Apartment association · Narva linn
V. Gerassimovi tn 9 apartment association
Narva linn, V. Gerassimovi tn 9 korteriühistu (registry code 80183635) manages a 2-storey brick building built in 1953 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €100,588 (€114 per m² of flat space) and it held €48,177 in cash. In 2021 long-term liabilities rose from €0 to €70,654 — usually a sign of a renovation.
Board
- MAMarina Avaryaskinaboard member5 years 3 monthsalso: Jõesuu tn 24a
- SSSergey Smirnovboard member8 years 9 months
- VBVjatšeslav Blitsõnboard member8 years 9 months
- YRYury Rybakovboard member6 years 11 monthsalso: Haigla tn 8, Kalda tn 6, Kooli põik 3a, V. Gerassimovi tn 13
- House conditionaverage
- age, energy class and works done
- Loan affordabilitygood
- loan vs the association's annual income
- Cash bufferaverage
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time · professional manager
Building
- Built
- 1953
- Storeys
- 2
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- district heating
Building page: V. Gerassimovi tn 9 →
Compared with similar buildings: Narva linn, built 1948–1958, brick (38 associations).
Finances by year
Loan principal repayment is an estimated €0.67 per m² of flat space a month, about €34 a month for a 50 m² flat (interest not included) — more than 66% of associations repaying a loan. The median is €0.52 in Estonia and €0.22 in Narva linn. At the current pace the loan will be repaid around 2040.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €100,588 | €47,138 | €48,177 | €46,034 | €8,464 |
| 2024 | €108,875 | €27,297 | €28,931 | €46,961 | €8,499 |
| 2023 | €115,900 | €10,753 | €11,552 | €61,553 | €8,630 |
| 2022 | €122,015 | €7,745 | €7,713 | €98,859 | €7,648 |
| 2021 | €70,654 | €24,087 | €8,410 | €113,838 | €7,020 |
| 2020 | €0 | €9,086 | €12,398 | €12,598 | €7,020 |
| 2019 | €0 | €5,673 | €8,113 | €12,837 | €7,020 |
Compared with similar buildings (Narva linn, built 1948–1958, brick; 38 associations), long-term liabilities per m² of flat space are higher than 92% of them. The median for buildings with a loan is €13/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
What is your flat worth?
An estimate for a flat at V. Gerassimovi tn 9 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | V. Gerassimovi tn 7aV. Gerassimovi tn 71953 · 8 flats | €0 | €18,411 | 2025 |
| C | Kooli põik 1a1948 · 12 flats | €0 | €6,658 | 2025 |
| A | V. Gerassimovi tn 111953 · 12 flats | €0 | €1,393 | 2025 |
| B | Kooli põik 11949 · 12 flats | €80,053 | €11,302 | 2025 |
| C | Kooli põik 3a1948 · 12 flats | €0 | €12,209 | 2025 |
| B | Kooli põik 31948 · 12 flats | €0 | €33,627 | 2025 |
| D | V. Gerassimovi tn 41967 · 110 flats | €0 | €48,271 | 2025 |
| D | V. Gerassimovi tn 131953 · 8 flats | €0 | €2,549 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €100,588 of long-term liabilities. The report's key figures do not separate a bank loan from a renovation grant — the association's own statement gives the exact loan balance.
How much cash does the association have?
At the end of 2025 the association held €48,177.
When was the building built?
According to the building register, it was first used in 1953 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Marina Avaryaskina, Sergey Smirnov, Vjatšeslav Blitsõn, Yury Rybakov (board since 07.01.2018).
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, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.