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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


Affordable Housing 55+