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UPDATES.md

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Property84 Madison Ave, Albany, NY 12202
FolderREADME & Property Snapshot
KindText
Updated2026-07-17
Dropbox path00 - README & Property Snapshot/UPDATES.md

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Property Updates 2026-07-15 - Property Update (07/15/2026): - Major items for June 2026: - Revenue was $4,529.92 and operating expenses were -$4,505.31, resulting in NOI of $24.61. - Debt service was $1,206.23; Net Operating Cashflow after debt service was -$1,181.62. - Lofty-held reserve is $161.12; the ECO GL Column E position is $1,147.95. - Financial detail: - Cash Flow Snapshot (2026-06): - Revenue: $4,529.92 - Operating Expenses: -$4,505.31 - NOI: $24.61 - Debt Service: -$1,206.23 - Net Operating Cashflow: -$1,181.62 - Monthly Cash Position (2026-06): - Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals. - Lofty Operating Cash: $161.12 (Lofty curr_maintenance_reserve) - ECO Operating Cash: $1,147.95 (ECO Systems…

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# Property Updates

## 2026-07-15

- Property Update (07/15/2026):
    - Major items for June 2026:
    - Revenue was $4,529.92 and operating expenses were -$4,505.31, resulting in NOI of $24.61.
    - Debt service was $1,206.23; Net Operating Cashflow after debt service was -$1,181.62.
    - Lofty-held reserve is $161.12; the ECO GL Column E position is $1,147.95.

    - Financial detail:

    - Cash Flow Snapshot (2026-06):

    - Revenue: $4,529.92
    - Operating Expenses: -$4,505.31
    - NOI: $24.61
    - Debt Service: -$1,206.23
    - Net Operating Cashflow: -$1,181.62

    - Monthly Cash Position (2026-06):

    - Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

    - Lofty Operating Cash: $161.12 (Lofty curr_maintenance_reserve)
    - ECO Operating Cash: $1,147.95 (ECO Systems General Ledger Column E (524 rows))

    - Financial summary:
    - Lofty-held current maintenance reserve: $161.12
    - ECO GL Column E sum: $1,147.95 (524 rows)

## 2025-11-15

- Property Update (11/15/2025):
    - Owners will be receiving the net cash flow for October on a daily basis from November 15th through December 14th.
    - October's net cash flow totaled $1,494.00, compared to September's net cash flow of $884.97 (69% increase).
    - [P&L Statement](https://www.dropbox.com/scl/fi/znde8cuk5q055k39z8bxh/Cash-Flow-Statement-84-Madison-Ave-Albany-NY-12202.xlsx?rlkey=f07igfeb0gzqaqmiboolsn975&dl=0)
    - [View Maintenance Log](https://docs.google.com/spreadsheets/d/1pxDWSGpQJs4SeOVxK5NRGlKnXI0qWlV_ulo1ewKGzkM/edit?usp=sharing)
    - Note that cleaning, repairs, and maintenance for the prior month are accounted for the following month, i.e. October R&M will come out of November NOI (or reserves).
    - All financial data are in [Dropbox](https://asset.lofty.ai/LFTY0431) and Metrics are in [Hospitable](https://share.hospitable.com/metrics/49a774a5-2d60-4dce-adff-17e2a0091df8). Email earl@earlbnb.com if something is missing.