Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#3F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	378
Cash and cash equivalents - reserve fund	2,741
Bank certificates of deposits - reserve fund	145
Due from shareholders	121
Due from commercial tenants	93
Other receivables	35
Prepaid real estate taxes	1,639
Prepaid expenses	158
Property and equipment - net	18,351
Investment in NCB stock	57
Security deposits held	603
Total Assets	24,320
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	346
Capital improvements payable	938
Abatements payable	580
Maintenance charges received in advance	123
Deferred commercial rent	366
Mortgage payable	20,817
Less: Mortgage costs - net	(176)
Security deposits payable	603
Total Liabilities	23,597
Shareholders' Equity
Capital stock	573
Additional paid-in capital	36,079
Retained earnings (deficit)	(35,929)
Total Shareholders' Equity	723
Total Liabilities and Shareholders' Equity	24,320

Statements of Operations
Income
Maintenance charges	12,165
Less: Abatements	(1,143)
Operating assessments	1,328
Commercial rent	1,083
Transfer fees	197
Laundry income	52
Other income	364
Total Income	14,046
Expenses
Real estate taxes	7,755
Less: Abatements	(1,143)
Mortgage interest	810
Payroll and related expenses	3,995
Electric and gas	184
Heating	350
Water and sewer	277
Repairs and maintenance	681
Insurance	266
Management fees	318
Professional fees	361
Corporation taxes	81
Office and administration	98
Total Expenses	14,034
Income from Operations	12
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	50
Depreciation	(1,429)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	(1,392)