Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#4B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	216
Cash and cash equivalents - reserve fund	3,200
Bank certificates of deposits - reserve fund	1,198
Due from shareholders	235
Due from commercial tenants	74
Other receivables	7
Prepaid real estate taxes	-0-
Prepaid expenses	112
Property and equipment - net	15,267
Investment in NCB stock	48
Security deposits held	613
Total Assets	20,969
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	362
Capital improvements payable	-0-
Abatements payable	501
Maintenance charges received in advance	29
Deferred commercial rent	263
Mortgage payable	17,316
Less: Mortgage costs - net	(126)
Security deposits payable	613
Total Liabilities	18,958
Shareholders' Equity
Capital stock	476
Additional paid-in capital	30,011
Retained earnings (deficit)	(28,476)
Total Shareholders' Equity	2,011
Total Liabilities and Shareholders' Equity	20,969

Statements of Operations
Income
Maintenance charges	10,574
Less: Abatements	(1,007)
Operating assessments	1,139
Commercial rent	978
Transfer fees	187
Laundry income	43
Other income	274
Total Income	12,188
Expenses
Real estate taxes	6,575
Less: Abatements	(1,007)
Mortgage interest	674
Payroll and related expenses	3,281
Electric and gas	149
Heating	320
Water and sewer	267
Repairs and maintenance	548
Insurance	228
Management fees	272
Professional fees	204
Corporation taxes	64
Office and administration	112
Total Expenses	11,686
Income from Operations	502
Other Items
Capital assessment	2,134
Commercial rent - straight-line adjustment	41
Depreciation	(1,247)
Interest - amortization of mortgage costs	(20)
Net Income (Loss)	1,410