*Three Residential Units Plus One Commercial/Restaurant)*
-The commercial space is currently occupied and renting for $7,000/month.
-The three residential units above are all 3-Bedroom/1 Bath. All three units are RENT STABILIZED.
-The owner of 911 Dekalb previously benefited from the J-51 Tax Abatement, which is why the
residential units are rent stabilized. The tax abatement has since expired. The residential units
become free-market the moment they are vacant.
-The commercial space is on a 3-year lease with a 2-year option. There will be 3% increases yearly,
including the option years. The tenant will also be paying one-third of the building's real estate taxes.

*Annual Expenses*
-Taxes - Total of $5,513 ($1,838 paid by the commercial tenant)
-Fuel/Heat - $9,100
-Electric (Common) - $2,750
-Water/Sewer - $3000 (Estimate)
-Insurance - $2,000 (Estimate)
Total Annual Expenses - $20,525

*Actual Income*
Residential Units Plus Commercial - $10,468.48/month
Yearly Income - $125,621.76 Annually.
Net Income- $105,096.76

*Zoning/Lot*
-R6A, C2-4
-19.5 x 80 Lot (1560 sqft.)

The current cap rate for the property is 6.37%. All residential units become free-market the moment they are vacated.