Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#2H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	373
Cash and cash equivalents - reserve fund	2,706
Bank certificates of deposits - reserve fund	143
Due from shareholders	119
Due from commercial tenants	91
Other receivables	34
Prepaid real estate taxes	1,618
Prepaid expenses	156
Property and equipment - net	18,116
Investment in NCB stock	57
Security deposits held	595
Total Assets	24,008
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	342
Capital improvements payable	926
Abatements payable	573
Maintenance charges received in advance	121
Deferred commercial rent	361
Mortgage payable	20,551
Less: Mortgage costs - net	(174)
Security deposits payable	595
Total Liabilities	23,295
Shareholders' Equity
Capital stock	565
Additional paid-in capital	35,617
Retained earnings (deficit)	(35,469)
Total Shareholders' Equity	713
Total Liabilities and Shareholders' Equity	24,008

Statements of Operations
Income
Maintenance charges	12,009
Less: Abatements	(1,129)
Operating assessments	1,311
Commercial rent	1,069
Transfer fees	195
Laundry income	51
Other income	360
Total Income	13,866
Expenses
Real estate taxes	7,656
Less: Abatements	(1,129)
Mortgage interest	800
Payroll and related expenses	3,944
Electric and gas	182
Heating	346
Water and sewer	274
Repairs and maintenance	672
Insurance	262
Management fees	314
Professional fees	357
Corporation taxes	80
Office and administration	97
Total Expenses	13,854
Income from Operations	12
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	49
Depreciation	(1,411)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	(1,374)