Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#2C
New York
NY 10016

Balance Sheets
Assets
Cash - operating	294
Cash and cash equivalents - reserve fund	2,130
Bank certificates of deposits - reserve fund	112
Due from shareholders	94
Due from commercial tenants	72
Other receivables	27
Prepaid real estate taxes	1,273
Prepaid expenses	122
Property and equipment - net	14,258
Investment in NCB stock	45
Security deposits held	468
Total Assets	18,895
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	269
Capital improvements payable	729
Abatements payable	451
Maintenance charges received in advance	95
Deferred commercial rent	284
Mortgage payable	16,174
Less: Mortgage costs - net	(137)
Security deposits payable	468
Total Liabilities	18,334
Shareholders' Equity
Capital stock	445
Additional paid-in capital	28,032
Retained earnings (deficit)	(27,915)
Total Shareholders' Equity	561
Total Liabilities and Shareholders' Equity	18,895

Statements of Operations
Income
Maintenance charges	9,452
Less: Abatements	(888)
Operating assessments	1,032
Commercial rent	841
Transfer fees	153
Laundry income	40
Other income	283
Total Income	10,913
Expenses
Real estate taxes	6,025
Less: Abatements	(888)
Mortgage interest	630
Payroll and related expenses	3,104
Electric and gas	143
Heating	272
Water and sewer	215
Repairs and maintenance	529
Insurance	206
Management fees	247
Professional fees	281
Corporation taxes	63
Office and administration	76
Total Expenses	10,904
Income from Operations	9
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	39
Depreciation	(1,110)
Interest - amortization of mortgage costs	(19)
Net Income (Loss)	(1,081)