Queens - 2005

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KINRAY INC.
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Stewart Rahr, CEO

Stewart Rahr and Kinray are dedicated to New York’s Firefighters.

What one factor is most important to success?

The will to compete and power to succeed.

What do you look for in an employee?

Integrity, loyalty and smarts.

What’s the best way to save money?

Be conservative in your investments.

What’s the best way to spend money?

Spend it on good people.

What’s your greatest pleasure?

Spending time with my children and my Kinray family.

What’s the first thing you do when you wake up in the morning?

I thank God and get mentally prepared for the day’s challenges.

How do you deal with stress?

I play golf and get massages. I like to go out to golf clubs in the Hamptons.

What one lesson do you hope to pass on to your children?

Doing all business and no play makes for an unhappy life.

How do you bounce back from adversity?

I take a step back, refocus, and ask God for help.

What’s your favorite thing about Queens?

Going to work and seeing my 1,000 Kinray family members each day.

Stewart Rahr has served as President and CEO of Kinray, Queens’ largest privately owned company, since 1975. The company’s revenues are currently in excess of $3.1 billion. Kinray offers about 600 pharmaceutical products under the Preferred Plus Pharmacy brand, and distributes to 3,000 pharmacies in seven Northeastern states. Rahr and his company charitably contributed to post September 11th funds, presenting a check of $100,000 to the families of four local heroes.

2005 Queens Building Permits

These are the numbers of new, privately-owned residential building permits in Queens, first in

May 2005 and then year-to-date.

May 2005

Item Building ----------------Units ------------Construction Cost

Single Family .......................... .53 53 ................. 9,405,104

Two Family ............................. .77 154 ............... 14,343,666

Three-Four Family ................... 63 198 ............... 17,910,027

Five-or-More Family ................ 15 ............ 143 ............... 11,542,337

Total ....................................... 145 548 ............... 53,201,134

Cumulative--------------- Year to Date

Item Building--------------- Units -------------Construction Cost

Single Family ......................... 123 123 21,202,525

Two Family ............................. 364 728 65,980,040

Three-Four Family ................. 202 627 53,953,524

Five-or-More Family ................ 44 511 39,416,049

Total ....................................... 733 1,989 180,552,138

Per Unit--------Construction Cost, Year To Date

Single Family 172,378

Two Family 90,631

Three-Four Family 86,050

Five-or-More Family 77,135

Average 90,775

Source: U.S. Census Bureau