| Income | |
| Common charges, including special assessment | 1,233,218 | 
| Less: | |
| Cooperative abatement | (90,722) | 
| STAR and senior citizen refunds | (8,788) | 
| Common charges, net | 1,133,708 | 
| Laundry | 9,075 | 
| Sublet fees | 45,877 | 
| Misc | 11,651 | 
| Interest | 596 | 
| Total income | 1,200,907 | 
| Operating expenses | |
| Real estate taxes | 570,883 | 
| Less: | |
| Cooperative abatement | (90,722) | 
| STAR and senior citizen refunds | (8,788) | 
| Real estate taxes, net | 471,373 | 
| Water and sewer | 46,854 | 
| Interest, including prepayment penalty | 270,177 | 
| Management fees | 34,800 | 
| Payroll, payroll tax and employee benefits | 295,261 | 
| Insurance | 50,031 | 
| Gas and electric | 25,541 | 
| Fuel | 108,222 | 
| Office and administrative | 11,679 | 
| Repairs and maintenance | 59,374 | 
| Legal and professional fees | 16,461 | 
| Total operating expenses | 1,389,773 | 
| Income (loss) before depreciation, amortization and income taxes | (188,866) | 
| Depreciation and amortization | 74,900 | 
| Provision for income taxes | 7,522 | 
| Net income (loss) | (271,288) |