Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#4F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	390
Cash and cash equivalents - reserve fund	2,826
Bank certificates of deposits - reserve fund	149
Due from shareholders	125
Due from commercial tenants	95
Other receivables	36
Prepaid real estate taxes	1,690
Prepaid expenses	162
Property and equipment - net	18,921
Investment in NCB stock	59
Security deposits held	622
Total Assets	25,075
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	357
Capital improvements payable	967
Abatements payable	598
Maintenance charges received in advance	126
Deferred commercial rent	377
Mortgage payable	21,464
Less: Mortgage costs - net	(181)
Security deposits payable	622
Total Liabilities	24,330
Shareholders' Equity
Capital stock	590
Additional paid-in capital	37,200
Retained earnings (deficit)	(37,045)
Total Shareholders' Equity	745
Total Liabilities and Shareholders' Equity	25,075

Statements of Operations
Income
Maintenance charges	12,543
Less: Abatements	(1,179)
Operating assessments	1,369
Commercial rent	1,117
Transfer fees	203
Laundry income	54
Other income	376
Total Income	14,483
Expenses
Real estate taxes	7,996
Less: Abatements	(1,179)
Mortgage interest	836
Payroll and related expenses	4,119
Electric and gas	190
Heating	361
Water and sewer	286
Repairs and maintenance	702
Insurance	274
Management fees	328
Professional fees	373
Corporation taxes	84
Office and administration	101
Total Expenses	14,470
Income from Operations	12
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	51
Depreciation	(1,473)
Interest - amortization of mortgage costs	(25)
Net Income (Loss)	(1,435)