RPIE worksheet and Instructions NYC gov

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					RPIE - 2011
                   WORKSHEET
                  Real Property
                  Income and Expense
                  Worksheet and Instructions

                  The following document is NOT to
                  be submitted as your RPIE form.

                  You MUST file all RPIE forms elec-
                  tronically. This form is to be used
                  for worksheet purposes only.

             TM




Finance




RPIE-WORKSHEET                             nyc.gov/rpie
                      2011 REAL PROPERTY INCOME AND EXPENSE
                       WORKSHEET AND INSTRUCTIONS
             TM




Finance
                                   FILING DEADLINE: SEPTEMBER 4, 2012

The following document is NOT to be submitted as your RPIE form. You MUST file
all RPIE forms electronically. This form is to be used for worksheet purposes only.

                                       GENERAL INFORMATION
Owners of income-producing properties that have an actual assessed value of more than $40,000 are re-
quired to file Real Property Income and Expense Statements (“RPIE”) with the Department of Finance (“Fi-
nance”), unless the properties are specifically excluded from the filing requirements by law (See Section
D-RPIE Exclusions). Finance uses the information from these statements to estimate the market value of
property for tax purposes and may use RPIE data that is specific to a particular parcel or data from com-
parable properties. For this reason, owners of income-producing properties who are not legally required
to file an RPIE may still want to provide information about their properties electronically. The filing of com-
bined income and expense statements for contiguous non-condominium lots, in addition to combined in-
come and expense statements for contiguous condominium lots, is now allowed. See SECTION C -
CONSOLIDATED FILINGS for detailed information. Visit the Finance website at nyc.gov/rpieform.

If You Previously Claimed an RPIE Exclusion

To claim an exclusion from filing for the first time, you must complete Section D of the RPIE-2011-A form.
If you were excluded for RPIE-2010 you will not need to complete the RPIE-2011 if the basis of the ex-
clusion remains unchanged. If the property was purchased after September 1, 2011 but not after August
1, 2012, the new owner is required to file an RPIE-2011.



                                  IMPORTANT FILING INFORMATION
G   Online Filing Requirement -- All filers are legally required to file electronically unless Finance grants
    a waiver. Filers who wish to request a waiver from the electronic filing requirement should call 311 for
    an application. The deadline for electronic waiver requests is August 6, 2012.
G   Deadline -- The submission deadline for all RPIE filings is September 4, 2012.

CHANGES TO RPIE-2011
The Department of Finance has implemented several changes to this year’s RPIE instructions and form, includ-
ing allowing consolidated filings, suspending the rent roll submission requirement and reducing the volume of
information requested.


                                        CUSTOMER ASSISTANCE

If you have questions not covered in the RPIE Instructions or on the Finance web site please email Fi-
nance through our website or for general information, call 311.
                                                                                        RPIE-2011 Worksheet Instructions 08.16.12
Instructions for Worksheet RPIE-2011                                                                 Page 2

                             PART I: OWNER AND PROPERTY INFORMATION

  SECTION A – OWNER/FILER INFORMATION
  1a. Enter name(s) of up to two owners of the property.
  b./c. Enter each listed ownerʼs Employer Identification Number (EIN) or Social Security Number (SSN).

        The Federal Privacy Act of 1974, as amended, requires agencies requesting Social Security Num-
        bers to inform individuals from whom they seek this information as to whether compliance with the
        request is voluntary or mandatory, the legal authority to request the information, and how the in-
        formation will be used. Owners must provide their Social Security Number on this form under the
        authority of section 11-102.1 of the Administrative Code of the City of New York. The disclosure
        of Social Security Numbers for tenants is voluntary. Social Security Numbers are required to fa-
        cilitate the processing of real property income and expense data for tax administration purposes.
         The Social Security Numbers may be further disclosed to other departments or agencies, or to
        persons employed by such departments or agencies, only for such purposes, or as otherwise pro-
        vided by law or judicial order.

  2a. Enter the name of the person filing the RPIE. The filer may be an owner, owner representative,
      lessee or lessee representative who is authorized to provide this information and has knowledge
      of such information.
  b./c. Enter the filerʼs Employer Identification Number (EIN) or Social Security Number (SSN).
  d.    Use the dropdown box to select the filerʼs relationship to the property.


  SECTION B- CONTACT INFORMATION
  Provide contact information for the person who should respond to questions about this filing.


  SECTION C – CONSOLIDATED FILINGS
              (to access, first check box in Section A for consolidated lots)
  Eligibility for consolidated filings applies to two or more properties that:
        Are operated as a single economic unit;
        are located in the same borough;
  G



        share the same ownership; and,
  G



        are located on contiguous* lots.
  G

  G


  * Contiguous lots are defined as those that share either an edge or boundary, are neighboring, adjacent,
  or adjoining. This definition can include nearby lots within the same tax block or those separated by
  roads or paths.
  If your properties meet all the above criteria and you want to submit income and expense information
  in a consolidated filing, apportion the propertiesʼ income and expense using either square footage or
  number of units in the space provided. Select apportionment by a percentage of income to each lot in
  the space provided only if square feet or number of units is inappropriate for apportioning your prop-
  ertiesʼ income and expense.
Instructions for Worksheet RPIE-2011                                                                         Page 3



