Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#12F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	502
Cash and cash equivalents - reserve fund	3,638
Bank certificates of deposits - reserve fund	192
Due from shareholders	160
Due from commercial tenants	123
Other receivables	46
Prepaid real estate taxes	2,175
Prepaid expenses	209
Property and equipment - net	24,356
Investment in NCB stock	76
Security deposits held	800
Total Assets	32,278
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	459
Capital improvements payable	1,245
Abatements payable	770
Maintenance charges received in advance	163
Deferred commercial rent	486
Mortgage payable	27,630
Less: Mortgage costs - net	(234)
Security deposits payable	800
Total Liabilities	31,319
Shareholders' Equity
Capital stock	760
Additional paid-in capital	47,885
Retained earnings (deficit)	(47,686)
Total Shareholders' Equity	959
Total Liabilities and Shareholders' Equity	32,278

Statements of Operations
Income
Maintenance charges	16,146
Less: Abatements	(1,517)
Operating assessments	1,762
Commercial rent	1,437
Transfer fees	262
Laundry income	69
Other income	484
Total Income	18,642
Expenses
Real estate taxes	10,293
Less: Abatements	(1,517)
Mortgage interest	1,076
Payroll and related expenses	5,303
Electric and gas	244
Heating	465
Water and sewer	368
Repairs and maintenance	904
Insurance	353
Management fees	422
Professional fees	480
Corporation taxes	108
Office and administration	130
Total Expenses	18,627
Income from Operations	16
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	66
Depreciation	(1,897)
Interest - amortization of mortgage costs	(32)
Net Income (Loss)	(1,847)