PS 109, Harlem, NYC, NY - 4 Percent Model Artspace Projects, Inc.
OPERATING EXPENSE - RESIDENTIAL       64 UNITS
						64
				Total	Per Unit
ADMINISTRATON
Advertising				0		0
Management Fee		6.95%		46,400		725.00
Legal				11,350		177.34
Audit				0		0
Telephone				1,280		20.00
On Site Management Payroll				46,400		740.00
Office Supplies				0		0
Partnership Management Fee				0		0
TOTAL ADMINISTRATION				106,390		1,662
MAINTENANCE
Elevator Maintenance Contract				4,500		70.31
Fire and Safety Contracts				0		0
Exterminating				0		0
Rubbish Removal				0		0
Other Contract Services				0		0
Janitor Supplies				12,500		196.88
Maintenance Supplies				25,000		406.25
Grounds Maintenance				0		0
Snow Removal				0		0
Heat and A/C Repair Services				0		0
General Repair Services				0		0
Paint/Decorating Materials				10,080		157.50
Maintenance and Janitor Pay				0		0
Miscellaneous				0		0
Other Maintenance and Operating				0		0
TOTAL MAINTENANCE				53,180		831
UTILITIES
Electric				24,660		385.31
Water and Sewer				32,780		511.88
Exterminating				63,000		984.38
TOTAL UTILITIES				120,420		1,882
PROPERTY COSTS
Interest				0		0
Insurance				35,750		558.59
Real Estate Taxes				0		0
Other				0		0
Other - Reserves				16,250		254.00
TOTAL PROPERTY COSTS		1.31%		52,000		813
ANNUAL OPERATING EXPENSES - RESIDENTIAL				331,990		5,187
ANNUAL OPERATING EXPENSES - COMMERCIAL				30,000
ASSET MANAGEMENT FEE				0
TOTAL ANNUAL OPERATING EXPENSES				361,990
TOTAL MONTHLY OPERATING EXPENSES				30,166