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Investor_Progress_Summary_84Madison_May2025 - 84 Madison Ave, Albany, NY 12202.docx

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Investor Progress Summary – 84 Madison (May 2025) **Reporting Period:** May 1 – May 31, 2025 **Prepared By:** Earl Co Overview This report summarizes the work completed in May 2025 at 84 Madison. The focus was on roof and egress repairs, flooring and finishing work, furnishings and staging, and general cleanup and planning for tenant readiness. Key Work Highlights - **Roof and Egress:** Investigated and patched EPDM flat roof sections showing wear; prepared for future coating. Added flashing, re

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Investor Progress Summary – 84 Madison (May 2025) **Reporting Period:** May 1 – May 31, 2025 **Prepared By:** Earl Co Overview This report summarizes the work completed in May 2025 at 84 Madison. The focus was on roof and egress repairs, flooring and finishing work, furnishings and staging, and general cleanup and planning for tenant readiness. Key Work Highlights - **Roof and Egress:** Investigated and patched EPDM flat roof sections showing wear; prepared for future coating. Added flashing, repaired exterior junctions, and secured under-deck areas. - **Interior Repairs:** Fixed and adjusted doors, added Yale locksets, completed flooring in 84.3 kitchen and entry. Mounted mirrors, shelves, curtain rods, and TVs. - **Furnishing and Assembly:** Assembled furniture, placed liners, organized linens, conducted shopping and online ordering. Purchased washer/dryer set for 84.1 and a portable AC unit for comfort. - **Cleaning and Prep:** Deep cleaning, window and trim work, fireplace cleaning, research and planning. Labor and Expenses Primary contributors included Evan (repairs, structural, mounting), Zohar (electrical, fixtures), Jasmine and Nico (furnishings, cleaning). Labor rates ranged from $20/hr for support to $85/hr for specialized structural work. Notable expenses included: - Portable AC unit: $226.78 - Washer/dryer set: $350 - Misc. tools, parts, furnishings, and CAM supplies. Financial Metrics Approximate May 2025 totals: - **Total Hours:** ~150 hrs - **Labor Cost:** ~\$6,000 - **Materials and Appliances:** ~\$650 - **Combined Burn:** ~\$6,650 Next Steps - Coat and stabilize flat roof to extend life and prevent leaks. - Finalize furnishings and staging for tenant readiness. - Complete remaining trim, touch-ups, and CAM organization. - Prepare 84.1 and 84.3 for final inspection and occupancy.