HOUSE_OVERSIGHT_018855.jpg
1.61 MB
Extraction Summary
1
People
2
Organizations
4
Locations
2
Events
1
Relationships
3
Quotes
Document Information
Type:
Property analysis report
File Size:
1.61 MB
Summary
This document is a property analysis report for the IGY American Yacht Harbor Marina, which is assessed as being in superior condition. It identifies $161,000 in estimated deferred maintenance costs for items like the parking garage ceiling and marina decking. The report also details $771,460.93 in capital expenditures from 2013 to 2015 on improvements such as handrails, columns, and security cameras.
People (1)
| Name | Role | Context |
|---|---|---|
| management | Property Management |
Provided construction estimates for deferred maintenance and information on capital expenditures.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| IGY American Yacht Harbor Marina | ||
| irr. |
Timeline (2 events)
2013-2015
Various capital expenditures and major improvements were made to the property.
IGY American Yacht Harbor Marina
Undisclosed (prior to report)
An inspection of the IGY American Yacht Harbor Marina property was conducted by the report's author.
IGY American Yacht Harbor Marina
Report author (irr.)
Locations (4)
| Location | Context |
|---|---|
Relationships (1)
The report, authored by 'irr.', relies on 'discussions with management' of the marina for key information and estimates.
Key Quotes (3)
"The quality and condition of the subject is considered to be superior to that of competing properties."Source
HOUSE_OVERSIGHT_018855.jpg
Quote #1
"To estimate the cost to cure deferred maintenance, we rely on construction estimates from management as shown below."Source
HOUSE_OVERSIGHT_018855.jpg
Quote #2
"From 2013 to 2015, a total of $771,460.93 has been spent on various capital expenditures."Source
HOUSE_OVERSIGHT_018855.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,917 characters)
Improvements Description and Analysis
44
44
Improvements Analysis – Building Improvements
Quality and Condition
The quality and condition of the subject is considered to be superior to that of competing properties. The interior and exterior building improvements are considered to be of good quality and in good condition based on our inspection.
The quality and condition of the subject is considered to be superior to that of competing properties. The interior and exterior building improvements are considered to be of good quality and in good condition based on our inspection.
Functional Utility
The improvements appear to be adequately suited to their current use, and there do not appear to be any significant items of functional obsolescence.
The improvements appear to be adequately suited to their current use, and there do not appear to be any significant items of functional obsolescence.
Deferred Maintenance
A few items of deferred maintenance were identified during our inspection and based on discussions with management. These include repairs and replacement to the parking garage ceiling, replacing the wooden deck on the upper level Building A, and re-facing various portions of the marina jettys. Note that a detailed description of the marina improvements will be discussed in the following section of this report. To estimate the cost to cure deferred maintenance, we rely on construction estimates from management as shown below.
A few items of deferred maintenance were identified during our inspection and based on discussions with management. These include repairs and replacement to the parking garage ceiling, replacing the wooden deck on the upper level Building A, and re-facing various portions of the marina jettys. Note that a detailed description of the marina improvements will be discussed in the following section of this report. To estimate the cost to cure deferred maintenance, we rely on construction estimates from management as shown below.
Deferred Maintenance
Item Estimated Cost
Parking garage ceiling $40,000
Wooden deck repair/replacement $25,000
Marina decking and fendering repair/replace $96,000
Total $161,000
*Values expressed in United States Dollars
Item Estimated Cost
Parking garage ceiling $40,000
Wooden deck repair/replacement $25,000
Marina decking and fendering repair/replace $96,000
Total $161,000
*Values expressed in United States Dollars
Planned Capital Expenditures
From 2013 to 2015, a total of $771,460.93 has been spent on various capital expenditures. The major improvements over the past three years were $84,088 for exterior column replacement, $62,172 for security cameras, $62,013 for marina bathrooms, and $281,950 for hand rail replacement. Upcoming expenditures for various capital items considered to be necessary are identified in the following table. To estimate the amounts of these expenditures, we rely on discussions with management. Estimated capital expenditures are as follows.
From 2013 to 2015, a total of $771,460.93 has been spent on various capital expenditures. The major improvements over the past three years were $84,088 for exterior column replacement, $62,172 for security cameras, $62,013 for marina bathrooms, and $281,950 for hand rail replacement. Upcoming expenditures for various capital items considered to be necessary are identified in the following table. To estimate the amounts of these expenditures, we rely on discussions with management. Estimated capital expenditures are as follows.
IGY American Yacht Harbor Marina
irr.
HOUSE_OVERSIGHT_018855
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document