pf periods being 9.

A black diamond in the grand tetons is not the same as a black diamond in the midwest.The "class A" properties in Cincinnati might barely be B's, if not C's in terms of amenities in the 24 hour cities like Manhattan, LA, SF, etc. 

As I write, lower manhattan looks like a ghost town.

As I write, lower manhattan looks like a ghost town.

I was in Manhattan one time and they sent me one.. and that person charged 350 bucks..

- Steady tenancy (state of NY)- decent return- safety of the investment- 8 miles from Central Park Manhattan- Catalyst for capital gain: The build of a high speed train station connecting to Manhattan in 15 Min. - Area becoming nicer and nicer How did you finance this deal?

As I write, lower manhattan looks like a ghost town.

As I write, lower manhattan looks like a ghost town.

As I write, lower manhattan looks like a ghost town.

I live and work in Manhattan, I'm both a Tenant and Landlord here, I'm not biased.