PROJECTS
AT A GLANCE
353-355 West 30th Street
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Distribution |
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Demographics |
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SRO | 14 |
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Formerly Homeless | 19 |
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Studios | 18 |
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Community Referrals | 12 |
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One Bedroom | 1 |
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Resident Manager | 1 |
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Total | 33 |
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Resident Super | 1 |
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Total
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33
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Development Costs |
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Financing |
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Acquisition | 855,600 |
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Supportive Housing Loan Program | 3,696,147 |
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Soft Costs | 1,491,097 |
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Low Income Housing Tax Credit Equity | 1,232,049 |
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Construction | 3,316,500 |
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Macklowe Fund | 1,150,000 |
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Capital Reserves | 415,000 |
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Total | 6,078,197 |
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Total
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6,078,197
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Construction Cost per Unit: 100,500 Total Development cost per unit: 184,188
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Annual Expense |
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Annual Income |
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Operating | 237,664 |
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Rental Income | 228,744 |
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Commercial Income | - |
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Operating Subsidy | 68,083 |
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Net Revenue
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296,827
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Surplus/Deficit | 59,163 |
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Operating Coverage | 125% |
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