| Income | |
| Common charges, including special assessment | 1,441,356 |
| Less: | |
| Cooperative abatement | (89,394) |
| STAR and senior citizen refunds | (8,285) |
| Common charges, net | 1,343,677 |
| Laundry | 9,900 |
| Sublet fees | 39,026 |
| Misc | 8,599 |
| Interest | 1,903 |
| Total income | 1,403,105 |
| Operating expenses | |
| Real estate taxes | 566,777 |
| Less: | |
| Cooperative abatement | (89,394) |
| STAR and senior citizen refunds | (8,285) |
| Real estate taxes, net | 469,098 |
| Water and sewer | 34,168 |
| Interest, including prepayment penalty | 225,647 |
| Management fees | 32,200 |
| Payroll, payroll tax and employee benefits | 286,945 |
| Insurance | 49,662 |
| Gas and electric | 25,670 |
| Fuel | 122,389 |
| Office and administrative | 9,312 |
| Repairs and maintenance | 87,676 |
| Legal and professional fees | 10,555 |
| Total operating expenses | 1,353,322 |
| Income (loss) before depreciation, amortization and income taxes | 49,783 |
| Depreciation and amortization | 64,894 |
| Provision for income taxes | 6,708 |
| Net income (loss) | (21,819) |