4,210 square feet at 124 S. Allen for $18 per square foot – UPDATED

Just found this on StateCollege.com.

I have a lot to learn about real estate. Does that mean that 75 or so families kicking in more or less $1,000 apiece could be joint owners of the beginnings of a downtown local food hub? Or would it be $75,000 per year in rent?

Readers confirm the latter interpretation:

Leanne Martin: “That would be $75,000 per year in rent.”

Mark Maloney: “Your calculation on the Allen St. property is correct: 4210 sq feet x $18 per sq ft per year translates to $6,315 per month in rent.”

 

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One Response to 4,210 square feet at 124 S. Allen for $18 per square foot – UPDATED

  1. Leanne Martin says:

    That would be $75,000 per year in rent.

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