  SECTION D - RPIE EXCLUSIONS
  Finance encourages owners of income-producing properties who arenʼt required to file income and ex-
  pense statements to voluntarily complete the RPIE-2011-B electronically. By doing so, you are providing
  up-to-date information about your property, which helps Finance develop better estimates of market value.
  1.    If you believe you are not required to file, check the reason that explains why you are not required to
        file RPIE-2011. If you select a reason provided in items [a.] through [k.], and if the basis of the exclu-
        sion remains unchanged, you will not be required to file again until RPIE-2013 which is due in 2014.
        a.    The “final actual assessed value” is $40,000 or less. Refer to “Total Actual AV” as shown on
              the “Final Assessment Roll 2011-2012”.
        b.    The property is both exclusively residential and has 10 or fewer apartments. Your count must
              include all units, whether vacant or occupied.
        c.    The property has both six or fewer residential units and no more than one commercial unit. Your
              count must include all units whether vacant or occupied. For example, if your property has five
              residential and two commercial units, you do not qualify for the exclusion and are required to file.
        d.    Residential cooperative apartment buildings with no more than 2,500 square feet of commer-
              cial space (not including garage space). Owners claiming this exclusion must still complete
              the RPIE-2011 (Parts I and IV) to claim and certify this exclusion. An RPIE must be filed for
              any units that remain unsold and owned by the sponsor.
        e.    An RPIE is not required for residential space in a condominium building/development, except
              that an RPIE must be filed for any units that remain unsold and owned by the sponsor. For
              a residential condominium that has commercial and/or professional space, an RPIE must
              be filed for the commercial and/or professional space.
        f.    Related persons or entities include the following:
                   Business entities under common control
                   Fiduciaries and the beneficiaries for whom they act
              G



                   Spouse, parents, children, siblings and parents in-law
              G



                   Owner controlled business entities
              G

              G

        g.    The entire property is owner-occupied. This exclusion does not apply to owners of depart-
              ment stores of 10,000 square feet or more, hotels or motels (whether occupied in part or in
              their entirety), parking garages or lots, power plants and other utility-property, self-storage
              warehouses, gas stations, car washes or theaters.
        h.    The property is owned by a not-for-profit organization or government entity or is otherwise
              fully exempt from real property taxation and is not rented to any commercial, non-exempt ten-
              ants; if the property is rented to a commercial, non-exempt tenant, the filing requirement may
              be satisfied by the tenant or lessee filing an RPIE on behalf of the property.
        i.    The property is vacant or uninhabitable and has no existing leases. If there are any existing
              leases, the owner must file the RPIE.
        j.    “Vacant, non-income-producing land” applies to empty lots only.
        k.    The property was acquired on or after August 1, 2012 (not applicable for RPIE-2011. Prop-
              erties acquired during calendar year 2012 will not be required to provide income and ex-
              pense information for RPIE-2011).
        l.    You filed one or more of the exclusions detailed in items [a.] through [k.] on RPIE-2010 and
              it remains unchanged.
Instructions for Worksheet RPIE-2011                                                                         Page 4


  If you claimed exclusion(s), but still want to file income and expense information with the Department
  of Finance, select the check box at the end of Question 1.
  2.    You are required to file a partial year income and expense statement under the following circumstances:
        a.    You purchased this property in an arms-length transaction during the 2011 reporting period
              and a 12-month statement is not available.
        b.    The property was unoccupied and was under construction or renovation during part of the
              2011 reporting period.
        c.    The property could have been used but was entirely vacant (unoccupied) for one or more
              months during the 2011 reporting period.

  SECTION E – PROPERTY USE AND VACANCY INFORMATION
  1.    Description:
        a-c. Units - Enter the number of residential units and the number of commercial units. The total
             number of units will be calculated for you.
        d.    Number of Buildings - Where the property consists of more than one building (such as a
              condominium development, a parking garage complex, an apartment complex, or a shopping
              center), enter the total number of buildings that constitute the entire property for which this
              RPIE form is being filed.
        e-f. Outdoor/Indoor Parking Information - Enter the number of outdoor parking spaces and the
             number of indoor parking spaces.
        g.    Year of Purchase - Provide the year the property was bought or leased, or, if the building was built
              for the current owner, list the date of construction. Not required if the property is a cooperative.
  2.-13. Percentage Vacant: Indicate the percentage of each type of space that was vacant (unoccupied
         and un-leased, generating no income) as of the taxable status date, January 5, 2012. Percent
         vacant should be reported separately for each type of unit: totals may exceed 100%. For exam-
         ple, if you identify four use types, each with a vacancy rate of 30%, the total will exceed 100%.

  SECTION F - TO BE COMPLETED ONLY IF THE PROPERTY IS A COOPERATIVE OR
  CONDOMINIUM
  Information in this section must be current as of the last day of the reporting period.
  1.    List the number of occupied units that are unsold and still owned by the sponsor, cooperative or
        condominium and provide the annual income received.
  2.    List the number of leased commercial units in the cooperative or condominium and the annual in-
        come received from these commercial units.
  3.    List the number of commercial cooperative and/or condominium units that are owner-occupied.

  NOTE: Do not include maintenance in SECTION F or SECTION J.

  SECTION G - TO BE COMPLETED ONLY IF THE PROPERTY IS A THEATER
  1.    Number of Theater Seats. Provide the total number of seats.
Instructions for Worksheet RPIE-2011                                                                      Page 5


  SECTION H - LEASE AND OCCUPANCY INFORMATION
  1.    a.     Indicate if the tenant pays all of the operating expenses, including the Real Estate Taxes
               (Triple Net Lease).
        b.    If the answer is “yes”, indicate the total annual rent paid to the owner.

  2     a.     Indicate whether any portion of the property is owner-occupied or occupied by a related party.
        b.    If you answer “yes” in 2, indicate the number of units occupied by the owner and by the su-
              perintendent.
        c.    Check the type of space and provide the corresponding percentage of owner-occupancy.

 PART II: INCOME AND EXPENSE STATEMENT (FOR ALL PROPERTIES EXCEPT HOTELS)

  Properties that had no income to report for 2011 (due to renovation, construction, being newly acquired,
  etc.) are not required to complete Part II.


