FutureRealEstateResearch - Revision history

Notyou007a at 10:33, 29 May 2015

2015-05-29T10:33:55Z

← Older revision		Revision as of 05:33, 29 May 2015
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			NOTE: This Page is now out-of-date, with LVL1 having moved to The Pointe at 1205 E Washington St.


	=Possibly buying the building=		=Possibly buying the building=

Ccprek at 18:24, 20 January 2012

2012-01-20T18:24:21Z

← Older revision		Revision as of 13:24, 20 January 2012
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	Current specs as listed by PVA		Current specs as listed by PVA
	814 E Broadway		* 814 E Broadway
	OWNER Removed to avoid indexing		* OWNER Removed to avoid indexing
	PARCEL ID O21COO48OOOO (replace 0s with Os to avoid indexing)		* PARCEL ID O21COO48OOOO (replace 0s with Os to avoid indexing)
	ASSESSED VALUE $177,040		* ASSESSED VALUE $177,040
	ACRES 0.1083		* ACRES 0.1083
	NEIGHBORHOOD 20 / COM BUTCHERTOWN/GERMANTOWN		* NEIGHBORHOOD 20 / COM BUTCHERTOWN/GERMANTOWN

	==Unorganized stuff==		==Unorganized stuff==

Ccprek at 18:24, 20 January 2012

2012-01-20T18:24:01Z

← Older revision		Revision as of 13:24, 20 January 2012
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	=Possibly buying the building=		=Possibly buying the building=

			==Building value on specs==
			Dan Z. said they bought the building for $109K and put in $90K to gut and renovate the building.


			Current specs as listed by PVA
			814 E Broadway
			OWNER Removed to avoid indexing
			PARCEL ID O21COO48OOOO (replace 0s with Os to avoid indexing)
			ASSESSED VALUE $177,040
			ACRES 0.1083
			NEIGHBORHOOD 20 / COM BUTCHERTOWN/GERMANTOWN

			==Unorganized stuff==
	Dumping questions here. Organize later.		Dumping questions here. Organize later.

Ccprek: Created page with "=Possibly buying the building= Dumping questions here. Organize later. We might have to replace the roof 30g? We might have to run a new electrical box? We might need to water p..."

2012-01-19T18:09:11Z

Created page with "=Possibly buying the building= Dumping questions here. Organize later. We might have to replace the roof 30g? We might have to run a new electrical box? We might need to water p..."

New page

=Possibly buying the building=
Dumping questions here. Organize later.

We might have to replace the roof 30g?
We might have to run a new electrical box?
We might need to water proof the basement 15g?
HVAC system? 10g
We will need to rejack the big room floor and make it a solid structure?

We know the building was bought for $177,000. We also know that when the property was transferred to them, they were not required to bring the place "up to code," and the building was not condemned.

Benefits:
- This would allow us to have a nicer, more public-facing facade.
- This would allow us to make more permanent improvements towards the achievement of our goals.
- Maximum utilization of space (this came up Tuesday, discussing the big room).

Cons:
- Acquisition of all the uncertainty, liability, and illiquidity that the Zinks currently maintain
- Inability to remain *as* mobile as an organization

Potential Roadblocks:
- Possibility of Condemnation upon inspection (seems likely that the Zinks would want to sell the building 'as-is,' without an on-the-books inspection).
- Roof life estimate, and cost of repair/replacement
- Structural integrity

More questions that would need answering (not proposing that they should be answered by us, or here and now, just brainstorming):
How long is our interest in the property? (5 years, 10 years?)
How much do the Zink's want?
Are we required to bring the building up to code?
If so, what is required?
How structurally stable is the building?
How structurally stable is the roof?
How much wash-out is there under the building?
Does this wash-out have any structural impact?
Do loans for non-profits work like commercial real-estate loans, with "balloon payment" terms?
Can we roll space improvements into any loan?
What improvements would be critical if we owned the joint?
What improvements would be "nice to have"?