Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#10B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	384
Cash and cash equivalents - reserve fund	2,781
Bank certificates of deposits - reserve fund	147
Due from shareholders	123
Due from commercial tenants	94
Other receivables	35
Prepaid real estate taxes	1,663
Prepaid expenses	160
Property and equipment - net	18,619
Investment in NCB stock	58
Security deposits held	612
Total Assets	24,675
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	351
Capital improvements payable	951
Abatements payable	589
Maintenance charges received in advance	124
Deferred commercial rent	371
Mortgage payable	21,122
Less: Mortgage costs - net	(179)
Security deposits payable	612
Total Liabilities	23,942
Shareholders' Equity
Capital stock	581
Additional paid-in capital	36,606
Retained earnings (deficit)	(36,454)
Total Shareholders' Equity	733
Total Liabilities and Shareholders' Equity	24,675

Statements of Operations
Income
Maintenance charges	12,343
Less: Abatements	(1,160)
Operating assessments	1,347
Commercial rent	1,099
Transfer fees	200
Laundry income	53
Other income	370
Total Income	14,251
Expenses
Real estate taxes	7,868
Less: Abatements	(1,160)
Mortgage interest	822
Payroll and related expenses	4,054
Electric and gas	187
Heating	355
Water and sewer	281
Repairs and maintenance	691
Insurance	270
Management fees	322
Professional fees	367
Corporation taxes	82
Office and administration	99
Total Expenses	14,239
Income from Operations	12
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	50
Depreciation	(1,450)
Interest - amortization of mortgage costs	(25)
Net Income (Loss)	(1,412)