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13 December 2009 | 0 replies
The building is in good condition.Lot Dimensions: 24.9x77.73Building Size: 5 stories plus basementProperty type: C7-Walkup over 6 families and storesNo. of Units: 9 (8 residential/ 1 Retail-bar)Gross Sq.Ft: 8,588Lot Size: 1,919Zoning: C1-8AAllowable FAR: 7.52 (currently 4.59)Additional FAR: 7,350 Air space rightsYear built: 1920 (major renovations and upgrades 1988)RE Taxes: $64,622Operating Income--------------------------------------------------------Unit|Tenant Status| Size| Monthly|Annual--------------------------------------------------------Basement (business)1919Ground (business)1919$19,991$239,8912Emonth to month2bdrm$3500$42,0002Wmonth to monthstudio$1800$33,6003ERent controlled1bdrm$140$16803WRent Stablized1bdrm$1140$13,6804Emonth to month2bdrm$3200$38,4004Wmonth to month1bdrm$2400$28,8805ERent controlled1bdrm$157$1,8845Wmonth to month1bdrm$2800$33,600Gross Operating income: $32,168 monthly and $433,615 annuallyExpenses-------------------------------------------------------Expense|Cost-------------------------------------------------------Taxes$64,662water$2,500fuel$10,000electric$2,500super$2,400maintenance$7,000insurance$7,350management (3%)$13,006Total expenses:$109,878Net operating income: $323,737The building apartments do need cosmetic and asthetic upgrades, I am told by the realtor that the upgrades run in total between 30k - 50k per apartment.current cap rate based on latest accepted offer: 5.9%least cap rate I am willing to accept to make an offer: 10%Real estate owner is also selling the bar that consumes the ground floor and basement of the building.
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31 January 2010 | 2 replies
I could not find a bookcase, etc. larger than the dimensions of the gap to put there, and it drove me crazy.
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14 July 2021 | 96 replies
(i.e will closed properties show up as actively for sale, with accurate dimensions (more or less)?
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9 December 2009 | 10 replies
It didnt work for me but maybe I did it wrong.Most ALL flat roofs need to be reconstructed to pitched roofs.What is the dimensions?
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4 January 2010 | 14 replies
This will be adding a new dimension to our skill sets.
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9 January 2010 | 2 replies
Assuming that those are about 10"-12" tiles I'd probably find or build a bookshelf/cabinet, about 3' high, with the base, if not the entire thing, the exact dimensions of the gap.
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26 September 2010 | 46 replies
Electric water heaters usually aren't extremely expensive.Save yourself some grief though and find one with the same dimensions as the one you're replacing (height and width).
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10 August 2009 | 21 replies
To further clarify the "every job is unique" comment, every job is unique to different contractors because every contractor has their own preferred brand of equipment.A Goodman furnace will have different supply plenum dimensions that what would be seen with a Trane, Arcoaire, or Lennox.
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9 November 2009 | 7 replies
Picture the floor plan being laid in two-dimensions on paper as I describe this.
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19 August 2009 | 13 replies
Congratulations on a great deal.You should speak with the building department about minimum bedroom dimensions.