Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#13F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	519
Cash and cash equivalents - reserve fund	3,758
Bank certificates of deposits - reserve fund	198
Due from shareholders	166
Due from commercial tenants	127
Other receivables	48
Prepaid real estate taxes	2,247
Prepaid expenses	216
Property and equipment - net	25,161
Investment in NCB stock	79
Security deposits held	827
Total Assets	33,345
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	474
Capital improvements payable	1,286
Abatements payable	796
Maintenance charges received in advance	168
Deferred commercial rent	502
Mortgage payable	28,543
Less: Mortgage costs - net	(241)
Security deposits payable	827
Total Liabilities	32,354
Shareholders' Equity
Capital stock	785
Additional paid-in capital	49,468
Retained earnings (deficit)	(49,262)
Total Shareholders' Equity	991
Total Liabilities and Shareholders' Equity	33,345

Statements of Operations
Income
Maintenance charges	16,679
Less: Abatements	(1,567)
Operating assessments	1,820
Commercial rent	1,485
Transfer fees	271
Laundry income	71
Other income	500
Total Income	19,259
Expenses
Real estate taxes	10,633
Less: Abatements	(1,567)
Mortgage interest	1,111
Payroll and related expenses	5,478
Electric and gas	253
Heating	480
Water and sewer	380
Repairs and maintenance	934
Insurance	364
Management fees	436
Professional fees	496
Corporation taxes	111
Office and administration	134
Total Expenses	19,242
Income from Operations	16
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	68
Depreciation	(1,959)
Interest - amortization of mortgage costs	(33)
Net Income (Loss)	(1,908)