  SECTION I - REPORTING PERIOD
  1-2. Indicate whether the RPIE filing is for a calendar, fiscal or partial year, and enter the start and end
       dates of the reporting period.
  NOTE: In Sections M through S, report the property's actual income and expenses. Do not list negative figures
        on the statement to reflect unrealized or potential income such as free rent, uncollected income or
        credits due. Finance will disregard any negative figures included on the income and expense statement.


  SECTION J – INCOME FROM REAL ESTATE
  For each applicable category of property and income, enter the number of units and annual income in
  the columns provided. Regulated apartments are subject to rent control and/or rent stabilization. For
  more information, please contact the Rent Guidelines Board at www.nycrgb.org.
  Number of Units - Number of rental units for each property type.
  Income - Total rent received for tenant occupied space.
  9.    Owner-occupied or Owner-related Space: Number of units that the owner or other filer uses for
        his/her own residence or business. Also, include any space occupied by persons or entities related
        to the owner or other filer (such as the superintendent), even if rent is charged.
  10. Ancillary Income:
      a. Operating Escalation Income – Any additional rent received above the base rent, as provided
           in the lease, for pass-throughs or increases in operating expenses, portersʼ wages, Con-
           sumer Price Index clauses, etc.
        b.    Real Estate Tax Escalation – Any additional rent received above the base rent, as provided
              in the lease, for pass-throughs or increases in real estate taxes.
        c.    Sales of Utility Services – Gross amount received from the sale of utilities and services, such
              as electricity, gas, steam, water, air conditioning, and telecommunications. Do not deduct
Instructions for Worksheet RPIE-2011                                                                      Page 6


             the landlordʼs costs.
       d.    Sale of Other Services – Gross amount received for laundry, valet services, vending ma-
             chines, etc.
       e.    Government Rent Subsidies – Portion of rent that comes from direct rent subsidies that are
             received, as well as any abatement of real estate taxes or carry-over amount that is received
             for the Senior Citizen Rent Increase Exemption (SCRIE), Federal Section 8 housing subsi-
             dies, and similar programs. Only the portion of rent that comes from government rent sub-
             sidies should be included in this section; any portion of rent that is paid by the tenant should
             be listed in lines 1 a. or 1 b.
       f.    Signage/Billboard – Amount received from renting any signage or billboard space anywhere
             on the property.
       g.    Cell Towers – Amount received for placing a cell tower or antenna anywhere on the property.
 11. Other: Any income generated by the property that has not been previously specified; typical ex-
     amples include common area maintenance income or common area rental charges. Do not in-
     clude interest on bank accounts or tenantsʼ deposits. You must itemize the sources of this income.
 12. Total Income from Real Estate: This line provides a calculation reflecting the sum of lines 1 through 11.


SECTION K - INCOME FROM BUSINESS
Complete this section only if the property is used to operate a business such as a theater, gas station,
department store, garage, parking lot, power plant, self-storage warehouse or car wash.
For each source of income listed in questions 1-7c., enter the corresponding total income for the 2011
reporting period. Total all income from lines 1 to 6 plus 7d (Net Department Store Sales) and the total
income from business will be calculated on line 8.
Net Department Store Sales will be calculated on line 7d by subtracting 7b from 7a and adding 7c (i.e.,
7a - 7b + 7c = 7d).


SECTION L - OPERATING EXPENSES
Use this section to report operating expenses for your property. Allowable expenses include those as-
sociated with providing services to tenants, property management and property administration.
Enter the total expenses for following items during 2011:
 1.    Fuel: Include fuel oil, gas or steam, including gas provided to tenants.
 2.    Light and Power: Include electricity, including electricity provided to tenants. Do not include elec-
       tricity consumed by the owner or other filer(s) for personal or business use.
 3.    Cleaning Contracts: Include contracts with cleaning-service companies or individual cleaners.
 4.    Wages and Payroll: Include all wages, related payroll taxes and employee benefits for building
       maintenance employees who work at the property. Do not include salaries of employees who
       work in any off-site management office.
Instructions for Worksheet RPIE-2011                                                                     Page 7


  5.    Repairs and Maintenance: Amounts paid or incurred for contracts with maintenance companies.
        Include any amounts that were paid for routine repair services and for material or parts used for
        repairs. Do not include reserves for replacements.
  6.    Management and Administration: Amount paid or incurred for contracts with a management com-
        pany. Include office expenses and legal/accounting services related to the operation of the prop-
        erty.
  7.    Insurance (annual): Annual charges for fire, liability, and other insurance premiums paid to protect
        the real property. Pro-rate multi-year premiums to calculate an average annual expense.
  8.    Water and Sewer: Amount paid or incurred for water and sewer frontage or usage.
  9.    Advertising: Amount paid or incurred for advertising space available for rent.
  10. Interior Painting and Decorating: Cost of contract services and materials for interior painting and
      interior decoration.
  11. Amortized Leasing and Tenant Improvement Costs (Leasing Commissions): Amounts for brokersʼ
      commissions and for tenant work done by the landlord. If the lease is for more than one year, the
      total brokerʼs commission and tenant improvement costs must be pro-rated to calculate the “an-
      nual” expense.
  12. Miscellaneous: The miscellaneous field should be reserved for expenses that canʼt be otherwise
      categorized, such as petty cash and sundry. Filers will be prevented from entering expense items
      that are ineligible. Please review the chart on page 9 for a list of frequently miscategorized ex-
      penses and corresponding expense categories.
  13. Total Expenses: Total expenses (the sum of lines 1 through 12).
  14. Expenses entered on this line will not be included in the calculation of Total Expenses in line 13.
      If you wish to include real estate taxes, bad debt, depreciation or mortgage interest, enter the
      total amount here.



              PART III: INCOME AND EXPENSE STATEMENT FOR HOTELS ONLY

  This income and expense statement is for hotel and motel properties only.


