Income |
|
Common charges, including special assessment |
1,441,356 |
Less: |
|
Cooperative abatement |
(89,394) |
STAR and senior citizen refunds |
(8,285) |
Common charges, net |
1,343,677 |
Laundry |
9,900 |
Sublet fees |
39,026 |
Misc |
8,599 |
Interest |
1,903 |
Total income |
1,403,105 |
Operating expenses |
|
Real estate taxes |
566,777 |
Less: |
|
Cooperative abatement |
(89,394) |
STAR and senior citizen refunds |
(8,285) |
Real estate taxes, net |
469,098 |
Water and sewer |
34,168 |
Interest, including prepayment penalty |
225,647 |
Management fees |
32,200 |
Payroll, payroll tax and employee benefits |
286,945 |
Insurance |
49,662 |
Gas and electric |
25,670 |
Fuel |
122,389 |
Office and administrative |
9,312 |
Repairs and maintenance |
87,676 |
Legal and professional fees |
10,555 |
Total operating expenses |
1,353,322 |
Income (loss) before depreciation, amortization and income taxes |
49,783 |
Depreciation and amortization |
64,894 |
Provision for income taxes |
6,708 |
Net income (loss) |
(21,819) |