Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#5G
New York
NY 10016

Balance Sheets
Assets
Cash - operating	402
Cash and cash equivalents - reserve fund	2,911
Bank certificates of deposits - reserve fund	154
Due from shareholders	128
Due from commercial tenants	98
Other receivables	37
Prepaid real estate taxes	1,741
Prepaid expenses	167
Property and equipment - net	19,491
Investment in NCB stock	61
Security deposits held	640
Total Assets	25,831
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	367
Capital improvements payable	996
Abatements payable	616
Maintenance charges received in advance	130
Deferred commercial rent	389
Mortgage payable	22,111
Less: Mortgage costs - net	(187)
Security deposits payable	640
Total Liabilities	25,064
Shareholders' Equity
Capital stock	608
Additional paid-in capital	38,321
Retained earnings (deficit)	(38,162)
Total Shareholders' Equity	768
Total Liabilities and Shareholders' Equity	25,831

Statements of Operations
Income
Maintenance charges	12,921
Less: Abatements	(1,214)
Operating assessments	1,410
Commercial rent	1,150
Transfer fees	210
Laundry income	55
Other income	387
Total Income	14,919
Expenses
Real estate taxes	8,237
Less: Abatements	(1,214)
Mortgage interest	861
Payroll and related expenses	4,244
Electric and gas	196
Heating	372
Water and sewer	294
Repairs and maintenance	723
Insurance	282
Management fees	337
Professional fees	384
Corporation taxes	86
Office and administration	104
Total Expenses	14,906
Income from Operations	13
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	53
Depreciation	(1,518)
Interest - amortization of mortgage costs	(26)
Net Income (Loss)	(1,478)