Assume that cost new to build a Class A office space in Times Square currently costs approximately $1,000 per square foot. Following extensive renovation, the subject property has an effective age of 5 years and a total economic life of 60 years. Find the value of the building and improvements if the land value estimate is $100 million.
Let's say x square feet in the building now
"100 million+1000\\times x"
is the value of the building
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