Income |
|
Common charges, including special assessment |
1,233,218 |
Less: |
|
Cooperative abatement |
(90,722) |
STAR and senior citizen refunds |
(8,788) |
Common charges, net |
1,133,708 |
Laundry |
9,075 |
Sublet fees |
45,877 |
Misc |
11,651 |
Interest |
596 |
Total income |
1,200,907 |
Operating expenses |
|
Real estate taxes |
570,883 |
Less: |
|
Cooperative abatement |
(90,722) |
STAR and senior citizen refunds |
(8,788) |
Real estate taxes, net |
471,373 |
Water and sewer |
46,854 |
Interest, including prepayment penalty |
270,177 |
Management fees |
34,800 |
Payroll, payroll tax and employee benefits |
295,261 |
Insurance |
50,031 |
Gas and electric |
25,541 |
Fuel |
108,222 |
Office and administrative |
11,679 |
Repairs and maintenance |
59,374 |
Legal and professional fees |
16,461 |
Total operating expenses |
1,389,773 |
Income (loss) before depreciation, amortization and income taxes |
(188,866) |
Depreciation and amortization |
74,900 |
Provision for income taxes |
7,522 |
Net income (loss) |
(271,288) |