Rental Income Statement.

189 East 3rd Street, New York, NY 10009. Block: 399/Lot: 43

Revenue:    
Unit
Size
Status
Lease Term
 Monthly Rent
Comm / Bar / Restaurant   12/31/08
 $8,240
1
Studio
RS
07/31/09
 $622
2
Conv. 2BR
FM
07/31/09
$2,325
3
2 BR
FM
New Tenant
 $2,800
4
Studio
FM
04/04/09
 $1,600
5
Conv. 2BR
RS
07/31/09
 $603
6
2 BR
RS
03/31/10
 $1,587
7
Conv. 1BR
RS
06/30/10
 $1056
8
Conv. 2BR
RS
07/31/09
 $599
9
2 BR
RS
01/31/10
 $2,114
10
Conv. 1BR
RS
05/31/09
 $1,090
11
1 BR
RS
07/31/09
 $720
12
2 BR
RS
07/31/09
 $603
13
Conv. 1BR
RS
11/30/09
 $992
14
Conv. 2BR
FM
07/14/09
 $2,400
15
2 BR
RS
07/31/09
 $717
16
Conv. 1BR
RS
02/28/09
 $1,654
       
 
  Monthly Rental Income :
 $29,722
 
 
  Annual Gross Revenue:
 $356,664
       
Expenses:    
Real Estate Taxes (06/07)  
 $50,863
Water/Sewer    
 $7,129
Insurance    
 $5,300
Gas & Electric    
 $23,902
Repairs
   
 $8,800
Super
   
 $5,200
Professional    
 $1,000
Supplies
   
 $789
 
  Annual Total Expenses:
 $102,983
 
   
Summary:    
 
  Gross Annual Revenue:
 $356,664
 
  Annual Expenses:
 $102,983
 
  Net Annual Income:
 $253,681
         
ASKING PRICE: $4,900,000
CAP Rate: 5.18%