Apartment association · Tallinn

Majaka tn 54 apartment association

Tallinn, Majaka tn 54 korteriühistu (registry code 80541496) manages a 4-storey brick building built in 1940 with 13 flats. According to its 2024 annual report, the association's long-term liabilities were €0 and it held €10,200 in cash. The report shows no long-term liabilities.

Board

  • ATAndri Treufeldtboard member3 years 11 months
  • ILIrina Laurboard member1 year 10 months
  • MTMaria Talvikboard member2 years 10 months
E
Association grade
E · weak
Tallinn: ranked 4186 of 4,374 graded associations.
House conditionweak
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferaverage
cash per m², 3-year average
Managementaverage
reports filed on time

Building

Built
1940
Storeys
4
Construction
brick
Flats
13
Lift
no
Heating
district heating

Building page: Majaka tn 54 →

Long-term liabilities
€0
as of 31.12.2024
Cash
€10,200
€13/m² · similar €18/m²
Income per m² a month
€1.00
similar buildings €1.45

Compared with similar buildings: Tallinn, built 1935–1945, brick (176 associations).

Finances by year

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2024€0€9,637€10,200€9,526-€1,274
2023€0€9,216€7,007€12,516€2,456
2022€0€11,995€10,707€8,375€217
2021€0€10,786€5,587€9,595€201
2020€0€10,631€14,105€6,836€0
2019€0€8,117€8,276€6,967€0

Of similar buildings (Tallinn, built 1935–1945, brick; 176 associations), 46% have long-term liabilities; this association has none.

Flats in this building

2 flats were offered for rent at €550–€600 a month.

Estate agents in Sikupilli · Flat prices in Sikupilli

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CMajaka tn 521941 · 8 flats€0€54,2572025
DMajaka tn 561950 · 19 flats€0€14,6462025
CMajaka tn 551950 · 12 flats€100,125€11,5162025
CPeterburi tee 131950 · 20 flats€0€61,7872025
CMajaka tn 501946 · 7 flats€0€10,3622025
CMajaka tn 571941 · 8 flats€19,436€1,0172025
BMajaka tn 531949 · 12 flats€213,068€7,3782025
CPeterburi tee 111950 · 14 flats€138,045€7,2952025

Frequently asked questions

Does the association have a loan?

The 2024 report shows no long-term liabilities.

How much cash does the association have?

At the end of 2024 the association held €10,200.

When was the building built?

According to the building register, it was first used in 1940 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Andri Treufeldt, Irina Laur, Maria Talvik (board since 08.11.2022).

How is the association grade calculated?

The A–E grade is built from public data and compares the association with all apartment associations in Estonia. House condition (40%) takes the building's age into account – a new house needs no renovation – along with the energy certificate and the works on the building that its flats' sale ads describe (sellers' and brokers' unverified claims) – the more works (facade, roof, pipes, heating and so on), the better; in an older building, a loan taken for renovation also counts as investment. Loan affordability (30%) shows how many years of income the long-term liabilities equal – up to three years is entirely normal. Cash buffer (10%) is cash per m² of flat space averaged over the last three year-ends: without a loan a bigger buffer is better; with a loan a moderate one is enough. Management (20%) shows whether the last three years' reports were filed, and on time, with extra points for a professional manager. A loan is not bad in itself: in an older building it usually means the house has been renovated. The grade is updated weekly.

Where does the data come from?

Finances: business register open data (annual-report key figures, 2019–2024). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.