Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#11G
New York
NY 10016

Balance Sheets
Assets
Cash - operating	333
Cash and cash equivalents - reserve fund	4,943
Bank certificates of deposits - reserve fund	1,851
Due from shareholders	363
Due from commercial tenants	115
Other receivables	10
Prepaid real estate taxes	-0-
Prepaid expenses	174
Property and equipment - net	23,588
Investment in NCB stock	74
Security deposits held	947
Total Assets	32,398
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	560
Capital improvements payable	-0-
Abatements payable	774
Maintenance charges received in advance	45
Deferred commercial rent	406
Mortgage payable	26,754
Less: Mortgage costs - net	(195)
Security deposits payable	947
Total Liabilities	29,291
Shareholders' Equity
Capital stock	736
Additional paid-in capital	46,368
Retained earnings (deficit)	(43,997)
Total Shareholders' Equity	3,107
Total Liabilities and Shareholders' Equity	32,398

Statements of Operations
Income
Maintenance charges	16,337
Less: Abatements	(1,556)
Operating assessments	1,761
Commercial rent	1,511
Transfer fees	289
Laundry income	67
Other income	423
Total Income	18,831
Expenses
Real estate taxes	10,158
Less: Abatements	(1,556)
Mortgage interest	1,042
Payroll and related expenses	5,069
Electric and gas	230
Heating	494
Water and sewer	413
Repairs and maintenance	846
Insurance	352
Management fees	421
Professional fees	315
Corporation taxes	99
Office and administration	174
Total Expenses	18,056
Income from Operations	775
Other Items
Capital assessment	3,297
Commercial rent - straight-line adjustment	64
Depreciation	(1,927)
Interest - amortization of mortgage costs	(31)
Net Income (Loss)	2,178