Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#1B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	284
Cash and cash equivalents - reserve fund	2,060
Bank certificates of deposits - reserve fund	109
Due from shareholders	91
Due from commercial tenants	70
Other receivables	26
Prepaid real estate taxes	1,231
Prepaid expenses	118
Property and equipment - net	13,788
Investment in NCB stock	43
Security deposits held	453
Total Assets	18,273
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	260
Capital improvements payable	705
Abatements payable	436
Maintenance charges received in advance	92
Deferred commercial rent	275
Mortgage payable	15,642
Less: Mortgage costs - net	(132)
Security deposits payable	453
Total Liabilities	17,730
Shareholders' Equity
Capital stock	430
Additional paid-in capital	27,109
Retained earnings (deficit)	(26,996)
Total Shareholders' Equity	543
Total Liabilities and Shareholders' Equity	18,273

Statements of Operations
Income
Maintenance charges	9,140
Less: Abatements	(859)
Operating assessments	998
Commercial rent	814
Transfer fees	148
Laundry income	39
Other income	274
Total Income	10,554
Expenses
Real estate taxes	5,827
Less: Abatements	(859)
Mortgage interest	609
Payroll and related expenses	3,002
Electric and gas	138
Heating	263
Water and sewer	208
Repairs and maintenance	512
Insurance	200
Management fees	239
Professional fees	272
Corporation taxes	61
Office and administration	73
Total Expenses	10,545
Income from Operations	9
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	37
Depreciation	(1,074)
Interest - amortization of mortgage costs	(18)
Net Income (Loss)	(1,046)