Global Design - Slides v3

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  • 1. myOWN. Responsibility through (NON) Ownership SLIDE 1
  • 2. We intend to build a societyof owners. We wish to makesure everyone is a participantand encourage personalresponsibility.George W. Bush, State of the Union, 2005 SLIDE 2
  • 3. WHO ITS FORRenters residing inthe Clinton Hillneighborhood ofBrooklyn NY SLIDE 3
  • 4. My Own will offer affordable housing to prospective renters.Tenants will be accepted through vetting process that willinclude, but not limited to: application, credit history and aseries of interviews. The sense of pride among tenants willemerge through the process of being selected.All tenants are held personally responsible for the maintainingthe upkeep of not only their space, but the entire property itself. SLIDE 4
  • 5. FINANCIALSProperty: $600,000 - 700,000Renovations (typically 20% property value): $100, 000 140,0003,500 Sq Ft Commercial Space w ($5500.00 month) $66,000Taxes: (~) $1,500Property Insurance:Insurance (Office Space)Wages + Benefits: (~) $300,000Principle / Agent - $50,000Agents (2) - $40,000 x 2Receptionist / Office Manager - $34,000Buildings Manager - $42,000Accountant / Bookkeeper - $40,000Office Supplies: (~) $15,000ComputersCopy MachineTelephonesMobile PhonesPaperMiscTelephone / Internet: $1,200Advertising $10,000 (~) $1,300,000 SLIDE 4
  • 6. myOWN. Responsibility through (NON) Ownership