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GIM |
Also found in: Financial | 0.01 sec. |
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The gross income multiplier is the number used to multiply with annual gross receipts to arrive at the amount a buyer is willing to fork over for an apartment building. In general, capitalization rates declined, gross income multipliers (GIMs) increased and the price per square foot increased across property types and in all markets. The city is taking the income and applying their capitalization rate or a gross income multiplier in some neighborhoods and then taking 45 percent of that value, added Margulies. |
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