Detailed Income and Expense Report

179 East 3rd Street, New York, NY 10009
Revenue:
   
Unit
Status
Size
 Lease Term
Monthly Rent
East Store 05/31/2009
$3,000
East Store
Can de delivered vacant
$4,000
West Store - Wanda Pet Food
10/14/2011
$5,500
Front Office/Bsmt - Animal Steele Productions Month to Month
$3,000
Front Office/Bsmt - Jambetta Music Inc. Month to Month
$2,000
Side Office/Bsmt - Last Poets
Month to Month
$1,200
1
FM
2 BR
New Tenant
$3,050
2 & 3
FM
2 BR, 2 BATH
Owner Occupied*
$4,800
4
FM
2 BR
08/05/2009
$2,895
5
RS
1 BR
08/14/2009
$1,049
6
FM
2 BR
5/14/2009
$3,025
7
RC
2 BR
N/A
$104
8
RS
Conv. 2 BR
10/31/2009
$974
9
FM
2 BR
09/13/2009
$3,100
10
FM
2 BR
07/14/09
$2,850
11
FM
1 BR
11/13/2009 *
$2,300
12
FM
2 BR
06/30/2009 *
$2,775
13
FM
2 BR
08/31/2009 *
$2,925
14
FM
Conv. 2 BR
04/30/2009 *
$1,093
15
FM
2 BR
08/21/2009 *
$2,825
16
RS
2 BR
12/09/2008
$788
17
FM
Conv. 2 BR
08/19/2010 *
$2,475
18
FM
2 BR
03/31/2009 *
$2,025
19
FM
2 BR
03/19/2009 *
$3,050
20
RS
Conv. 2 BR
04/30/2009
$616
21
FM
2 BR
RENOVATING *
$3,050
22
RS
2 BR
06/30/2009
$1,072
23
RS
Conv. 2 BR
01/31/2009 *
$1,778
24
RS
2 BR
04/30/2010
$676
25
FM
2 BR
08/19/2009
$2,895
26
FM
Conv. 2 BR
6/14/2009 *
$2,375
27
RC
2 BR
N/A
$162
28
RS
2 BR
09/30/2009
$905
29
FM
1 BR
07/14/2009
$2,375
30
RS
2 BR
04/30/2009
$717
31
FM
2 BR
12/31/2010
$3,200
32
RS
Conv. 2 BR
04/30/2009
$622
33
RS
2 BR
05/31/08
$972
      Total Monthly Income:
$83,219
 
Annual Rental Income:
$998,626
 
* Complete Renovated Apartments
     
Expenses:
   
Real Estate Taxes (06/07)
 
$70,852
Gas & Electric  
 
$34,622
Water/Sewer
 
$10,115
Insurance  
 
$19,784
Repairs  
 
$17,600
Professional  
 
$2,723
Supplies  
 
$2,360
Superintendent  
 
$5,200
   
Annual Total Expenses:
$162,718
   
   
Summary:
   
   
Gross Annual Revenue:
$998,626
   
Annual Expenses:
$162,718
   
Net Annual Income:
$835,908
   
   
ASKING PRICE: $13,650,000
Actual CAP Rate: 6.12%