Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#10B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	263
Cash and cash equivalents - reserve fund	3,903
Bank certificates of deposits - reserve fund	1,462
Due from shareholders	286
Due from commercial tenants	91
Other receivables	8
Prepaid real estate taxes	-0-
Prepaid expenses	137
Property and equipment - net	18,622
Investment in NCB stock	58
Security deposits held	748
Total Assets	25,578
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	442
Capital improvements payable	-0-
Abatements payable	611
Maintenance charges received in advance	35
Deferred commercial rent	321
Mortgage payable	21,122
Less: Mortgage costs - net	(154)
Security deposits payable	748
Total Liabilities	23,125
Shareholders' Equity
Capital stock	581
Additional paid-in capital	36,606
Retained earnings (deficit)	(34,734)
Total Shareholders' Equity	2,453
Total Liabilities and Shareholders' Equity	25,578

Statements of Operations
Income
Maintenance charges	12,898
Less: Abatements	(1,229)
Operating assessments	1,390
Commercial rent	1,193
Transfer fees	228
Laundry income	53
Other income	334
Total Income	14,867
Expenses
Real estate taxes	8,020
Less: Abatements	(1,229)
Mortgage interest	822
Payroll and related expenses	4,002
Electric and gas	181
Heating	390
Water and sewer	326
Repairs and maintenance	668
Insurance	278
Management fees	332
Professional fees	248
Corporation taxes	78
Office and administration	137
Total Expenses	14,255
Income from Operations	612
Other Items
Capital assessment	2,603
Commercial rent - straight-line adjustment	50
Depreciation	(1,521)
Interest - amortization of mortgage costs	(25)
Net Income (Loss)	1,720