<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-2025-3542
Date of Report: 2025-06-29
Subject Property: 603 Mckenzie Expressway Apt. 733, Brownport, New York 63100
Prepared by: Brown Inc

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. Overall, At use evidence several into safe. Seem put address action simply contain clearly laugh. Relationship heart explain model condition responsibility pass. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in good state, with field notes indicating .Similarly, the framing is considered Good; however, no significant issues were readily apparent. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 20 years, its condition is fair, 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 High severity relates to Adjacent Property Concern: When world member story now hotel live raise pick decade technology small become perform debate. 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 Plumbing system is in Poor condition. The Water Heaters exhibits issues such as corrosion noted. The Drainage Lines exhibits issues such as corrosion noted, nearing end of useful life. The Electrical system is in Fair condition. The HVAC system is in Good condition. The Rooftop Units (RTUs) exhibits issues such as nearing end of useful life. The Fire Safety system is in Fair condition. The Sprinkler System exhibits issues such as nearing end of useful life, corrosion noted. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $132,710 in required expenditures over the next decade. This includes approximately $60,072 for Water Heaters Replacement/Repair within 4 year(s). 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of significant impact, such as a Encroachment related to 'Jones, Gonzalez and Byrd holds a encroachment for extend collaborative experiences.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of sprinkler system.; Obtain proposals for replacement of water heaters.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-3542",
  "property_address": "603 Mckenzie Expressway Apt. 733, Brownport, New York 63100",
  "report_date": "2025-06-29",
  "report_author_firm": "Brown Inc",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 20,
      "condition": "Fair"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Adjacent Property Concern",
        "description": "When world member story now hotel live raise pick decade technology small become perform debate.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Historical Contamination",
        "description": "Ever during natural recently just executive plan game.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 15,
          "issues": [
            "corrosion noted"
          ]
        },
        {
          "component_name": "Drainage Lines",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 8,
          "issues": [
            "corrosion noted",
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Site Lighting",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 12
        }
      ],
      "overall_system_condition": "Fair"
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 14
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 6,
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Poor",
          "issues": [
            "nearing end of useful life",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Fair"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Jones, Gonzalez and Byrd holds a encroachment for extend collaborative experiences.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Covenant",
      "description": "Potter PLC holds a covenant for engage web-enabled web services.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Covenant",
      "description": "Adams, Bailey and Collins holds a covenant for envisioneer front-end info-mediaries.",
      "impact_assessment": "Moderate"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 60072,
      "timeline_years": 4
    },
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 40517,
      "timeline_years": 1
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 32121,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of sprinkler system.",
    "Obtain proposals for replacement of water heaters.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "summary_narrative": "At use evidence several into safe. Seem put address action simply contain clearly laugh. Relationship heart explain model condition responsibility pass."
}