...Revere Street Project Valuation October 11, 2013 Table of Content 1 Summary - Project Revere Street 3 2 The Residential Property Overview 3 2.1 Location 3 2.2 Economic Environment 4 3 Financial Valuation 4 3.1 Case Preview 4 3.2 Case Summary 5 3.3 Valuation Summary 6 4 Pro Forma - Revere Street 7 4.1 Balance Sheet (Estimated) 7 4.2 Income Statement (Estimated) 7 4.3 Statement of Cash Flow (Estimated) 8 5 Future Prospects and Concerns 8 1. Summary - Project Revere Street a. Estimated project Net Present Value -- $24,736 b. Estimated project Internal Rate of Return -- 19.10% c. Major concern -- Source of funds d. Suggested action toward project Revere Street -- GO 2. The Residential Property Overview 2.1 Location In the world of real estate, location sometimes determines the future of a property, residential or non-residential. Revere Street, a residential property located in the heart of downtown Boston, Massachusetts, provides a wonderful location for residents who also like to enjoy the convenience and diversity the city could offer. Revere Street shares Boston's unique New England historical city view and modernized financial district landscape. The pin point with the letter A on the map below shows a geographic center of Revere Street inside the City of Boston. Revere Street is located within less than one mile walk to the beautiful Charles River bank, the popular Newbury Street, the relaxing Boston Common...
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...After analysis of Mr. Alexander’s proposal, it is obvious why he should take advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliable. In a similar vein, Alexander’s “DIY” approach is not only exemplar of naiveté, but also suggestive of many implications that were overlooked in his proposal. And, even more discouraging, a best-case scenario analysis reveals that even without complication, there is little room for error afforded by the plan. Therefore, I would not advise Alexander to move forward with his investment strategy, as its potential for reward is far outweighed by its risk. In a vacuum, Alexander’s proposal would be very feasible and attractive, but in reality the real estate and rental industries are incredibly volatile and hard to predict even for specialists in those fields. The success of Alexander’s proposal is not just contingent upon a host of variables, but variables forecasted by an amateur lacking a sense of conservatism. To begin, the projected costs of the project include no allowance for incidentals. This is a giant red flag. Even if Alexander outsourced certain responsibilities to experts, the...
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...exciting North End for our walk-about. After we got off at the Haymarket T-stop on a cold, rainy Boston day, we first walked the streets of the surrounding neighborhood before heading to the Old North Church. This notable church is located where the famous phrase "One if by land, and two if by sea" signal by Paul Revere was sent during his midnight ride before the Battles of Lexington and Concord. I was surprised that the church was still decently maintained, even though it was built in 1723 and still being used today. It is the currently the oldest active church in Boston. We turned the corner and right in front of the church was the Paul Revere statue standing high and tall commemorating his memorable ride during the American Revolution. It is claimed to be one of the most photographed sculptures in Boston, which the bronze statue took 16 years to create and 40 years to install in its place. I have always heard about Boston having the feel of New York but with older architecture and history, but I never realized how much history Boston actually possesses right in the heart of the city. I spent weeks and weeks learning about the American Revolution during junior year in US History back in Houston, so being able to see the historical landmarks was quite remarkable. I couldn’t get over the fact that I was walking on almost the exact same land Paul Revere stepped on almost 300 years ago. We then walked downhill and ended up at the Waterfront, home of Boston’s Harbor Walk. The harbor...
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...BOSTON- Last Monday evening, a riot began on King Street, in front of the Custom House, a few minutes after 9 o’clock. Many colonists were frustrated with the multiple acts passed by Parliament and King George III, taxing them without allowing a colonial representative in Parliament. Two British sentries posted outside the Custom House were harassed by a small group of young men and boys, which later escalated into more than 100 citizens. Then a group of soldiers of the 29th Regiment, led by Captain Thomas Preston, came to the sentry’s rescue. Later, the soldiers fired at the mob, killing 7 men. The incident is believed to have occurred due to the high tension between colonists and the British, especially after the Quartering Act was issued in 1765. After passing soldiers posted in the Boston streets numerous times, some colonists started growing hostile towards the men. A few minor incidents occurred due to this, including a fight between British soldiers and rope makers at Mr. Cray's Rope Walk. Also, an eleven-year-old named Christopher Sneider was shot and killed by a British soldier....
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...The Boston “Bloody” Massacre took place on the streets of Boston on March 5, 1770. An angry mob started throwing snowballs at senator or collecting taxes. As the mob started to get violent an army of redcoats come to help break up the fight. The overall fight started when the king that was over 3,000 miles away sent over 2,000 troops over for a town of 16,000 people. The redcoats aim their weapons, but are told not to fire, the mob keeps coming at them. They are throwing snowballs and not giving up the fight. Soon the redcoats shoot, the first person to fall was a black sailor named Crispus Attucks who was in the front of the mob. Soon the word of the massacre spread all throughout Boston. Paul Revere, a man who worked for the newspaper, took...
