Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#3F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	259
Cash and cash equivalents - reserve fund	3,846
Bank certificates of deposits - reserve fund	1,441
Due from shareholders	282
Due from commercial tenants	89
Other receivables	8
Prepaid real estate taxes	-0-
Prepaid expenses	135
Property and equipment - net	18,353
Investment in NCB stock	57
Security deposits held	737
Total Assets	25,209
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	436
Capital improvements payable	-0-
Abatements payable	602
Maintenance charges received in advance	35
Deferred commercial rent	316
Mortgage payable	20,817
Less: Mortgage costs - net	(152)
Security deposits payable	737
Total Liabilities	22,792
Shareholders' Equity
Capital stock	573
Additional paid-in capital	36,079
Retained earnings (deficit)	(34,234)
Total Shareholders' Equity	2,418
Total Liabilities and Shareholders' Equity	25,209

Statements of Operations
Income
Maintenance charges	12,712
Less: Abatements	(1,211)
Operating assessments	1,370
Commercial rent	1,176
Transfer fees	225
Laundry income	52
Other income	329
Total Income	14,653
Expenses
Real estate taxes	7,904
Less: Abatements	(1,211)
Mortgage interest	810
Payroll and related expenses	3,944
Electric and gas	179
Heating	384
Water and sewer	322
Repairs and maintenance	659
Insurance	274
Management fees	327
Professional fees	245
Corporation taxes	77
Office and administration	135
Total Expenses	14,049
Income from Operations	603
Other Items
Capital assessment	2,566
Commercial rent - straight-line adjustment	50
Depreciation	(1,499)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	1,695