BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
WINN-DIXIE 0,9 MILES
JORGE’S PHARMACY 1.0 MILES
B
RENATE PARIS | DESIGN 10
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BUS STOPS
M
METRO STATIONS
GROCERY STORES
CULTURAL/MUSEUMS
PARKS
BARS/RESTAURANTS
MEDICAL FACILITIES
RELIGIOUS SITES
HOTELS
ALICE WAINWRIGHT PARK 0,4 MILES
1-MILE RADIUS SITE ANALYSIS
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
EXISTING SYNAGOGUE 48,667 SQ.FT
EXISTING SCHOOL 4,629 SQ.FT
EXISTING SITE 165,324 SQ.FT
STRATEGY DIAGRAMS
RENATE PARIS | DESIGN 10
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
AREA USED 24,768 SQ.FT
132 PARKING SPACES
STRATEGY DIAGRAMS
RENATE PARIS | DESIGN 10
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
T6-12 12-FLOOR LIMIT
T4-R 3-FLOOR LIMIT
132 PARKING SPACES
STRATEGY DIAGRAMS
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
T6-12 12-FLOOR LIMIT
T4-R 3-FLOOR LIMIT
SHARED COURTYARD
132 PARKING SPACES
STRATEGY DIAGRAMS
RENATE PARIS | DESIGN 10
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
T6-12 12-FLOOR LIMIT
SHARED TERRACES
T4-R 3-FLOOR LIMIT
SHARED COURTYARD
132 PARKING SPACES
STRATEGY DIAGRAMS
RENATE PARIS | DESIGN 10
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
B 15
5
7
A
6
5
5
8
2
14
10
10 9
2
9
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
2
2
2
2
3
1
13
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
B
RETAIL SPACE 961 SQ.FT
EXISTING SCHOOL
COMMUNITY ROOM 611 SQ.FT Up
LOBBY
A
LOBBY
Up
MEP
JANITOR'S CLOSET
WOMEN
MEN
LAUNDRY ROOM 455 SQ.FT
LIBRARY & COMPUTER LAB 430 SQ.FT
FITNESS CENTER 539 SQ.FT
EXISTING SYNAGOGUE
GROUND FLOOR
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
B 15
RETAIL SPACE
EXISTING SCHOOL
COMMUNITY ROOM
5 Up
LOBBY
LOBBY
7
A
Up
MEP
JANITOR'S CLOSET
WOMEN
MEN
LAUNDRY ROOM
LIBRARY & COMPUTER LAB
FITNESS CENTER
6
Up
5
5
8
2
EXISTING SYNAGOGUE Up
14
10
10
9
2
2
2
GROUND FLOOR
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
B
Up
A
Dn
Dn
Up
TYPICAL FLOOR RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
Up
A
Dn
Dn
Up
2 BEDROOM / 2 BATH 875 SQ.FT MONTHLY RENT $800.00
1 BEDROOM / 1 BATH 648 SQ.FT MONTHLY RENT $700.00
TYPICAL FLOOR
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
PRODUCED BY AN AUTODESK EDUCATIONAL PRODUCT
PRODUCED BY AN AUTODESK EDUCATIONAL PRODUCT
SECTION A
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
PRODUCED BY AN AUTODESK EDUCATIONAL PRODUCT
RENATE PARIS | DESIGN 10
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
SECTION B
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING ASSUMPTIONS
TOTAL # OF UNITS 1 bedroom 2 bedroom total 1 bedroom (sq.ft) total 2 bedroom (sq.ft)
50 $ 700.00 582 sqft 48 $ 800.00 796 sqft 29100 38208
TOTAL BLDG AREA (net) sq.ft
67308
1 bed 2 bed total 1 bedroom (sq.ft) total 2 bedroom (sq.ft)
50 48 32400 42000
TOTAL BLDG AREA (gross) sq.ft
74400
construction cost per sq.ft construction cost parking balconies cost lanscaping cost
$ $ $ $
648 sqft 875 sqft
98.00 45.00 60.00 30.00
circulation amenities retail space sq.ft balconies sq.ft landscaping sq.ft
25% 10% 961 $ 17703 25501
total circulation (sq.ft) total amenities (sq.ft) total circurlation & amenities
