Apartment Improvement Program Options and Costs

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1 Apartment Improvement Program Options and Costs Under the Apartment Improvement Program a new pilot that will initially run through the 2014/15, 2015/16 and 2016/17 academic years eligible 1 Tenants in NYU owned housing may elect one or more improvements to their apartment. The Improvement Options from which Tenants may choose are pictured herein. Please refer to the accompanying document Apartment Improvement Program Frequently Asked Questions for more information about participation in the Program. Please note that this is a pilot program that will be tested over an initial three year period. NYU reserves the right to make adjustments throughout the pilot as it deems in the best interests of Tenants and the University based on experience gained during the pilot. Additionally, as with any new program, there may be bugs to be worked out; we appreciate the patience and understanding of our tenants. 1 Please refer to Apartment Improvement Program Frequently Asked Questions for eligibility requirements and other important information about participation in the Program. Page 1 of 9

2 Improvement 1: Counter top with a new stainless steel sink and chrome faucet with option of countertop material Total cost if selected as an additional improvement: $6,000 If selected as an additional improvement to be funded by Tenant, Tenant 2 pays: $200/month for 30 months $100/month permanently added to rent Option A for countertop material: Caesarstone Ice Snow Option B for countertop material: Caesarstone Cement Option C for countertop material: Stonesource Granite Beige Tenant is responsible for removal of all items from cabinets and drawers below countertop and all items on top of counter. 2 Page 2 of 9

3 Improvement 2: New option of vinyl floor overlay with new whitepainted MDF baseboard in kitchen Total cost if selected as an additional improvement: $2,000 If selected as an additional improvement to be funded by Tenant 3, Tenant pays: $66.66/month for 30 months $33.33/month permanently added to rent Option A for vinyl flooring material: Shaw Tile, Crete Series Sunset Color Option B for vinyl flooring material: Shaw Tile, Crete Series Slate Color Tenant is responsible for removing all items from floor. Option C for vinyl flooring material: Shaw Tile, Crete Series Smoke Color 3 Page 3 of 9

4 Improvement 3: New stainless steel appliances to replace existing appliances (please note that exact model and size may vary as needed to fit specific apartment conditions) $3,000 $5,000, depending on the number of existing appliances to be upgraded If selected as an additional improvement to be funded by Tenant 4, Tenant pays: $100/month $166.66/month, depending on number of appliances, for 30 months $50/month $83.33/month, depending on number of appliances, permanently added to rent Tenant is responsible for removing all food items from refrigerator and freezer. 4 Page 4 of 9

5 Improvement 4: New option of ceramic tile backsplash in kitchen (faucet not included in this option) $1,500 If selected as an additional improvement to be funded by Tenant 5, Tenant pays: $50/month for 30 months $25/month permanently added to rent Option A Ceramic Tile: Olympia Tile 3 x6, White Glossy Finish Option B Ceramic Tile: Olympia Tile, Allure Series, Taupe Linear Mosaic Option C Ceramic Tile: Olympia Tile 6 x24, Casa Collection Avorio Tenant is responsible for removing all items on countertop in front of area to be tiled. 5 Page 5 of 9

6 Improvement 5: New toilet, sink, vanity, faucet, towel bar and toilet paper holder in one bathroom with option of design styles pictured below $5,500 If selected as an additional improvement to be funded by Tenant 6, Tenant pays: $183.33/month for 30 months $91.66/month permanently added to rent Option C Option B Option A Tenant is responsible for removing all items in bathroom and bathroom cabinets. 6 Page 6 of 9

7 Improvement 6: New porcelain tile floor overlay in one bathroom (toilet and vanity not included) $5,300 If selected as an additional improvement to be funded by Tenant 7, Tenant pays: $176.66/month for 30 months $88.33/month permanently added to rent Option A Porcelain Tile: Olympia Tile, Cork Series Black 12 x24 Option B Porcelain Tile: Olympia Tile, Allure Series Taupe 12 x24 Option C Porcelain Tile: Olympia Tile, Oxy Series Bright Grey 12 x24 Tenant is responsible for removing all items from bathroom floor. The toilet will be unavailable overnight while the tile dries. If the tenant does not have a second bathroom it is the tenant s responsibility to find alternative accommodations overnight. Work can be schedule to coincide with a scheduled vacation. 7 Page 7 of 9

8 Improvement 7: Clean and buff wood floors throughout apartment (Improvement 7 is available only to NYU Affiliated Tenants; please see Apartment Improvement Program Frequently Asked Questions, question #22 for more information) $750 $1,750, depending on apartment size If selected as an additional improvement to be funded by Tenant 8, Tenant pays: Studio 1 BR 2 BR 3 BR 4 BR $750 $1000 $1250 $1500 $1750 $25/mo $33.33/mo $41.66/mo $50/mo $58.33/m Tenant is responsible for removing items from floor, including area rugs, small furnishings, accessories, etc. The Contractor can work around large items (built in bookcases for instance) to the extent feasible. 8 g Page 8 of 9

9 Improvement 8: Fabuwood Cabinetry with Shaker style doors in solid maple, dovetail construction with white or natural finish. Cabinet hardware will be stainless steel bar pulls. $235/linear foot This cost includes cabinets and hardware, delivery and installation, wall preparation as needed, and any custom trim required to fill gaps. This cost does not include a new counter top; please give consideration to selection of a new counter top in conjunction with selection of new cabinets. If you do not select a new counter top under the Apartment Improvement Program, a standard white laminate counter top will be provided at no cost. Tenant will be responsible for removing all items from cabinets to be replaced and reinstalling items after installation. If selected, replacement of all kitchen cabinets will be required; partial replacements will not be permitted. 8 g Page 9 of 9

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