Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#2F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	251
Cash and cash equivalents - reserve fund	3,727
Bank certificates of deposits - reserve fund	1,396
Due from shareholders	274
Due from commercial tenants	87
Other receivables	8
Prepaid real estate taxes	-0-
Prepaid expenses	131
Property and equipment - net	17,783
Investment in NCB stock	56
Security deposits held	714
Total Assets	24,426
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	422
Capital improvements payable	-0-
Abatements payable	583
Maintenance charges received in advance	34
Deferred commercial rent	306
Mortgage payable	20,170
Less: Mortgage costs - net	(147)
Security deposits payable	714
Total Liabilities	22,083
Shareholders' Equity
Capital stock	555
Additional paid-in capital	34,958
Retained earnings (deficit)	(33,170)
Total Shareholders' Equity	2,342
Total Liabilities and Shareholders' Equity	24,426

Statements of Operations
Income
Maintenance charges	12,317
Less: Abatements	(1,173)
Operating assessments	1,327
Commercial rent	1,139
Transfer fees	218
Laundry income	50
Other income	319
Total Income	14,197
Expenses
Real estate taxes	7,659
Less: Abatements	(1,173)
Mortgage interest	785
Payroll and related expenses	3,822
Electric and gas	173
Heating	372
Water and sewer	312
Repairs and maintenance	638
Insurance	265
Management fees	317
Professional fees	237
Corporation taxes	75
Office and administration	131
Total Expenses	13,613
Income from Operations	584
Other Items
Capital assessment	2,486
Commercial rent - straight-line adjustment	48
Depreciation	(1,453)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	1,642