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...Paul Revere was a devoted patriot and eminent and legendary folk hero. He is famous for bravely rushing through the city streets on horseback warning the Lexington Minutemen and the citizens of Middlesex, that the “redcoats” or the British soldiers were coming. If it were not for Paul and his audacious and gallant actions, the British soldiers would have ambushed the citizens of Middlesex, his life would never be the same again, as well as history and life nowadays would be entirely different. Paul Revere was born on January 1, 1735 in Boston Massachusetts. Paul was a child of immigrants as his father, Apollos Rivoire was a French artisan who came to America at age 13, and his mother, Deborah Hitchborn, was from New England. Paul...
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...the argument. However, the citation above clearly shows that it was such a small tax and did not affect the majority of the colonists. Therefore, the colonists were not justified to revolt. Another piece of evidence that shows that the colonists were not justified to revolt is the cartoon from the Boston Massacre Documents, Source 3. In the cartoon it falsely depicts how the Boston Massacre happened. It shows a biased perspective of the colonists being gunned down and helpless. However, it does not show how the colonists were provoking and tormenting the British soldiers. Paul Revere, famous silversmith and illustrator of the cartoon, was a key member of the Sons of Liberty, a group whose main purpose was to protect the rights of the colonists and to fight taxation by the British government explain group's militant purpose. On March 5th, 1770, the cartoon was published in the King Street Boston. Revere attempts to illustrate the colonists being massacred in order to convince the people of the tyranny of Britain. Document 3 in the Boston Massacre documents does not give a reliable source of what happened, instead it provides a one-sided picture. The circumstances that probably influenced such a biased cartoon is that at that time they were looking for any reason to be angry at the British. So you wanted to sell a newspaper where it wrongly depicts the Boston Massacre that would be exactly what the public want to see. Furthermore Document 3 proves that the colonists were not justified...
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...The Boston Massacre By: Sheraveen and Javier 8D What: The Boston Massacre is a street fight between rebellions/ patriot mobs(local workers, sailors,etc) which were throwing snowballs, stones, and sticks and a squad of British soldiers. It killed 5 British colonists including Crispus Attucks, a man of black or Indian parentage. Who: British soldiers and rebellions such as the local workers, sailors, etc When: It occurred during 5 March 1770 Where: City of Boston, in the street How it happened: The Boston Massacre occurred when around 50 citizens attacked a british soldier. The British soldiers then attacked the rebellions. It was because the citizens doesn’t like the British soldiers in their town. It was because of the tax that was heavily...
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...The Boston Massacre, also known as the “Incident on King Street,” occurred on March 5, 1770 in Boston, Massachusetts. Before the Boston Massacre occurred, colonists were irate due to the Townshend Acts which was created by the British that put tax on tea, glass, lead, paints, paper goods, and many other common items. These items would be made in Britain and the exported to the colonies; therefore, Britain decided to put a tariff on these items, which included a fee for exporting and trade. The colonists were irate because they were British citizens. The Boston Massacre began with a small argument between British Private Hugh White and a few colonists outside the Custom House in Boston on King Street. The argument escalated, more colonists gathered and began to harass Private Hugh White by throwing sticks and snowballs at him. Colonists continued to increase in numbers until there were over 50 colonists at the scene and soldiers were sent to the Custom House to maintain the argument....
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...almost certain that Preston didn’t order his men to fire, he would have faded into the mists of history, had his innocence not been later challenged during the American Revolution. Patriots idolised and misconstrued the incident; John Adams claims it laid “the foundation of American independence” from their British tyrants. Their flawed imageries of the so-called ‘Boston Massacre’ reverberated across the Thirteen Colonies, and it’s the idealism they propagated more so than the incident itself which stirred colonists to revolting against the Crown. The odds had never in Preston’s favour that faithful night, indeed it was a mixture of the provocative taunts from the ever-swelling crowd and the darkness that befell the pre-electric Boston streets that make faithful recollections difficult to obtain. However unfortunate the consequences of the incident, it is nearly certain that Preston hadn’t issue the command to fire. Whilst undisputed are the facts that the guards’ muskets were half-cocked and bayonets charged against the furious crowd, it would have betrayed Preston’s honour to fire. This is...
