Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#13H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	526
Cash and cash equivalents - reserve fund	3,808
Bank certificates of deposits - reserve fund	201
Due from shareholders	168
Due from commercial tenants	129
Other receivables	48
Prepaid real estate taxes	2,277
Prepaid expenses	219
Property and equipment - net	25,496
Investment in NCB stock	80
Security deposits held	838
Total Assets	33,790
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	481
Capital improvements payable	1,303
Abatements payable	806
Maintenance charges received in advance	170
Deferred commercial rent	508
Mortgage payable	28,924
Less: Mortgage costs - net	(245)
Security deposits payable	838
Total Liabilities	32,786
Shareholders' Equity
Capital stock	795
Additional paid-in capital	50,128
Retained earnings (deficit)	(49,919)
Total Shareholders' Equity	1,004
Total Liabilities and Shareholders' Equity	33,790

Statements of Operations
Income
Maintenance charges	16,902
Less: Abatements	(1,588)
Operating assessments	1,845
Commercial rent	1,505
Transfer fees	274
Laundry income	72
Other income	506
Total Income	19,516
Expenses
Real estate taxes	10,775
Less: Abatements	(1,588)
Mortgage interest	1,126
Payroll and related expenses	5,551
Electric and gas	256
Heating	487
Water and sewer	385
Repairs and maintenance	946
Insurance	369
Management fees	441
Professional fees	502
Corporation taxes	113
Office and administration	136
Total Expenses	19,499
Income from Operations	17
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	69
Depreciation	(1,986)
Interest - amortization of mortgage costs	(34)
Net Income (Loss)	(1,934)