Apartment Report

Year Ended 2017-12-31

235 East 49 St
New York
NY 10017

235 East 49th Street Tenants Corp.

Financial Statements

COMPARATIVE STATEMENT OF OPERATIONS

INCOME
RENTAL INCOME
Maintenance charges 1,407,663
Less: real estate tax abatements (135,182)
Special assessment - abatement 129,690
Commercial rent 148,591
TOTAL RENTAL INCOME 1,550,762
OTHER INCOME
Interest income 5,784
Laundry 7,800
Storage 11,364
Late charges 4,049
Transfer and sublet fees 67,810
Miscellaneous income 3,253
TOTAL OTHER INCOME 100,060
TOTAL INCOME 1,650,822
COST OF OPERATIONS
Administrative expenses 84,185
Operating expenses 579,186
Maintenance expenses 256,412
Taxes and insurance 764,573
Financial expenses 108,507
TOTAL COST OF OPERATIONS 1,792,863
Income or (Loss) Before Depreciation and Special item (142,041)
Depreciation and amortization (97,714)
NET INCOME OR (LOSS) (239,755)