6 family building with operating bar on first floor. Bar is 1200 square feet with lease to expire July 2025. No rent controlled apartments. Only rent stabilized. Roof is 6 years old. Gas fired steam heat. Gas furnace is 6 years old. There are (3) - 1 bedroom apartments and (3) - 2 bedroom apartments. Annual Income $187,000 Annual Expenses: Taxes $18,630 Gas and Electric $9,033 Insurance $11,531 Water $7,958 Misc Repairs $3,300=$50,542. Cap Rate 6.5% Lease Length Increase 1-year lease 2.75% increase 2-year lease 5.25% increase