Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#2H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	256
Cash and cash equivalents - reserve fund	3,797
Bank certificates of deposits - reserve fund	1,422
Due from shareholders	279
Due from commercial tenants	88
Other receivables	8
Prepaid real estate taxes	-0-
Prepaid expenses	133
Property and equipment - net	18,119
Investment in NCB stock	57
Security deposits held	728
Total Assets	24,886
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	430
Capital improvements payable	-0-
Abatements payable	594
Maintenance charges received in advance	34
Deferred commercial rent	312
Mortgage payable	20,551
Less: Mortgage costs - net	(150)
Security deposits payable	728
Total Liabilities	22,500
Shareholders' Equity
Capital stock	565
Additional paid-in capital	35,617
Retained earnings (deficit)	(33,796)
Total Shareholders' Equity	2,387
Total Liabilities and Shareholders' Equity	24,886

Statements of Operations
Income
Maintenance charges	12,549
Less: Abatements	(1,195)
Operating assessments	1,352
Commercial rent	1,161
Transfer fees	222
Laundry income	51
Other income	325
Total Income	14,465
Expenses
Real estate taxes	7,803
Less: Abatements	(1,195)
Mortgage interest	800
Payroll and related expenses	3,894
Electric and gas	176
Heating	379
Water and sewer	317
Repairs and maintenance	650
Insurance	270
Management fees	323
Professional fees	242
Corporation taxes	76
Office and administration	133
Total Expenses	13,870
Income from Operations	595
Other Items
Capital assessment	2,533
Commercial rent - straight-line adjustment	49
Depreciation	(1,480)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	1,673