Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#4A
New York
NY 10016

Balance Sheets
Assets
Cash - operating	516
Cash and cash equivalents - reserve fund	3,738
Bank certificates of deposits - reserve fund	197
Due from shareholders	165
Due from commercial tenants	126
Other receivables	47
Prepaid real estate taxes	2,235
Prepaid expenses	215
Property and equipment - net	25,027
Investment in NCB stock	78
Security deposits held	822
Total Assets	33,167
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	472
Capital improvements payable	1,279
Abatements payable	792
Maintenance charges received in advance	167
Deferred commercial rent	499
Mortgage payable	28,391
Less: Mortgage costs - net	(240)
Security deposits payable	822
Total Liabilities	32,182
Shareholders' Equity
Capital stock	781
Additional paid-in capital	49,204
Retained earnings (deficit)	(49,000)
Total Shareholders' Equity	986
Total Liabilities and Shareholders' Equity	33,167

Statements of Operations
Income
Maintenance charges	16,590
Less: Abatements	(1,559)
Operating assessments	1,811
Commercial rent	1,477
Transfer fees	269
Laundry income	71
Other income	497
Total Income	19,156
Expenses
Real estate taxes	10,576
Less: Abatements	(1,559)
Mortgage interest	1,105
Payroll and related expenses	5,449
Electric and gas	251
Heating	478
Water and sewer	378
Repairs and maintenance	929
Insurance	362
Management fees	433
Professional fees	493
Corporation taxes	111
Office and administration	133
Total Expenses	19,140
Income from Operations	16
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	68
Depreciation	(1,949)
Interest - amortization of mortgage costs	(33)
Net Income (Loss)	(1,898)