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1376 1414 Utica Ave_Exclusive Offering Memorandum

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RENT ROLL: ACTUAL<br />

Financial Overview<br />

Address Gross Rentable SF Monthly Rent Annual Rent RPSF<br />

<strong>1414</strong> <strong>Utica</strong> <strong>Ave</strong>nue<br />

Blend of Ground Floor and Below Grade Space 10,080 $ 19,333 $ 232,000 $ 23<br />

<strong>1376</strong> <strong>Utica</strong> <strong>Ave</strong>nue<br />

Vacant Lot/Parking 3,000 $ 1,750 $ 21,000 $ 7<br />

Total 13,080 $ 21,083 $ 253,000 $ 19<br />

INCOME AND EXPENSES<br />

<strong>Utica</strong> <strong>Ave</strong>nue Income & Expenses:<br />

Gross Revenue: $253,000<br />

Operating Expenses:<br />

RE Taxes:<br />

$72,723<br />

Insurance:<br />

$8,500<br />

Utilities:<br />

$9,000<br />

Repairs and Maintenance:<br />

$7,500<br />

Water & Sewer:<br />

$5,000<br />

Management Fees: $7,200<br />

Total Operating Expenses: $109,923<br />

Net Operating Income (NOI): $143,077<br />

NOI Margin %:<br />

56.5%<br />

10 11

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