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Maintenance $ 755,308 $ 787,782
Laundry 9,600 9,600
Garage 36,250 42,840
Professional Apartment 5,536 5,536
Apartment Rental 16,200 18,600
Sublet Fees & Storage 18,000 26,700
Assessment - Operations 40,000 51,000
TOTAL INCOME $ 880,894 $ 942,058
EXPENSES
Mortgage Payments $ 154,980 $ 154,980
Payroll & Related Costs 80,000 83,000
Real Estate Taxes 282,000 300,000
Repairs & Maintenance 60,000 60,000
Supplies 20,000 18,000
Heat 45,000 52,000
Utilities 21,000 28,000
Water & Sewer 60,000 63,000
Insurance 84,000 110,500
Management 44,000 45,000
Audit & Legal Fees 11,500 12,000
Legal Fees-Certiorari 3,000 3,000
Permits & Fees 12,000 6,000
Franchise & Corporate Taxes 1,500 1,500
Contingency 1,914 5,078
TOTAL EXPENSES $ 880,894 $ 942,058
2525 NOSTRAND OWNERS CORP.
BUDGET FOR THE YEAR ENDING DECEMBER 31, 2023
AND BUDGET FOR THE YEAR ENDING DECEMBER 31, 2024
EXHIBITI C