Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#5H
New York
NY 10016

310 Lexington Owners Corp.

Financial Statements

Balance Sheets

Balance Sheets
Assets
Cash - operating 280
Cash and cash equivalents - reserve fund 4,156
Bank certificates of deposits - reserve fund 1,556
Due from shareholders 305
Due from commercial tenants 97
Other receivables 9
Prepaid real estate taxes -0-
Prepaid expenses 146
Property and equipment - net 19,830
Investment in NCB stock 62
Security deposits held 796
Total Assets 27,237
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses 471
Capital improvements payable -0-
Abatements payable 650
Maintenance charges received in advance 38
Deferred commercial rent 342
Mortgage payable 22,492
Less: Mortgage costs - net (164)
Security deposits payable 796
Total Liabilities 24,625
Shareholders' Equity
Capital stock 619
Additional paid-in capital 38,981
Retained earnings (deficit) (36,987)
Total Shareholders' Equity 2,612
Total Liabilities and Shareholders' Equity 27,237

Statements of Operations

Statements of Operations
Income
Maintenance charges 13,734
Less: Abatements (1,308)
Operating assessments 1,480
Commercial rent 1,270
Transfer fees 243
Laundry income 56
Other income 355
Total Income 15,831
Expenses
Real estate taxes 8,540
Less: Abatements (1,308)
Mortgage interest 876
Payroll and related expenses 4,261
Electric and gas 193
Heating 415
Water and sewer 347
Repairs and maintenance 712
Insurance 296
Management fees 354
Professional fees 265
Corporation taxes 83
Office and administration 146
Total Expenses 15,179
Income from Operations 652
Other Items
Capital assessment 2,772
Commercial rent - straight-line adjustment 54
Depreciation (1,620)
Interest - amortization of mortgage costs (26)
Net Income (Loss) 1,831