Form Rpie-2016 - Real Property Income And Expense Worksheet And Instructions For Hotels Page 15
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20RPIE-2016 - Real Property Income & Expense Worksheet - Hotels
Page 2
sECtIoN D - RPIE EXCLUsIoNs
I am not required to file a RPIE for this year because my property:
has an Actual Assessed Value of $40,000 or less.
a.
❑
is exclusively residential with 10 or fewer apartments.
b.
❑
is primarily residential with 6 or fewer apartments and no more than one commercial unit, and is in Tax Class 1 or Tax Class 2.
c.
❑
is a residential cooperative apartment building with less than 2,500 square feet of commercial space (not including garage space).
d.
❑
is an individual residential condominium unit that was sold and is not owned by the sponsor.
e.
❑
is rented exclusively to a related person or entity.
f.
❑
is occupied exclusively by the owner but is not a: department store with 10,000 or more gross square feet; hotel or motel;
g.
❑
parking garage or lot; power plant; or theater.
is owned and used exclusively by a fully exempt not-for-profit organization or government entity and generates no rental income.
h.
❑
is vacant or uninhabitable and non-income-producing for the entire year.
i.
❑
is vacant, non-income-producing land.
j.
❑
k.
The owner has not operated the property and is without knowledge of the income and expenses for the entire calendar or fiscal
❑
year of the reporting period
IF YoU CLAIMED AN EXCLUsIoN ABoVE, YoU MAY skIP to PARt IV: RPIE CERtIFICAtIoN.
sECtIoN sF - shoRt FoRM (optional form for non-hotel properties with an assessed value of
$250,000 or less)
PRoPERtY UsE, VACANCY & INCoME INFoRMAtIoN
total Number
owner/owner-related
Vacancy % as of
Income
of Units
occupancy %
Jan 5, 2016
($ per year)
$
%
%
1. Commercial Income..................... ________________________________________________________________________________
$
%
%
2. Residential Income...................... ________________________________________________________________________________
$
3. Cell Site Income.......................... ________________________________________________________________________________
$
4. Signage/Billboard Income............ ________________________________________________________________________________
$
5. total Income from Real Estate. ________________________________________________________________________________
PRoPERtY oPERAtING EXPENsEs
Expenses
($ per year)
1. Utilities......................................... _________________________________
2. Other............................................ _________________________________
3. total Expenses.......................... _________________________________
*Real Estate Taxes............................ _________________________________
*Bad Debt.......................................... _________________________________
*Depreciation.................................... _________________________________
*Mortgage Interest............................ _________________________________
*NotE: Real estate taxes, bad debt, depreciation and mortgage interest should not be included when tallying Total Expenses.
These expenses are not eligible for valuing real estate for NYC property tax purposes.
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