Escape Safely to The Ground!

You find yourself trapped at top an 800 foot tall building. The surrounding land is completely flat, plus there are no other structures nearby. You need to get to the bottom, uninjured, and can only safely fall about 5feet.

You look down the four walls; they are all completely smooth and featureless, except that one of the walls has a small ledge 400feet above the ground. Furthermore, there are two hooks, one on this ledge, and one directly above it on the edge of the roof. The only tools you have are 600feet of rope, and a knife.

 How do you get to the bottom? 

This should be your strategy!