Date post: | 01-Nov-2014 |
Category: |
Business |
Upload: | max-gaines |
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VALUE
Public Service
Offer affordable housing to prospective renters.
We will require prospective tenants to have a background that includes community service and/or philanthropy work
All tenants are held personally responsible for the maintaining the upkeep of not only their space, but the entire property itself.
PROPOSAL
my OWN.
Responsibility through (NON) Ownership
“We intend to build a society of owners. We wish to make sure everyone is a participant and encourage personal responsibility.”
George W. Bush, State of the Union, 2005
WHO IT’S FOR:Renters residing in the Clinton Hill neighborhood of Brooklyn NY.
My Own will offer affordable housing to prospective renters.
DELIEVERABLES
DIAGRAM
Affordable housingSecurity
TENANTS
RentCommunity service
FINANCIALSINCOME:Rent $43,200 - 48,000
EXPENSESProperty: $600,000 - 700,000Renovations (typically 20% property value): $100, 000 – 140,0003,500 Sq Ft Commercial Space w ($5500.00 month) $66,000 Taxes: (~) $1,500Property Insurance: Insurance (Office Space)
Staff + Benefits: (~) $300,000
Office Supplies: (~) $15,000ComputersCopy MachineTelephonesMobile PhonesPaperMisc
Telephone / Internet: $1,200Advertising $10,000
(~) $1,300,000
Responsibility through (NON) Ownership