Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#4H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	272
Cash and cash equivalents - reserve fund	4,036
Bank certificates of deposits - reserve fund	1,512
Due from shareholders	296
Due from commercial tenants	94
Other receivables	9
Prepaid real estate taxes	-0-
Prepaid expenses	142
Property and equipment - net	19,259
Investment in NCB stock	60
Security deposits held	773
Total Assets	26,453
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	457
Capital improvements payable	-0-
Abatements payable	632
Maintenance charges received in advance	37
Deferred commercial rent	332
Mortgage payable	21,845
Less: Mortgage costs - net	(159)
Security deposits payable	773
Total Liabilities	23,916
Shareholders' Equity
Capital stock	601
Additional paid-in capital	37,860
Retained earnings (deficit)	(35,924)
Total Shareholders' Equity	2,537
Total Liabilities and Shareholders' Equity	26,453

Statements of Operations
Income
Maintenance charges	13,339
Less: Abatements	(1,271)
Operating assessments	1,437
Commercial rent	1,234
Transfer fees	236
Laundry income	55
Other income	345
Total Income	15,376
Expenses
Real estate taxes	8,294
Less: Abatements	(1,271)
Mortgage interest	850
Payroll and related expenses	4,139
Electric and gas	188
Heating	403
Water and sewer	337
Repairs and maintenance	691
Insurance	287
Management fees	343
Professional fees	257
Corporation taxes	81
Office and administration	142
Total Expenses	14,743
Income from Operations	633
Other Items
Capital assessment	2,692
Commercial rent - straight-line adjustment	52
Depreciation	(1,573)
Interest - amortization of mortgage costs	(26)
Net Income (Loss)	1,779