Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#4J
New York
NY 10016

Balance Sheets
Assets
Cash - operating	589
Cash and cash equivalents - reserve fund	4,269
Bank certificates of deposits - reserve fund	225
Due from shareholders	188
Due from commercial tenants	144
Other receivables	54
Prepaid real estate taxes	2,553
Prepaid expenses	245
Property and equipment - net	28,583
Investment in NCB stock	89
Security deposits held	939
Total Assets	37,880
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	539
Capital improvements payable	1,461
Abatements payable	904
Maintenance charges received in advance	191
Deferred commercial rent	570
Mortgage payable	32,425
Less: Mortgage costs - net	(274)
Security deposits payable	939
Total Liabilities	36,754
Shareholders' Equity
Capital stock	892
Additional paid-in capital	56,196
Retained earnings (deficit)	(55,962)
Total Shareholders' Equity	1,126
Total Liabilities and Shareholders' Equity	37,880

Statements of Operations
Income
Maintenance charges	18,948
Less: Abatements	(1,781)
Operating assessments	2,068
Commercial rent	1,687
Transfer fees	307
Laundry income	81
Other income	568
Total Income	21,878
Expenses
Real estate taxes	12,079
Less: Abatements	(1,781)
Mortgage interest	1,262
Payroll and related expenses	6,223
Electric and gas	287
Heating	546
Water and sewer	432
Repairs and maintenance	1,061
Insurance	414
Management fees	495
Professional fees	563
Corporation taxes	126
Office and administration	152
Total Expenses	21,859
Income from Operations	19
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	77
Depreciation	(2,226)
Interest - amortization of mortgage costs	(38)
Net Income (Loss)	(2,168)