Bankruptcy Sale_60 West 91st Street Offering Memorandum
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MANHATTAN<br />
FINANCIAL OVERVIEW<br />
<strong>60</strong> <strong>West</strong> <strong>91st</strong> St, New York, NY<br />
<strong>60</strong> W 91ST ST<br />
MANHATTAN<br />
FINANCIALS<br />
RENT ROLLS<br />
INCOME<br />
PROJECTED GROSS INCOME $181,935<br />
VACANCY & COLLECTION LOSS (3%) ($5,458)<br />
PROJECTED EFFECTIVE GROSS INCOME $176,477<br />
UNIT Status OCCUPANCY MONTHLY RENT ANNUAL RENT<br />
A* RS Owner Occupied $1,681.62 $20,179.44<br />
B RS Vacant $882.35 $10,588.20<br />
C** FM Occupied $2,000.00 $24,000.00<br />
D FM Vacant $2,000.00 $24,000.00<br />
E FM Vacant $2,000.00 $24,000.00<br />
F*** RC Occupied $884.50 $10,614.00<br />
EXPENSES<br />
RE TAXES (2021) $82,173<br />
WATER & SEWER $9,180<br />
FUEL $9,000<br />
ELECTRIC $900<br />
INSURANCE $2,642<br />
G FM Vacant $2,000.00 $24,000.00<br />
H RS Vacant $1,523.96 $18,287.52<br />
I RS Vacant $2,188.81 $26,265.72<br />
TOTAL $15,161.24 $181,934.88<br />
* Comprised of the first floor and the basement. Debtor occupied. Should be vacant or sold free<br />
and clear of interest.<br />
** Debtor did not have the authority to sign a lease extension in June therefore lease is not valid<br />
and unit can be delivered vacant.<br />
***Open to relocation<br />
PAYROLL $4,500<br />
REPAIRS & MAINTENANTCE $4,500<br />
MANAGEMENT $5,228<br />
OPERATING EXPENSES $118,123<br />
NET OPERATING INCOME $58,354<br />
14 | <strong>60</strong> W <strong>91st</strong> St, New York, NY<br />
<strong>60</strong> W <strong>91st</strong> St, New York, NY | 15
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