Replies to post #159958 on 1812 Brewing Company Inc (KEGS)

[AMERICAN_PSYCHO]

ITEM 2. DESCRIPTION OF PROPERTIES

The Company currently maintains office space at 10-18 Park Street, 2nd Floor, Gouverneur, New York 13642 in a leased facility. The Company paid no rent during 2007 for these offices. During 2008 the Company may be asked to pay rent for these offices. We believe these offices will be sufficient for our needs for the foreseeable future.

Hackett’s owns or leases a number of properties. Below is a complete list of Hackett’s real estate properties – both leased and owned:

Patrick Hackett Hardware Company (owned)
19 Minor Street
Canton, NY 13617

Patrick Hackett Hardware Company (owned)
1223 Pickering Street
Ogdensburg, NY 13669

Patrick Hackett Hardware Company (owned)
1301 State Street
Ogdensburg, NY 13669

Patrick Hackett Hardware Company (leased)
5533 University Plaza
Canton, NY 13617

Patrick Hackett Hardware Company (leased)
471 East Main Street, Suite 1B
Gouverneur, NY 13642

Patrick Hackett Hardware Company (leased)
200 Market Street
Potsdam, NY 13676

Patrick Hackett Hardware Company (leased)
3779 State Route 3
Pulaski, NY 13142

Patrick Hackett Hardware Company (leased)
6100 St. Lawrence Center
Massena, NY 13662

Patrick Hackett Hardware Company (leased)
94 Demars Blvd., Suite 1
Tupper Lake, NY 12986

Patrick Hackett Hardware Company (leased)
144 Eastern Blvd.
Watertown, NY 13601

Patrick Hackett Hardware Company (leased)
108 Utica Street, Route 12B
Hamilton, NY 13346

[dirtdealer]

AP.. I like that we own 3 piece of real estate outright but I look all three of those propertie record up on the tax assesor website in New York in the county they are located (St lawrence county) & none of the 3 properties were appraised by the county at more than 180k. I do know that county typically appraises values 10-15% lower than market price. FYI....