Bankruptcy Sale_4811 5505 5507 Fifth Ave. Sunset Park_Exclusive Offering Memorandum
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FINANCIAL OVERVIEW<br />
<strong>4811</strong>, <strong>5505</strong>, & <strong>5507</strong> <strong>Fifth</strong> <strong>Ave</strong>. <strong>Sunset</strong> <strong>Park</strong>, Brooklyn, NY<br />
PORTFOLIO INCOME & EXPENSES<br />
FINANCIAL INFORMATION<br />
ANNUALIZED IN PLACE<br />
Revenue:<br />
Residential: $172,134<br />
Commercial $398,400<br />
Base Rental Revenue $570,534<br />
RE Tax Reimbursement $1,566<br />
Gross Revenue $572,100<br />
Vacancy Allowance $(28,605)<br />
Effective Gross Revenue $543,495<br />
Operating Expenses:<br />
RE Taxes (20/21) $59,740<br />
Insurance $19,143<br />
Water and Sewer $18,360<br />
Electric $1,472<br />
Fuel $31,060<br />
Payroll $32,400<br />
Management Fee (3% of EGR) $16,305<br />
Miscellaneous $5,400<br />
Repairs and Maintenance $13,500<br />
Total Operating Expenses $197,380<br />
Net Operating Income (NOI): $346,115<br />
26 | <strong>4811</strong>, <strong>5505</strong> & <strong>5507</strong> <strong>Fifth</strong> <strong>Ave</strong>. <strong>Sunset</strong> <strong>Park</strong>, Brooklyn, NY<br />
<strong>4811</strong>, <strong>5505</strong> & <strong>5507</strong> <strong>Fifth</strong> <strong>Ave</strong>. <strong>Sunset</strong> <strong>Park</strong>, Brooklyn, NY | 27
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