<format type="json">{report_id: string, property_address: string, report_date: date, report_author_firm: string, overall_risk_assessment: string, estimated_remediation_cost_usd: number optional, structural_assessment: {foundation: {condition: string, issues_identified: list[string], notes: string optional}, framing: {condition: string, issues_identified: list[string], notes: string optional}, roofing: {material: string, age_years: number, condition: string, recommended_action: string optional}}, environmental_findings: {phase_i_esa_status: string, recognized_environmental_conditions: list[{type: string, description: string, severity: string, recommended_action: string optional}], asbestos_containing_materials_present: boolean, lead_based_paint_present: boolean}, building_systems: list[{system_type: string, components_summary: list[{component_name: string, condition: string, estimated_lifespan_remaining_years: number optional, issues: list[string] optional}], overall_system_condition: string, system_recommendations: string optional}], title_encumbrances: list[{type: string, description: string, impact_assessment: string}], capital_expenditure_projections: list[{item: string, category: string, estimated_cost_usd: number, timeline_years: number}], key_due_diligence_recommendations: list[string], summary_narrative: string optional}</format> <data>EXECUTIVE SUMMARY: COMMERCIAL PROPERTY DUE DILIGENCE REPORT
Report ID: DDR-2025-6736
Date of Report: 2025-07-16
Subject Property: 57909 Paul Extension Apt. 985, Lake Penny, New York 96399
Prepared by: Barnes-Contreras

This report, commissioned by our client, synthesizes the findings from a comprehensive due diligence investigation of the subject property. The inspection, conducted on a brisk weekday, revealed a significant risk profile, driven by several key factors across structural, environmental, and financial domains. The on-site property manager was cooperative during our walkthrough. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in poor state, with field notes indicating spalling concrete.Similarly, the framing is considered Fair; however, minor wood rot at sill plates. Of greater concern is the EPDM Rubber roofing system. Having been in service for approximately 21 years, its condition is poor, and it will require monitoring. 

Environmental Findings:
The Phase I Environmental Site Assessment (ESA) concluded with a status of 'RECs Identified'. Multiple Recognized Environmental Conditions (RECs) were documented. A notable REC of Low severity relates to Adjacent Property Concern: Question beautiful those worker both each talk feel travel bit use rule strong relate. A survey for hazardous materials confirmed that the presence of asbestos-containing materials is likely, while lead-based paint is not expected. 

Building Systems and Capital Needs:
An evaluation of major building systems revealed significant deferred maintenance. The Fire Safety system is in Fair condition. The Sprinkler System exhibits issues such as corrosion noted. The HVAC system is in Fair condition. The Boiler exhibits issues such as inefficient operation. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as nearing end of useful life. The Electrical system is in Fair condition. The Panelboards exhibits issues such as corrosion noted, inefficient operation. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $238,839 in required expenditures over the next decade. This includes approximately $149,910 for Roof Replacement within 0 year(s). 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of minor impact, such as a Covenant related to 'Michael LLC holds a covenant for harness efficient initiatives.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Budget for full roof replacement within 12-24 months.; Obtain proposals for replacement of water heaters.; Obtain proposals for replacement of panelboards.; Obtain proposals for replacement of boiler..</data>
{
  "report_id": "DDR-2025-6736",
  "property_address": "57909 Paul Extension Apt. 985, Lake Penny, New York 96399",
  "report_date": "2025-07-16",
  "report_author_firm": "Barnes-Contreras",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "spalling concrete"
      ]
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "minor wood rot at sill plates"
      ],
      "notes": "Management same start bed floor off kind and five throw business exist know."
    },
    "roofing": {
      "material": "EPDM Rubber",
      "age_years": 21,
      "condition": "Poor"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Adjacent Property Concern",
        "description": "Question beautiful those worker both each talk feel travel bit use rule strong relate.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Underground Storage Tank (UST)",
        "description": "Skill computer realize ready green agent remain present.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 1,
          "issues": [
            "corrosion noted"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Boiler",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 11,
          "issues": [
            "inefficient operation"
          ]
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for HVAC system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Drainage Lines",
          "condition": "Poor"
        },
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Site Lighting",
          "condition": "Good"
        },
        {
          "component_name": "Panelboards",
          "condition": "Poor",
          "issues": [
            "corrosion noted",
            "inefficient operation"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Michael LLC holds a covenant for harness efficient initiatives.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Henderson-Pratt holds a encroachment for exploit innovative ROI.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 149910,
      "timeline_years": 0
    },
    {
      "item": "Boiler Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 34370,
      "timeline_years": 4
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 26071,
      "timeline_years": 2
    },
    {
      "item": "Panelboards Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 28488,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of water heaters.",
    "Obtain proposals for replacement of panelboards.",
    "Obtain proposals for replacement of boiler."
  ]
}