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...The Boston Massacre was a street fight that occurred on March 5, 1770, between a "patriot" mob, throwing snowballs, stones, and sticks, and a squad of British solders. On the cold, snowy night of March 5, 1770, a mob of American colonists gathers at the Customs House in Boston and begins taunting the British soldiers guarding the building. The commanding officer at the Customs House, ordered his men to fix their bayonets and join the guard outside the building.The colonists responded by throwing snowballs and other objects at the British regulars, and Private Hugh Montgomery was hit, leading him to discharge his rifle at the crowd. Boston , the capital of the Province of Massachusetts Bay and an important shipping town, was a major center of resistance to unpopular acts of taxation customs officials seized the Liberty , a sloop owned by leading Boston merchant John Hancock , on allegations that the ship had been involved in smuggling. The crowd continued to press around the soldiers, taunting them by yelling, "Fire!", by spitting at and throwing snowballs and other small objects at them. [ 23 ] Richard Palmes, a local innkeeper who was carrying a cudgel (ie, club), came up to Preston and asked if the soldiers' weapons were loaded. He recovered his weapon, and was thought to angrily shout "Damn you, fire!", then discharged it into the crowd though no command was actually given. Palmes swung his cudgel first at Montgomery, hitting his arm, and then at Preston. He narrowly...
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...The story of Paul Revere’s midnight ride is a tale of heroic acts and achievements. In 1775 Paul Revere was employed as an express rider by the Boston Committee of Correspondence and the Massachusetts Committee of Safety. His job was to carry news bulletins, and messages into New York and Philadelphia. On the evening of April 18, 1775, Dr. Joseph Warren requested Paul Revere to ride into Lexington, Massachusetts, to warn Samuel Adams and John Hancock that a unit of the Royal army was marching into town with the purpose of arresting them. After gaining access into Charlestown with the aid of two associates, Paul Revere borrowed a horse from his friend Deacon John Larkin. While in Charlestown, he confirmed that the "Sons of Liberty"...
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...mob that was tormenting the soldiers at the guard post causing them to fire upon the mob. He was trying to start an anti-british movement by portray lies. Overall, the colonists were the reason the Boston Massacre occurred. It all started because the colonists were tormenting and yelling fire to the British soldiers. The soldiers were simply trying to do their jobs without causing any harm to any civilians. If the mob of colonist would have been civil, no deaths would have occurred that night. Any source that tries to blame the soldiers leaves out information of the colonists tormenting them. Works Cited “Other Boston Massacre Trial Depositions.” Accessed on October 17, 2017. http://www.bostonmassacre.net/trial/d-more.htm Paul Revere. "The Bloody Massacre." Accessed on October 16, 2017. https://www.gilderlehrman.org/sites/default/files/inline-pdfs/The%20Bloody%20Massacre_0.pdf “The Trial of Captain Preston: Key Evidence.” Accessed on October 17, 2017. http://law2.umkc.edu/faculty/projects/ftrials/bostonmassacre/prestontrialexcerpts.html ...
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...The frigid night air seared his lungs as he hastened to deliver the news. The rhythmic beat of his horse's hooves on the dirt path paralleled his heart which beat with all the gusto of the Energizer bunny. He could feel the icy shadow of the hulking vessel in the ebony waters behind him. He had planned for this, nevertheless he couldn’t quell the hurricane of butterflies doing the jive in his stomach. Expunging his doubts, he urged his horse faster with a quick tap of his heel; the regulars weren’t far behind. Paul Revere’s ride and the Revolutionary War had begun. Much like Longhorns and Sooners, Historians don’t share the same perspective which is why they haven’t been able to agree on the exact causes of the Revolutionary War. The first to interpret the war were those who survived it. Nobody ever won a war by acknowledging that they were wrong, so early historians claimed that insurmountable differences between the political ideologies of the colonists and the British caused the war. This interpretation aligned with propaganda like Paine’s “Common Sense” and highlighted the absurdity of an island governing a continent. This interpretation was a product of its time; the colonists needed symbols to provoke patriotism and unity. Just as the United States was dipping its toe in the pool of imperialism, a new interpretation gained popularity. This imperial interpretation analyzed the war from Britain’s perspective and concluded that British attempts to control colonial life were...
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... What would you do if you were faced with a decision that could be between life and death, when you had no friends to cheer you up, nor a family to help you, and no God to shine his face upon your own? Johnny should not have shown his cup to Mr. Lyte for three reasons: He could have been accused of theft, become a Whig, or have lost all his old friends. The first reason Johnny should not have shown his cup to Mr. Lyte is that he could have been accused of theft. Johnny had already been told by his friend Rab that Mr. Lyte was a very crooked man, and for Johnny to assume a place at Mr. Lyte’s right hand would simply be given to him without question was a very idiotic hypothesis. Johnny should not have even tried to open up such diplomacy, for it would have been nothing for a man like Mr. Lyte to simply snap his fingers and send Johnny to the gallows. The second reason Johnny should not have shown his cup to Mr. Lyte is that he would have lost old friends. If Johnny had succeeded and was welcomed into the Lyte’s formidable household Johnny’s social life would have been carefully directed by Mr. Lyte and him alone. For one thing, the respected Whig would never allow Johnny to associate with Rab or other patriots like him. Also Johnny would not be able to choose friends for himself and this includes Cilla---but who cares about goggle eyed pigs anyhow? The third reason Johnny should not have shown his cup to Mr. Lyte is that he would have to become a Whig! Even if Johnny had...
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