753 9th Avenue Offering Memorandum
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MANHATTAN<br />
FINANCIAL OVERVIEW<br />
<strong>753</strong> <strong>9th</strong> <strong>Avenue</strong>, New York, NY<br />
60 W 91ST ST<br />
MANHATTAN<br />
FINANCIALS<br />
RENT ROLL - 12 RESIDENTIAL UNITS<br />
INCOME<br />
Gross Income $691,983<br />
Vacancy & Collection Loss (3%) ($20,759)<br />
EFFECTIVE GROSS INCOME $671,223<br />
EXPENSES<br />
RE Taxes (2021) $145,000<br />
Water & Sewer $11,808<br />
Fuel $13,000<br />
Electric $1,800<br />
UNIT STATUS TYPE MONTHLY RENT ANNUAL RENT<br />
2A FM Studio $2,024 $24,288<br />
2B FM 1 Bedroom $2,350 $28,200<br />
2C FM 1 Bedroom $2,200 $26,400<br />
3A FM 1 Bedroom $2,400 $28,800<br />
3B FM 1 Bedroom $2,275 $27,300<br />
3C FM 1 Bedroom $2,200 $26,400<br />
4A FM 1 Bedroom $2,450 $29,400<br />
4B FM 1 Bedroom $2,500 $30,000<br />
4C RS 1 Bedroom $586 $7,030<br />
5A RS 1 Bedroom $1,970 $23,643<br />
5B FM 1 Bedroom $2,460 29,522<br />
5C FM 1 Bedroom $2,250 27,000<br />
$25,665 307,983<br />
RENT ROLL - RETAIL<br />
UNIT TENANT MONTHLY RENT ANNUAL RENT<br />
1 ATLAS SOCIAL CLUB $32,000 $384,000<br />
TOTAL<br />
# OF UNITS TOAL MONTHLY RENT ANNUAL RENT<br />
13 $57,665 $691,983<br />
Insurance $14,500<br />
Management $20,759<br />
Repairs, Maintenantce & MISC. $9,200<br />
OPERATING EXPENSES $216,067<br />
NET OPERATING INCOME $455,156<br />
14 | <strong>753</strong> <strong>9th</strong> <strong>Avenue</strong>, New York, NY<br />
<strong>753</strong> <strong>9th</strong> <strong>Avenue</strong>, New York, NY | 15
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