  SECTION M - REPORTING PERIOD
  1-2. Indicate whether the RPIE filing is for a calendar, fiscal or partial year, and enter the start and end
       dates of the reporting period.


  SECTION N - INCOME. Do not list any negative figures.
  3.    Provide the name of the hotel or motel.
  4.    List the total number of rooms in the hotel. For example, a 2-room suite counts as 2 rooms.
        a.    List the number of rooms that are available to be rented out nightly.
Instructions for Worksheet RPIE-2011                                                                 Page 8



        b.    List the number of rooms that have permanent or long-term tenants.
        c.    For number of keys, list the total number of hotel keys available. For example, a 2-room
              suite counts as 1 key.
        d.    Provide the average occupancy rate for the year.
  5.    Rental Tenants: Amount received for each of the following categories: apartments (including per-
        manent tenants), stores, restaurants, offices and any other leased areas. Exclude rent from ten-
        ants related to the property owner.
  6.    Signage/Billboard: Amount received from renting any signage or billboard space anywhere on
        the property.
  7.    Cell Towers: Amount received for placing a cell tower or antenna anywhere on the property.


                                       PART IV – RPIE CERTIFICATION

  The Department of Finance is not requiring a rent roll submission for RPIE-2011. If you wish to volun-
  tarily submit a rent roll for RPIE-2011, click on the appropriate link.
  To successfully submit your RPIE filing you must certify the information by clicking “Sign and Submit”.
  If you do not complete this step you will not be in compliance with the RPIE filing requirement.
Instructions for Worksheet RPIE-2011                                                        Page 9


     MISCELLANEOUS EXPENSE CATEGORIES CHART
        Miscategorized                    Correct          Miscategorized               Correct
    Miscellaneous Expense                Category      Miscellaneous Expense           Category

 Advertising related to specific                     A/C repairs or upkeep
 property rentals                                    Air conditioning repairs
 Newspaper ads                                       or upkeep
 NYC illuminated sign charge           Advertising   Alarm system maintenance
 Promotional ads                                     Appliance repairs
 Television ads                                      Asbestos maintenance
                                                     Asphalt repair
 Cleaning Service Contract             Cleaning      Boiler repairs
                                       Contracts     Building repairs
                                                     Burglar and fire alarm system
 Con Ed Steam                                        maintenance
 Gas for heating                       Fuel          Carpenters
 Oil                                                 Chemicals for cleaning
                                                     Cleaning Service
 Boiler explosion premium                            Cleaning Supplies
 Fire premium                                        Electrical system repairs
 Liability premium                     Insurance     Electricians
 Rent fidelity bonds premium                         Elevator repairs
 Theft premium                                       Emergency repair service
                                                     Equipment rental
 Brushes                                             Exterior painting               Repairs
 Decorating                                          Exterminator/Pest Control       and
 Interior Painting                     Interior      Gardening                       Maintenance
 Labor for interior decorating         Painting      Gas service
 Paint                                 and           General maintenance
 Painting and Plastering               Decorating    and repairs
 Spackling                                           Glaziers
 Wallpaper                                           Graffiti removal
                                                     Hall maintenance
 Amortized leasing commissions                       Hardware
 Brokers' fees                                       HVAC
 Consultants' fees                     Leasing       Insecticide
 Leasing agent's fees                  Commissions   Intercom repairs
 Leasing contracts                                   Iron work
 Prorated leasing commissions                        Janitorial Services
                                                     Janitorial Supplies
 City and State utility tax                          Landscaping
 Electricity                           Light         Lawn
 Gas for cooking stove                 and           Lobby Maintenance
 NYC and NYS utility tax               Power         Locksmiths
                                                     Masonry
                                                     Outside labor
                                                     Parking lot repairs
Instructions for Worksheet RPIE-2011                                                               Page 10

        Miscategorized                    Correct             Miscategorized                Correct
    Miscellaneous Expense                Category         Miscellaneous Expense            Category

 Accounting Fees                                        Plastering
 Administrative fees                                    Plumbers
 ADT computer payroll service                           Plumbing repairs
 Association dues                                       Pointing ($500 or less)
 Auditing                                               Pollution repairs
 BID fees                                               Refrigeration repairs
 Bookkeeping fees                                       Roof repairs
 Building registration fee                              Safety devices
 Carting                                                Sidewalk repairs                 Repairs
 Certified mail                                         Smoke detectors                  and
 Collection fees                                        Snow removal                     Maintenance
 Computer processing                                    Sprinkler system maintenance
 Consultation fees                                      Stairwell maintenance
 Credit Card Fees                                       Supplies necessary for
 Credit Check                                           maintenance and repairs
 Data processing costs                                  Swimming pool maintenance
 DHCR Monitoring                                        Tile repairs
 Directory service                                      Waterproofing
 Dispossess filing fees                                 Welders
 Dues                                                   Window cleaning
 Elevator service contract                              Window guards
 Environmental protection              Management
 Escalation billing service            and              Disability welfare
 Eviction fees (accept $1000           Administration   Employee benefits
 and under)                                             Federal unemployment insurance
 Food for watchdogs                                     Federal, State and City
 General office expense                                 withholding tax
 Inspections (boilers, elevator,                        FICA social security tax
 fire, etc.)                                            Health insurance
 Interim Multiple Dwelling filing                       Hospitalization                  Wages
 fee                                                    Major medical                    and
 Keys                                                   Management commissions           Payroll
 Legal Fees                                             New York State unemployment
 Loft Board fees                                        insurance
 Management agent fees                                  Payroll Tax
 Management fees                                        Pension
 Marshall's fees                                        Salaries (except directors &
 Maximum base rent filing fee                           officers)
 Membership fees                                        State unemployment insurance
 Messenger ($200 or less)                               Union dues
 Meter reading service (water                           Workmen's compensation
 meters, electric meters, etc.)
 Office expense                                         Frontage                         Water
 Office Supplies                                        Sewer charges or taxes           and
 Outside management                                     Water charges or taxes           Sewer
Instructions for Worksheet RPIE-2011                    Page 11

