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CoveView Estates at Rhinebeck Dutchess County, New York 12572 |
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CoveView Estates at Rhinebeck Dutchess County, New York 12572 |
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26-Unit Townhouse-style Apartment Complex
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| Unit Mixture: |
5 - Large Two Bedroom units (two w/large sundeck) 3 - Jr. One Bedroom Townhouse Units 8 - Large One Bedroom Townhouse Units 10 - Jr. 4 Room, 1BR + den Townhouse-style ** Features include: Wide-plank floors, timber trim, skylites and sundeck. |
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Income and Expense Statement: |
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| Present Rent Roll | Pro Forma | ||
| Gross Annual Rent Roll: | $280,000 | $294,900 | |
| Real Estate Taxes: | $24,722 | ||
| Repairs and Maint: | $10,500 | ||
| Insurance: | $7,100 | ||
| Fuel: | $19,000 | ||
| ** (Note 8 Units pay their own heat) | |||
| Electric: | $3,400 | ||
| Garbage Removal: | $4,500 | ||
| Septic / Water System / Maint: | $3,500 | ||
| Snow/Landscape: | $3,000 | ||
| Super/Manager: | $9,600 | ||
| Total Expenses: | (-) $ 85,322 | ||
| Net Income: | $194,678 | $221,078 | |
| Price: | $2,600,000. (7.5 CAP) | ||
Market Rental Value:
| No. of Units | Unit Description | Market Rental Value | Total Monthly Income | Total Annual Income |
| (4) Four: (1) One: (3) Three: (8) Eight: (10) Ten: |
2BR w/deck & Fireplace
Large 2BR - no deck Jr. 1BR Units 1BR Townhouses Jr. 4 Room - 2BR |
$1,150. = $950. = $775. = $900. = $950. = |
$4,600. $950. $2,325. $7,200. $9,500. |
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| Total Units: | 27 Rental Units | |||
| Total Projected Income: | 24,575. | 294,900. |
Westchester HarborView Realty Corporation
2406 Boston Post Road, Larchmont, NY 10538
tel.: 914-834-4488 | fax: 914-834-8065 | cell: 914-522-4498
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Subject to errors, omissions, prior sale, change in conditions and withdrawal from market, all without notice. No warranties either expressed or implied.
