Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#12E
New York
NY 10016

Balance Sheets
Assets
Cash - operating	349
Cash and cash equivalents - reserve fund	5,175
Bank certificates of deposits - reserve fund	1,938
Due from shareholders	380
Due from commercial tenants	120
Other receivables	11
Prepaid real estate taxes	-0-
Prepaid expenses	182
Property and equipment - net	24,695
Investment in NCB stock	77
Security deposits held	992
Total Assets	33,919
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	586
Capital improvements payable	-0-
Abatements payable	810
Maintenance charges received in advance	47
Deferred commercial rent	426
Mortgage payable	28,010
Less: Mortgage costs - net	(204)
Security deposits payable	992
Total Liabilities	30,666
Shareholders' Equity
Capital stock	770
Additional paid-in capital	48,545
Retained earnings (deficit)	(46,062)
Total Shareholders' Equity	3,253
Total Liabilities and Shareholders' Equity	33,919

Statements of Operations
Income
Maintenance charges	17,104
Less: Abatements	(1,629)
Operating assessments	1,843
Commercial rent	1,582
Transfer fees	303
Laundry income	70
Other income	443
Total Income	19,715
Expenses
Real estate taxes	10,635
Less: Abatements	(1,629)
Mortgage interest	1,091
Payroll and related expenses	5,307
Electric and gas	241
Heating	517
Water and sewer	433
Repairs and maintenance	886
Insurance	368
Management fees	440
Professional fees	330
Corporation taxes	104
Office and administration	182
Total Expenses	18,904
Income from Operations	812
Other Items
Capital assessment	3,452
Commercial rent - straight-line adjustment	67
Depreciation	(2,017)
Interest - amortization of mortgage costs	(33)
Net Income (Loss)	2,281