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 -- eligible1 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. Apartment Improvement Program Options and Costs Page 1 of 10 Apartment Repainting: Repainting all or a portion of the apartment as requested by Tenant with option of one color. Total cost: Not applicable Option A color: Benjamin Moore Decorators White Option B color: Benjamin Moore China White Option C color: Benjamin Moore Linen White There will be a nominal charge of $500 per custom color (So, for example, if three custom colors are selected for different rooms in the apartment, resident will pay $1,500). This charge covers the additional labor cost of procurement, the additional disposable materials for application, and the cost of disposing of leftover paint in an environmentally--responsible manner. Custom colors may be selected from Benjamin Moore Regal Classic Premium Interior Paint only. Paint finish will be semi-gloss for kitchens and bathrooms; all other rooms will be in matte or eggshell finish as determined by the painting contractor based on wall condition to achieve the best outcome. A small quantity of leftover paint will be left with the tenant by request to enable them to do their own touch-ups between tri-annual re-paintings. Tenant is responsible for moving all furniture and other items away from walls, and removal of nails, picture hooks, etc., to prepare walls for painting, and replacement of same. We strongly recommend avoiding intense or dark colors. We reserve the right to disapprove of any color that may require excessive labor to apply to achieve a quality result or that may be excessively difficult to restore upon tenant's vacancy of the apartment. Tenant accepts full responsibility for their color selection. The University will not be required to re-paint before the next tri-annual painting for the purpose of correcting tenant's color selection(s). Apartment Improvement Program Options and Costs Page 2 of 10 Improvement 1: New stainless steel sink and chrome faucet with option of countertop material (Option 1 does not include ceramic tile backsplash) Total cost if selected as an additional improvement: $6,000 If selected as an additional improvement to be funded by Tenant, Tenant2 pays: NYU Affiliated Tenant: $200/month for 30 months Non-Affiliated Tenant: $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 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 3 of 10 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 Tenant3 , Tenant pays: NYU Affiliated Tenant: $66.66/month for 30 months Non-Affiliated Tenant: $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 Option C for vinyl flooring material: Shaw Tile, Crete Series – Smoke Color Tenant is responsible for removing all items from floor. 3 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 4 of 10 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) Total cost if selected as an additional improvement: $3,000 - $5,000, depending on the number of existing appliances to be upgraded If selected as an additional improvement to be funded by Tenant4 , Tenant pays: NYU Affiliated Tenant: $100/month $166.66/month, depending on number of appliances, for 30 months Non-Affiliated Tenant: $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 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 5 of 10 Improvement 4: New option of ceramic tile backsplash in kitchen (faucet not included in this option) Total cost if selected as an additional improvement: $1,500 If selected as an additional improvement to be funded by Tenant5 , Tenant pays: NYU Affiliated Tenant: $50/month for 30 months Non-Affiliated Tenant: $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 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 6 of 10 Improvement 5: New toilet, sink, vanity, faucet, towel bar and toilet paper holder in one bathroom with option of design styles pictured below Total cost if selected as an additional improvement: $5,500 If selected as an additional improvement to be funded by Tenant6 , Tenant pays: Non-Affiliated Tenant: $91.66/month permanently added to rent Option C Option B Option A NYU Affiliated Tenant: $183.33/month for 30 months Tenant is responsible for removing all items in bathroom and bathroom cabinets. 6 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 7 of 10 Improvement 6: New porcelain tile floor overlay in one bathroom (toilet and vanity not included) Total cost if selected as an additional improvement: $5,300 If selected as an additional improvement to be funded by Tenant7 , Tenant pays: NYU Affiliated Tenant: $176.66/month for 30 months Non-Affiliated Tenant: $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. 7 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 8 of 10 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) Total cost if selected as an additional improvement: $750 - $1,750, depending on apartment size If selected as an additional improvement to be funded by Tenant8, 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 o Tenant is responsible for removing items from floor, including area rugs, small furnishings, accessories, etc. Large furnishings will be moved by Contractor to the extent feasible to clean and buff floors underneath, or will work around large items that cannot be moved. 8 Page 8 of 10 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 9 of 10 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. Total cost if selected as an additional improvement: $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. The actual cost to replace the cabinets in your kitchen will be quoted after an on-site survey, at which point you will be able to decide whether you wish to proceed with this option. -- 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 Page 8 of 10 Please see “Apartment Improvement Program Frequently Asked Questions (questions #7, #8, #9) to learn about Tenantfunded improvements. Apartment Improvement Program Options and Costs Page 10 of 10
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