| 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) |