Rental Income statement

269-271 East Houston Street a.k.a 188 Suffolk Street, New York

Unit Tenant Lease Ends Status
Layout
Rent
         
Commercial Store Houston St. Vacant Vacant Vacant 1000 Sq Ft
$13,000
Commercial Store Suffolk St. Vacant Vacant Vacant 1250 Sq Ft
$10,000
Poster Income National Promotions Inc. 09/30/2010    
$700
Cell Tower Metro PCS 15 Yrs  

$2,500
Apt. #1A Occupied 01/31/2009 FM
1 BR
$2,100
Apt. #1B Occupied 01/31/2009 FM
2 BR
$3,100
Apt. #1C Occupied 12/31/2009 RS
2 BR
$1,457
Apt. #2A Occupied 08/31/2009 FM
1 BR
$2,100
Apt. #2B Occupied 04/30/2009 FM
2 BR
$3,100
Apt. #2C Occupied 05/31/2010 RS
2 BR
$689
Apt. #3A Occupied 03/19/2009 FM
1 BR
$2,000
Apt. #3B Occupied 04/30/2010 RS
2 BR
$1,543
Apt. #3C Occupied 03/31/2009 FM
3 BR
$3,850
Apt. #4A Occupied 09/30/2008 RS
1 BR
$586
Apt. #4B Occupied 06/30/2010 RS
2 BR
$1,134
Apt. #4C Renovating N/A FM
3 BR
$3,850
Apt. #5A Owner Month-Month FM
1 BR
$2,100
Apt. #5B Occupied 12/14/2009 FM
2 BR
$3,100
Apt. #5C Occupied 04/30/2009 RS
2 BR
$1,133
          
 
  Total Monthly Rental Income      
$58,042
         
 
Expenses  
 
         
 
Gas & Electric        
$30,878
Real Estate Tax (08/09)        
$46,151
Water/Sewer Tax        
$5,658
Insurance        
$5,300
Repairs        
$4,789
Professional        
$1,000
Supplies        
$989
Superintendent        
$3,600
         
 
  Total Yearly Expenses    
$98,365
          
 
  Gross Annual Income
$696,504
  Annual Expenses
$98,365
  Net Operating Income  
$598,139
          
 
ASKING PRICE: $9,000,000
Actual CAP Rate: 6.64%