Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#3H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	385
Cash and cash equivalents - reserve fund	2,791
Bank certificates of deposits - reserve fund	147
Due from shareholders	123
Due from commercial tenants	94
Other receivables	35
Prepaid real estate taxes	1,669
Prepaid expenses	160
Property and equipment - net	18,686
Investment in NCB stock	58
Security deposits held	614
Total Assets	24,764
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	352
Capital improvements payable	955
Abatements payable	591
Maintenance charges received in advance	125
Deferred commercial rent	373
Mortgage payable	21,198
Less: Mortgage costs - net	(179)
Security deposits payable	614
Total Liabilities	24,028
Shareholders' Equity
Capital stock	583
Additional paid-in capital	36,738
Retained earnings (deficit)	(36,586)
Total Shareholders' Equity	736
Total Liabilities and Shareholders' Equity	24,764

Statements of Operations
Income
Maintenance charges	12,387
Less: Abatements	(1,164)
Operating assessments	1,352
Commercial rent	1,103
Transfer fees	201
Laundry income	53
Other income	371
Total Income	14,303
Expenses
Real estate taxes	7,897
Less: Abatements	(1,164)
Mortgage interest	825
Payroll and related expenses	4,068
Electric and gas	188
Heating	357
Water and sewer	282
Repairs and maintenance	694
Insurance	271
Management fees	324
Professional fees	368
Corporation taxes	83
Office and administration	100
Total Expenses	14,291
Income from Operations	12
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	51
Depreciation	(1,455)
Interest - amortization of mortgage costs	(25)
Net Income (Loss)	(1,417)