Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#11A
New York
NY 10016

Balance Sheets
Assets
Cash - operating	636
Cash and cash equivalents - reserve fund	4,605
Bank certificates of deposits - reserve fund	243
Due from shareholders	203
Due from commercial tenants	156
Other receivables	58
Prepaid real estate taxes	2,754
Prepaid expenses	265
Property and equipment - net	30,831
Investment in NCB stock	96
Security deposits held	1,013
Total Assets	40,859
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	581
Capital improvements payable	1,575
Abatements payable	975
Maintenance charges received in advance	206
Deferred commercial rent	615
Mortgage payable	34,975
Less: Mortgage costs - net	(296)
Security deposits payable	1,013
Total Liabilities	39,645
Shareholders' Equity
Capital stock	962
Additional paid-in capital	60,615
Retained earnings (deficit)	(60,363)
Total Shareholders' Equity	1,214
Total Liabilities and Shareholders' Equity	40,859

Statements of Operations
Income
Maintenance charges	20,438
Less: Abatements	(1,921)
Operating assessments	2,231
Commercial rent	1,819
Transfer fees	332
Laundry income	87
Other income	612
Total Income	23,598
Expenses
Real estate taxes	13,029
Less: Abatements	(1,921)
Mortgage interest	1,362
Payroll and related expenses	6,712
Electric and gas	309
Heating	588
Water and sewer	466
Repairs and maintenance	1,144
Insurance	446
Management fees	534
Professional fees	607
Corporation taxes	136
Office and administration	164
Total Expenses	23,578
Income from Operations	20
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	83
Depreciation	(2,401)
Interest - amortization of mortgage costs	(41)
Net Income (Loss)	(2,338)