Form Rpie-2016 - Real Property Income And Expense Worksheet And Instructions Page 8
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24Instructions for Worksheet RPIE-2016
Page 7
Do not include real estate taxes, bad debt, depreciation or mortgage interest in other expenses.
While these may be listed in this section, they are not eligible for valuing real estate for NYC property
tax purposes. Also do not include amortized leasing costs or amortized tenant improvement
costs. If you want to itemize these two costs, please use the RPIE-2016 standard form.
Total Expenses: Total expenses (the sum of lines 1 through 3).
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 con-
dominium development, a parking garage complex, an apartment complex, or a shopping
center), enter the total number of buildings that comprise 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, 2017. Percentage
vacant should be reported separately for each type of unit. Totals may exceed 100%. For exaple,
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
For this section, information is required for unsold sponsor-owned units if 10% or more of the units re-
main unsold. 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 – thIs sECtIoN Is No LoNGER UsED
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