        Miscategorized                    Correct
    Miscellaneous Expense                Category

 Outside services (other than
 subcontracted labor)
 Permits
 Post Office Box fee
 Postage
 Professional Fees
 Protection
 Real Estate Publications and
 Journals
 Realty Advisory Board fees
 Rent collection fees
 Rent stabilization association fee
 Rubbish removal
 Scavenger service
 Security Guards
 Security Service
 Service charges                       Management
 Service contracts                     and
 Settlement                            Administration
 Small property owners
 association
 Stationary
 Superintendent's telephone
 Tank registration
 Telecommunication
 Telephone
 Tenant relations
 Trash/Garbage/Rubbish
 removal
 Uniforms
 Uniforms (purchase and
 cleaning)
 Vault tax
 Water conditioning
 Water purification
 Water treatment service
Instructions for Worksheet RPIE-2011                                                                   Page 12

Below are Legitimate Miscellaneous Expenses and expenses that are Ineligible to be included in
the Expense portion of the RPIE.
                                       Ineligible Miscellaneous Expenses
 Air rights                              Electrical survey                      Penalties
 Alterations                             Engineer's fee                         Personal insurance
 Amortization (except leasing)           Equipment purchase                     Pointing - over $500
 Appliances                              Estimate expenses (except real         Projected expenses
 Appraisal fee                           estate taxes)                          Pro-rated expense of any kind
 Architects fees                         Financial charges or expenses          (except leasing and insurance)
 Automobile expenses                     Fines                                  Public phone charge
 Bad debt                                Franchise taxes                        Real estate abatement fees
 Bank Charges                            Furniture                              Real estate fees
 Blanket insurance policies              General expense                        Real Estate Taxes
 Bond premium                            Gifts                                  Rebates
 Building rent                           Ground rent                            Recovery charges
 Business insurance                      Health club/gym                        Refunds
 Business organization expenses          Improvement loan                       Reimbursements of any type
 Buyout costs of leases                  In rem payments                        Renovations
 Cable Service                           Income taxes                           Rent
 Capital improvements                    Insulation                             Rent strike settlement
 Car fare                                Intercom                               Reserves for replacement
 Certificate of occupancy costs          Interest payments                      Return of rent
 Certiorari costs                        J51 Exemption/abatement filing         Safe deposit boxes
 Christmas expenses                      fee (421 a filing fee)                 Storage
 Claims of any kind                      Janitor's apartment and/or utilities   Superintendent's apartment
 Closing costs                           General expense                        and/or utilities
 Commercial rent tax                     Late charges                           Tenant buyout
 Commitment costs                        Lawsuit settlement                     Tenant holdovers
 Common charges                          Lease cancellation costs               Tenant moving expense
 Compactor                               Lease surrender                        Tenant refund
 Computer purchases                      Leasehold interest                     Tenant's refund
 Construction                            Lien                                   Termination fee
 Consultation fee (other than            Local law 5 or 10 filing fee           Title insurance
 that specified for management           Management training                    Transportation
 or leasing                              Merchant's association dues            Travel
 Contributions                           Miscellaneous expense                  Unincorporated business tax
 Corporation expenses                    Mortgage Interest                      Vacancy
 Corporation taxes                       Negative (bracketed) amounts           Vacancy and loss of rent
 Debt service                            Occupancy tax                          Vacating expense
 Delivery expense                        Office rent                            Variance costs
 Demolition                              Officers' salaries                     Violations
 Depreciation                            Organization expenses                  Write off on leasing & renting
 Drawing                                 Parking                                Zoning fees
 Dumpster                                Partners' salaries                     Xmas expenses

                                       Legitimate Miscellaneous Expenses

 Petty cash                       Lease buy-out                 Special assessments        Sundry
                      RPIE-2011                          CONFIDENTIAL
                                                                                                 FILING DEADLINE: SEPTEMBER 4, 2012


                      REAL PROPERTY INCOME AND EXPENSE WORKSHEET
                 TM




 Finance

  The following form is NOT to be submitted. You must file all RPIE forms electronically.

Address of Property: ____________________________________________________________________________________________

Borough: ________________________________________                    Block:_______________________                Lot: ________________________

 PART I: OWNER AND PROPERTY INFORMATION                                                        PLEASE READ THE RPIE INSTRUCTIONS
                                                                                          C A R E F U L LY B E F O R E C O M P L E T I N G T H I S F O R M

SECTION A - OWNER/FILER INFORMATION

1a. Ownerʼs Name: _____________________________________________________________________________________________
 b. Ownerʼs Employer Identification Number:                        c. Ownerʼs Social Security Number:
                                                                     OR


 d. Additional Ownerʼs Name: _____________________________________________________________________________________
 e. Additional Ownerʼs Employer Identification Number:                f. Additional Ownerʼs Social Security Number:
                                                                     OR


2a. Name of Entity Filing (if different from the owner): ___________________________________________________________________
 b. Filerʼs Employer Identification Number:                                    c. Filerʼs Social Security Number:
                                                                     OR


 d. Entityʼs Relationship to the Property:          K Owner     K Lessee              K Owner Representative              K Lessee Representative
SECTION B - CONTACT INFORMATION

1. Contact Name: _____________________________________                    2. Firm Name:___________________________________________

3. Address: ____________________________________________________________________________________________________
                                                                  NUMBER AND STREET


     City: ______________________________________________                 State: _____________             Zip Code: _________________________

4. Telephone #: ______________________________________                    5. E-mail Address: _______________________________________

SECTION C - PROPERTY IDENTIFICATION
CONSOLIDATED LOTS
1. Please indicate all contiguous properties that have the same owner, are operated as one economic unit and are in the same borough.

