Clinton Housing Development Company (CHDC)
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501 West 52nd St.

Distribution Demographics
Studios 5 Existing Tenants 10
One Bedrooms 13 Low/Moderate Income 16
Two Bedrooms 9 Management 1
Total 27 Total 27
*2 commercial spaces not included

Development Costs Financing
Acquisition 1,538,000 Private: 52/10th Associates LLC 6,364,358
Soft Costs 894,500 Total 6,364,358
Construction 3,880,000
Capital Reserves 51,858
Total

6,364,358

Construction Cost per Unit: 143,704
Total Development cost per unit: 235,717

Annual Expense Annual Income
Operating 169,098 Rental Income 184,005
Commercial Income 43,785
Interest Income 749
Net Revenue

228,539

Surplus/Deficit 59,442
Operating Coverage 135%