16827 6730.8 23557.8
TOTAL BLDG AREA (sq.ft)
97957.8
existing parking spaces parking spaces per units number of units number of parking spaces allowable reduction percentage parking spaces not needed total parking spaces (units) total parking spaces built sq.ft per parking space total parking sq.ft parking construction cost
Back of Napkin
98
PROJECT VALUE
$ 15,709,827.84
GROSS INCOME
$
880,800.00
OPERATING EXPENSES
$
308,280.00
NET OPERATING INCOME
$
849,288.00
30.00
RETURN ON INVESTMENT
96
5%
1.5 98 147 30% 44.1 103 7 400 2760 124,200.00
$
retail construction cost per sqft retail total construction cost balconies construction cost per sqft balconies totalconstruction cost landscape construction cost per sqft landscape total construction cost Total (retail ect) construction cost
$ $
60 57,660.00 60 1,062,180.00 30 765,030.00 1,884,870.00
building construction cost
$
9,599,864.40
TOTAL CONSTRUCTION COST
$
11,608,934.40
$ $
PROFORMA YEAR 0
INCOME GROSS INCOME RETAIL SPACE
$
345,960.00
1 bedroom income 2 bedroom income GROSS INCOME RESIDENTIAL RENT
$ $ $
420,000.00 460,800.00 880,800.00
TOTAL GROSS INCOME
$
1,226,760.00
PROJECT VALUE
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
YEAR 6
YEAR 7
YEAR 8
YEAR 10
YEAR 9
$15,709,827.84
GROSS INCOME
$880,800.00 $907,224.00 $934,440.72 $962,473.94 $991,348.16 $1,021,088.60 $1,051,721.26 $1,083,272.90 $1,115,771.09
$
20% 69,192.00 35% 308,280.00
TOTAL OPEX
$308,280.00 $315,987.00 $323,886.68 $331,983.84 $340,283.44
$348,790.52
$357,510.29
$366,448.04
$375,609.25
$384,999.48
NET OPERATING INCOME
$
849,288.00
NET OPERATING INCOME
$572,520.00 $591,237.00 $610,554.05 $630,490.10 $651,064.72
$672,298.08
$694,210.98
$716,824.86
$740,161.84
$764,244.74
construction cost soft cost total soft cost land acquisition per unit total land acquisition
$ $ $ $
11,608,934.40 10% 1,160,893.44 30,000.00 2,940,000.00
PROJECT VALUE
$
retail expenses RETAIL OPERATING EXPENSES residential expenses RESIDENTIAL OPERATING EXPENSES
$
CASH FLOW
$14,803,236.85 -$15,709,827.84 $572,520.00 $591,237.00 $610,554.05 $630,490.10 $651,064.72
$672,298.08
$694,210.98
$716,824.86
$740,161.84
$15,567,481.59
4.28%
4.42%
4.56%
4.71%
4.86%
15,709,827.84
ROI
5%
INCOME ANNUAL GROWTH EXPENSE ANNUAL GROWTH
3.00% 2.50%
CAP RATE
5.00%
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
SALES PRICE
$1,149,244.22
IRR RETURN ON INVESTMENT
4% 3.64%
3.76%
3.89%
4.01%
4.14%
FINANCIAL ANALYSIS
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
CORAL WAY ELEVATION
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
26TH ROAD ELEVATION
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
VIEW FROM CORAL WAY
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
7TH FLOOR TERRACE
RENATE PARIS | DESIGN 10
PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
VIEW FROM 26TH ROAD
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
VIEW FROM PARKING LOT
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
COURTYARD RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART
BETH DAVID CONGREGATION AFFORDABLE 55+ HOUSING
CORNER OF CORAL WAY & 26RD
RENATE PARIS | DESIGN 10 PROFESSOR OLIVIA RAMOS PROFESSOR JOHN STUART