2. Please select apportionment method:                K Percentage                    K Building square feet                     K # of units

     Block:___________ Lot:___________                Block:___________ Lot:___________              Block:___________ Lot:___________


     Block:___________ Lot:___________                Block:___________ Lot:___________              Block:___________ Lot:___________

3.   K    Check here if this property is a hotel.

4. Condominiums filing for multiple lots, please indicate if this filing covers:

     a.   K Entire Condominium from lot        ______________ to lot ______________

     b.   K All lots within a range from lot   ______________ to lot ______________;           from lot ______________          to lot ______________

                                    from lot ______________ to lot ______________;             from lot ______________          to lot ______________

                                    from lot ______________ to lot ______________;              from lot ______________         to lot ______________

                                                                                                                              RPIE-Worksheet 2011 08.16.12
RPIE-2010 - Real Property Income & Expense Worksheet                                                                                           Page 2

SECTION D - RPIE EXCLUSIONS
           TO BE COMPLETED ONLY IF YOU ARE NOT REQUIRED TO FILE A RPIE FOR TAX YEAR 2011
         Please note: RPIE-2010 Exemptions and Exceptions sections have been consolidated into one section for RPIE-2011

1. I am not required to file a RPIE for this year because my property:

    a.   K   has an actual assessed value of $40,000 or less.

    b.   K   is exclusively residential with 10 or fewer apartments.

    c.   K   is primarily residential with 6 or fewer apartments and no more than one commercial unit.

    d.   K   is a residential cooperative apartment building with less than 2,500 square feet of commercial space (not including garage space).

    e.   K   is an individual residential condominium unit that is not part of a group of rental units that makes up the majority of the development.

    f.   K   is rented exclusively to a related person or entity.

    g.   K   is occupied exclusively by the owner but is not a: department store with 10,000 or more gross square feet; hotel or motel;
             parking garage or lot; power plant; or theater.

    h.   K   is owned and used exclusively by a fully exempt not-for-profit organization or government entity and generates no rental income.

    i.   K   is vacant or uninhabitable and non-income-producing.

    j.   K   is vacant, non-income-producing land.

    k.   K   I acquired my property on or after August 1, 2012

    l.   K   an exclusion is in a.-k. above was filed for this property on RPIE-2010 and continues to be true.


         K   Please check this box if you claimed an exclusion above and want to file an RPIE-B form to provide Finance with the most cur-
             rent information about your property.


2. I am not required to file an RPIE for the entire filing year because I purchased, built or renovated my property in 2011. I am
   only required to file a partial-year statement because:

    a.   K I purchased this property in an arms-length transaction during the 2011 reporting period and information for a 12-month state-
         ment is not available.

    b.   K   the property was unoccupied while under construction or renovation during part of the 2011 reporting period.

    c.   K   The property was available for use but was entirely vacant for one or more months during the 2011 reporting period.

                           IF YOU CLAIMED AN EXCLUSION ABOVE, YOU MAY SKIP TO PART IV: RPIE CERTIFICATION.
 RPIE-2011 - Real Property Income & Expense Worksheet                                                                                     Page 3

SECTION E - PROPERTY USE AND VACANCY INFORMATION

For each use type, indicate the percentage of total square feet that was vacant (unoccupied, unleased or generating no in-
come) as of January 5, 2012. Square feet occupied for any portion as of January 5, 2012 may not be included.

1. Description:

     a. Total # of Units: ____________           b. # of Residential Units: __________             c. # of Commercial Units: ____________

     d. # of Buildings: _____________            e. # of Floors: __________________                f. Year of Purchase: ________________
     g. Is a total demolition expected prior to January 5, 2013?     K YES       K NO
______________________________________________________________________________________________________________
 Indicate the percentage of the space in the building that was vacant (unoccupied or unleased, generating no income) as of January 5, 2012.
______________________________________________________________________________________________________________
                                                                                                                                Percentage Vacant
______________________________________________________________________________________________________________
 2. Residential:
______________________________________________________________________________________________________________
 3. Office:
______________________________________________________________________________________________________________
 4. Retail Tenants:
______________________________________________________________________________________________________________
 5. Loft:
______________________________________________________________________________________________________________
 6. Factory:
______________________________________________________________________________________________________________
 7. Warehouse:
______________________________________________________________________________________________________________
 8. Storage:
______________________________________________________________________________________________________________
 9. Garage/Parking:
______________________________________________________________________________________________________________
 10. Other:
______________________________________________________________________________________________________________
 11. Other:
______________________________________________________________________________________________________________
 12. Other:
______________________________________________________________________________________________________________
 13. Other:
______________________________________________________________________________________________________________


SECTION F - TO BE COMPLETED ONLY IF THE PROPERTY IS A COOPERATIVE OR CONDOMINIUM
______________________________________________________________________________________________________________
                                                             A. # of Units            B. Annual Income ($)
______________________________________________________________________________________________________________

1. Unsold Occupied Units:
______________________________________________________________________________________________________________

   a. Regulated Apartments
______________________________________________________________________________________________________________

   b. Unregulated Apartments
______________________________________________________________________________________________________________

2. Commercial Units that are Leased:
______________________________________________________________________________________________________________
3. Commercial Units Owned and Occupied
   by the Cooperative/Condominium Owner:
______________________________________________________________________________________________________________

 K   Despite our due diligence in seeking rent roll information for sponsor-owned units, we have been unable to obtain such information
     from the sponsor.
RPIE-2011 - Real Property Income & Expense Worksheet                                                                                                           Page 4

