Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#2B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	201
Cash and cash equivalents - reserve fund	2,989
Bank certificates of deposits - reserve fund	1,119
Due from shareholders	219
Due from commercial tenants	70
Other receivables	6
Prepaid real estate taxes	-0-
Prepaid expenses	105
Property and equipment - net	14,260
Investment in NCB stock	45
Security deposits held	573
Total Assets	19,587
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	339
Capital improvements payable	-0-
Abatements payable	468
Maintenance charges received in advance	27
Deferred commercial rent	246
Mortgage payable	16,174
Less: Mortgage costs - net	(118)
Security deposits payable	573
Total Liabilities	17,708
Shareholders' Equity
Capital stock	445
Additional paid-in capital	28,032
Retained earnings (deficit)	(26,598)
Total Shareholders' Equity	1,878
Total Liabilities and Shareholders' Equity	19,587

Statements of Operations
Income
Maintenance charges	9,877
Less: Abatements	(941)
Operating assessments	1,064
Commercial rent	914
Transfer fees	175
Laundry income	40
Other income	256
Total Income	11,385
Expenses
Real estate taxes	6,141
Less: Abatements	(941)
Mortgage interest	630
Payroll and related expenses	3,065
Electric and gas	139
Heating	299
Water and sewer	250
Repairs and maintenance	512
Insurance	213
Management fees	254
Professional fees	190
Corporation taxes	60
Office and administration	105
Total Expenses	10,916
Income from Operations	469
Other Items
Capital assessment	1,993
Commercial rent - straight-line adjustment	39
Depreciation	(1,165)
Interest - amortization of mortgage costs	(19)
Net Income (Loss)	1,317