Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#4A
New York
NY 10016

Balance Sheets
Assets
Cash - operating	353
Cash and cash equivalents - reserve fund	5,246
Bank certificates of deposits - reserve fund	1,965
Due from shareholders	385
Due from commercial tenants	122
Other receivables	11
Prepaid real estate taxes	-0-
Prepaid expenses	184
Property and equipment - net	25,031
Investment in NCB stock	78
Security deposits held	1,005
Total Assets	34,380
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	594
Capital improvements payable	-0-
Abatements payable	821
Maintenance charges received in advance	48
Deferred commercial rent	431
Mortgage payable	28,391
Less: Mortgage costs - net	(207)
Security deposits payable	1,005
Total Liabilities	31,083
Shareholders' Equity
Capital stock	781
Additional paid-in capital	49,204
Retained earnings (deficit)	(46,688)
Total Shareholders' Equity	3,297
Total Liabilities and Shareholders' Equity	34,380

Statements of Operations
Income
Maintenance charges	17,336
Less: Abatements	(1,651)
Operating assessments	1,868
Commercial rent	1,604
Transfer fees	307
Laundry income	71
Other income	449
Total Income	19,983
Expenses
Real estate taxes	10,780
Less: Abatements	(1,651)
Mortgage interest	1,105
Payroll and related expenses	5,379
Electric and gas	244
Heating	524
Water and sewer	439
Repairs and maintenance	898
Insurance	373
Management fees	446
Professional fees	334
Corporation taxes	105
Office and administration	184
Total Expenses	19,160
Income from Operations	823
Other Items
Capital assessment	3,499
Commercial rent - straight-line adjustment	68
Depreciation	(2,045)
Interest - amortization of mortgage costs	(33)
Net Income (Loss)	2,312