SECTION G - TO BE COMPLETED ONLY IF THE PROPERTY IS A THEATER


1. # of Theater Seats: ___________________



SECTION H - LEASE AND OCCUPANCY INFORMATION

1   a. Does the tenant pay ALL the operating expenses, including the Real Estate Tax (Triple Net Lease)? .................                           K YES   K NO
    b. If the answer is “YES”, and the filer is the tenant (see Part I, Question 2d), indicate the total annual rent paid to the owner $ ______________________

2   a. Owner Occupancy: Is any part of this property owner-occupied or owner-related? ............................................................   K YES   K NO
    b. For residential property, list the number of units occupied by the owner and/or superintendent: _______________________ units.

    c. Type(s) of owner occupancy (check all that apply - maximum of 5):

        K Residential                 __________%
        K Office                      __________%
        K Retail                      __________%
        K Loft                        __________%
        K Factory                     __________%
        K Warehouse                   __________%
        K Storage                     __________%
        K Garages/Parking             __________%
        K Other                       __________%




                        END OF RPIE-2011 PART I: OWNER AND PROPERTY INFORMATION



                                                      IF APPLICABLE, CONTINUE ON TO
    PART II: INCOME AND EXPENSE STATEMENT (FOR ALL PROPERTIES EXCEPT HOTELS)

                                                                                    OR

                         PART III: INCOME AND EXPENSE STATEMENT FOR HOTELS ONLY



Please file your RPIE online at nyc.gov/rpie by: September 4, 2012
RPIE-2011 - Real Property Income & Expense Worksheet                                                                                                                                                                            Page 5

 PART II: INCOME AND EXPENSE STATEMENT (FOR ALL PROPERTIES EXCEPT HOTELS)
SECTION I - REPORTING PERIOD
1. The income and expense statement is for a:                                                            a.   K Calendar Year                       b.    K Fiscal Year                      c.   K Partial Year
2. Please indicate the period covered in this statement:                                                  From __________ - __________                                  To __________ - __________
                                                                                                                          MONTH                       YEAR                         MONTH                       YEAR

SECTION J - INCOME FROM REAL ESTATE. Do not list any negative figures.
______________________________________________________________________________________________________________                                             # of Units                         Income ($ per year)
1. a. Residential Regulated (If an amount is entered as Income, you must also enter the # of units) ..... _________________________________________
    b. Residential Unregulated (If an amount is entered as Income, you must also enter the # of units) . _________________________________________
    c. Total Residential Income - see instructions ................................................................................... _________________________________________
2. Office ................................................................................................................................................................................... _________________________________________
3. Retail Tenants ............................................................................................................................................................... _________________________________________
4. Loft ........................................................................................................................................................................................ _________________________________________
5. Factory ............................................................................................................................................................................... _________________________________________
6. Warehouse ...................................................................................................................................................................... _________________________________________
7. Storage .............................................................................................................................................................................. _________________________________________
8. Garages/Parking ......................................................................................................................................................... _________________________________________
9. Owner-Occupied or Owner-Related Space ............................................................................................ _________________________________________
10. Ancillary Income (not included in Regulated or Unregulated income listed above)                                                                                                              _________________________________________
    a. Operating Escalation ........................................................................................................................................ _________________________________________
    b. Real Estate Tax Escalation .......................................................................................................................... _________________________________________
    c. Sale of Utility Services .................................................................................................................................... _________________________________________
    d. Sale of Other Services .................................................................................................................................... _________________________________________
    e. Government Rent Subsidies ...................................................................................................................... _________________________________________
    f. Signage/Billboard ................................................................................................................................................ _________________________________________
    g. Cell Towers .............................................................................................................................................................. _________________________________________
11. Other (detail other uses below):                                                                                                                                                             _________________________________________
    a. ______________________________________________________________ _________________________________________
    b. ______________________________________________________________ _________________________________________
    c._______________________________________________________________ _________________________________________
12. Total Income from Real Estate ..................................................................................................................... _________________________________________
SECTION K - INCOME FROM BUSINESS. Do not list any negative figures.
______________________________________________________________________________________________________________                                                                                                  Income ($ per year)
1. Merchandise ................................................................................................................................................................... _________________________________________
2. Food and Beverage................................................................................................................................................... _________________________________________
3. Parking ................................................................................................................................................................................ _________________________________________
4. Automotive Fuel ........................................................................................................................................................... _________________________________________
5. Admissions ...................................................................................................................................................................... _________________________________________
6. Other Sales...................................................................................................................................................................... _________________________________________
7. Department Store Sales                                                                                                                                                                   _________________________________________
   a. Gross Department Store Sales ............................................................................................................... _________________________________________
   b. Returns and Refunds (Deduct from Gross Department Store Sales) ........................ _________________________________________
   c. Leased Departments ...................................................................................................................................... _________________________________________
   d. Net Department Store Sales ..................................................................................................................... _________________________________________
8. Total Income from Business .......................................................................................................................... _________________________________________
SECTION L - PROPERTY OPERATING EXPENSES. Do not list any negative figures.
______________________________________________________________________________________________________________                                                                                                       Expenses ($ per year)
1. Fuel ........................................................................................................................................................................................ _________________________________________
2. Light and Power ........................................................................................................................................................... _________________________________________
3. Cleaning Contracts .................................................................................................................................................... _________________________________________
4. Wages and Payroll ..................................................................................................................................................... _________________________________________
5. Repairs and Maintenance ..................................................................................................................................... _________________________________________
6. Management and Administration ..................................................................................................................... _________________________________________
7. Insurance (annual) ..................................................................................................................................................... _________________________________________
8. Water & Sewer .............................................................................................................................................................. _________________________________________
9. Advertising ........................................................................................................................................................................ _________________________________________
10. Interior Painting and Decorating ...................................................................................................................... _________________________________________
11. Amortized Leasing and Tenant Improvement Costs (annualized, pro-rated cost) .......................... _________________________________________
12. Miscellaneous Expenses: (not all deducted by Finance during valuation) ................................... _________________________________________
    a. Permit _________________________________________________________ _________________________________________
    b. Security________________________________________________________ _________________________________________
    c. ______________________________________________________________ _________________________________________
    d. ______________________________________________________________ _________________________________________
13. Total Expenses ........................................................................................................................................................... _____________________________________________________________
14. Real Estate Taxes, Bad Debt, Depreciation and Mortgage Interest
      (Optional - These expenses are not included when tallying Total Expenses)..... _________________________________________
RPIE-2011 - Real Property Income & Expense Worksheet                                                                                                                                                                                                              Page 6

