Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#4E
New York
NY 10016

Balance Sheets
Assets
Cash - operating	397
Cash and cash equivalents - reserve fund	2,876
Bank certificates of deposits - reserve fund	152
Due from shareholders	127
Due from commercial tenants	97
Other receivables	36
Prepaid real estate taxes	1,720
Prepaid expenses	165
Property and equipment - net	19,257
Investment in NCB stock	60
Security deposits held	633
Total Assets	25,520
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	363
Capital improvements payable	984
Abatements payable	609
Maintenance charges received in advance	129
Deferred commercial rent	384
Mortgage payable	21,845
Less: Mortgage costs - net	(185)
Security deposits payable	633
Total Liabilities	24,762
Shareholders' Equity
Capital stock	601
Additional paid-in capital	37,860
Retained earnings (deficit)	(37,702)
Total Shareholders' Equity	758
Total Liabilities and Shareholders' Equity	25,520

Statements of Operations
Income
Maintenance charges	12,765
Less: Abatements	(1,200)
Operating assessments	1,393
Commercial rent	1,136
Transfer fees	207
Laundry income	55
Other income	382
Total Income	14,739
Expenses
Real estate taxes	8,138
Less: Abatements	(1,200)
Mortgage interest	850
Payroll and related expenses	4,192
Electric and gas	193
Heating	368
Water and sewer	291
Repairs and maintenance	715
Insurance	279
Management fees	333
Professional fees	379
Corporation taxes	85
Office and administration	103
Total Expenses	14,727
Income from Operations	13
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	52
Depreciation	(1,500)
Interest - amortization of mortgage costs	(26)
Net Income (Loss)	(1,461)