Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#5C
New York
NY 10016

Balance Sheets
Assets
Cash - operating	325
Cash and cash equivalents - reserve fund	2,355
Bank certificates of deposits - reserve fund	124
Due from shareholders	104
Due from commercial tenants	80
Other receivables	30
Prepaid real estate taxes	1,408
Prepaid expenses	135
Property and equipment - net	15,768
Investment in NCB stock	49
Security deposits held	518
Total Assets	20,896
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	297
Capital improvements payable	806
Abatements payable	499
Maintenance charges received in advance	105
Deferred commercial rent	314
Mortgage payable	17,887
Less: Mortgage costs - net	(151)
Security deposits payable	518
Total Liabilities	20,275
Shareholders' Equity
Capital stock	492
Additional paid-in capital	31,000
Retained earnings (deficit)	(30,871)
Total Shareholders' Equity	621
Total Liabilities and Shareholders' Equity	20,896

Statements of Operations
Income
Maintenance charges	10,452
Less: Abatements	(982)
Operating assessments	1,141
Commercial rent	930
Transfer fees	170
Laundry income	45
Other income	313
Total Income	12,069
Expenses
Real estate taxes	6,663
Less: Abatements	(982)
Mortgage interest	696
Payroll and related expenses	3,433
Electric and gas	158
Heating	301
Water and sewer	238
Repairs and maintenance	585
Insurance	228
Management fees	273
Professional fees	311
Corporation taxes	70
Office and administration	84
Total Expenses	12,059
Income from Operations	10
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	43
Depreciation	(1,228)
Interest - amortization of mortgage costs	(21)
Net Income (Loss)	(1,196)