Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#5J
New York
NY 10016

Balance Sheets
Assets
Cash - operating	415
Cash and cash equivalents - reserve fund	6,167
Bank certificates of deposits - reserve fund	2,310
Due from shareholders	453
Due from commercial tenants	143
Other receivables	13
Prepaid real estate taxes	-0-
Prepaid expenses	217
Property and equipment - net	29,426
Investment in NCB stock	92
Security deposits held	1,182
Total Assets	40,417
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	699
Capital improvements payable	-0-
Abatements payable	965
Maintenance charges received in advance	56
Deferred commercial rent	507
Mortgage payable	33,376
Less: Mortgage costs - net	(243)
Security deposits payable	1,182
Total Liabilities	36,541
Shareholders' Equity
Capital stock	918
Additional paid-in capital	57,845
Retained earnings (deficit)	(54,887)
Total Shareholders' Equity	3,876
Total Liabilities and Shareholders' Equity	40,417

Statements of Operations
Income
Maintenance charges	20,381
Less: Abatements	(1,941)
Operating assessments	2,196
Commercial rent	1,885
Transfer fees	361
Laundry income	83
Other income	527
Total Income	23,492
Expenses
Real estate taxes	12,673
Less: Abatements	(1,941)
Mortgage interest	1,299
Payroll and related expenses	6,324
Electric and gas	287
Heating	616
Water and sewer	516
Repairs and maintenance	1,056
Insurance	439
Management fees	525
Professional fees	393
Corporation taxes	124
Office and administration	217
Total Expenses	22,525
Income from Operations	967
Other Items
Capital assessment	4,113
Commercial rent - straight-line adjustment	80
Depreciation	(2,404)
Interest - amortization of mortgage costs	(39)
Net Income (Loss)	2,718