 PART III: INCOME & EXPENSE STATEMENT FOR HOTELS ONLY
SECTION M - REPORTING PERIOD
1. The income and expense statement is for a:                                                                                      a.    K Calendar Year                                   b.     K Fiscal Year                             c.   K Partial Year
2. Please indicate the period covered in this statement:                                                                             From __________ - __________                                                   To __________ - __________
                                                                                                                                                         MONTH                             YEAR                                   MONTH               YEAR

3. Name of the Hotel or Motel: _______________________________________________                                                                                                                              4. Total # of Rooms: __________________
        4a. # of Transient Rooms: ___________________                                                                                     4b. # of Permanent Rooms: _______________________
        4c. # of Keys: ____________________________                                                                                       4d. Occupancy Rate for 2011:______________________
SECTION N - INCOME. Do not list any negative figures.                                                                                                                                                                                        Income ($ per year)
1. Departmental                                                                                                                                                                                                                          _________________________
   a. Rooms........................................................................................................................................................................................................................      _________________________
   b. Food and Beverage .........................................................................................................................................................................................                        _________________________
   c. Telephone ................................................................................................................................................................................................................         _________________________
   d. Conferences and Exhibits ...........................................................................................................................................................................                               _________________________
   e. Parking ......................................................................................................................................................................................................................     _________________________
   f. Other Department .............................................................................................................................................................................................                     _________________________
2. Total Departmental Income ............................................................................................................................................................................                                _________________________
3. Rental Tenants                                                                                                                                                                                                                        _________________________
   a. Apartments, including Permanent Tenants.....................................................................................................................................                                                       _________________________
   b. Stores .........................................................................................................................................................................................................................   _________________________
   c. Restaurants............................................................................................................................................................................................................            _________________________
   d. Offices ........................................................................................................................................................................................................................   _________________________
   e. Others.........................................................................................................................................................................................................................    _________________________
4. Total Rental Tenants .............................................................................................................................................................................................                    _________________________
5. Signage/Billboard .......................................................................................................................................................................................................             _________________________
6. Cell Towers......................................................................................................................................................................................................................     _________________________
7. Other (describe): a) __________________ b) __________________                                                                                                       c) __________________                                             _________________________
8. Total Income ................................................................................................................................................................................................................         _________________________
SECTION O - EXPENSES. Do not list any negative figures.                                                                                                                                                                                     Expenses ($ per year)
1. Departmental .................................................................................................................................................................................................................        _________________________
   a. Rooms ........................................................................................................................................................................................................................     _________________________
   b. Food and Beverage ..........................................................................................................................................................................................                       _________________________
   c. Telephone.................................................................................................................................................................................................................         _________________________
   d. Other Departments (describe): _____________________________________________________                                                                                                                                                _________________________
2. Total Departmental Expenses ......................................................................................................................................................................                                    _________________________
3. Undistributed Operating                                                                                                                                                                                                               _________________________
   a. Administrative and General........................................................................................................................................................................                                 _________________________
   b. Marketing .................................................................................................................................................................................................................        _________________________
   c. Management Fee ..............................................................................................................................................................................................                      _________________________
   d. Franchise Fee ......................................................................................................................................................................................................               _________________________
   e. Energy........................................................................................................................................................................................................................     _________________________
   f. Property Maintenance ....................................................................................................................................................................................                          _________________________
   g. Insurance .................................................................................................................................................................................................................        _________________________
   h. Other Operating (describe): a) ______________ b) ______________                                                                                                             c) ______________ .                                    _________________________
4. Total Undistributed Operating Expenses...........................................................................................................................................                                                     _________________________
5. Total Operating ..........................................................................................................................................................................................................            _________________________
6. Financial and Other (describe): _______________________________________________________                                                                                                                                               _________________________
7. Total Expenses ..........................................................................................................................................................................................................             _________________________
SECTION P - RECAPITULATION, FURNITURE, FIXTURES AND EQUIPMENT. Do not list any negative figures.
______________________________________________________________________________________________________________                                                                                                                        Amount ($ per year)
1. Recapitulation ............................................................................................................................................................................................................... _________________________
   a. Net Departmental Income............................................................................................................................................................................ _________________________
   b. Net Operating Income .................................................................................................................................................................................... _________________________
   c. Net Income ............................................................................................................................................................................................................. _________________________
2. Furniture, Fixtures and Equipment (FF & E) Used in Hotel Operations ............................................................................ _________________________
   a. Is there a reserve for FF & E ?                                                   K Yes                                    K No                                                                                             _________________________
   b. Contribution to reserve in reporting year .......................................................................................................................................$ _________________________
   c. Cost of items purchased in reporting year ....................................................................................................................................$ _________________________
   d. Book cost of all FF & E at year end ...................................................................................................................................................$ _________________________
   e. Depreciation of FF & E for reporting year .....................................................................................................................................$ _________________________
    f. Book cost less accumulated depreciation.....................................................................................................................................$ _________________________

				
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