Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#14B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	301
Cash and cash equivalents - reserve fund	4,465
Bank certificates of deposits - reserve fund	1,672
Due from shareholders	328
Due from commercial tenants	104
Other receivables	9
Prepaid real estate taxes	-0-
Prepaid expenses	157
Property and equipment - net	21,306
Investment in NCB stock	67
Security deposits held	856
Total Assets	29,265
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	506
Capital improvements payable	-0-
Abatements payable	699
Maintenance charges received in advance	41
Deferred commercial rent	367
Mortgage payable	24,166
Less: Mortgage costs - net	(176)
Security deposits payable	856
Total Liabilities	26,458
Shareholders' Equity
Capital stock	665
Additional paid-in capital	41,883
Retained earnings (deficit)	(39,741)
Total Shareholders' Equity	2,806
Total Liabilities and Shareholders' Equity	29,265

Statements of Operations
Income
Maintenance charges	14,757
Less: Abatements	(1,406)
Operating assessments	1,590
Commercial rent	1,365
Transfer fees	261
Laundry income	60
Other income	382
Total Income	17,010
Expenses
Real estate taxes	9,176
Less: Abatements	(1,406)
Mortgage interest	941
Payroll and related expenses	4,579
Electric and gas	208
Heating	446
Water and sewer	373
Repairs and maintenance	764
Insurance	318
Management fees	380
Professional fees	284
Corporation taxes	90
Office and administration	157
Total Expenses	16,310
Income from Operations	700
Other Items
Capital assessment	2,978
Commercial rent - straight-line adjustment	58
Depreciation	(1,740)
Interest - amortization of mortgage costs	(28)
Net Income (Loss)	1,968