Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#6C
New York
NY 10016

310 Lexington Owners Corp.

Financial Statements

Balance Sheets

Balance Sheets
Assets
Cash - operating 335
Cash and cash equivalents - reserve fund 2,430
Bank certificates of deposits - reserve fund 128
Due from shareholders 107
Due from commercial tenants 82
Other receivables 31
Prepaid real estate taxes 1,453
Prepaid expenses 140
Property and equipment - net 16,271
Investment in NCB stock 51
Security deposits held 535
Total Assets 21,563
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses 307
Capital improvements payable 831
Abatements payable 515
Maintenance charges received in advance 109
Deferred commercial rent 324
Mortgage payable 18,458
Less: Mortgage costs - net (156)
Security deposits payable 535
Total Liabilities 20,922
Shareholders' Equity
Capital stock 508
Additional paid-in capital 31,989
Retained earnings (deficit) (31,856)
Total Shareholders' Equity 641
Total Liabilities and Shareholders' Equity 21,563

Statements of Operations

Statements of Operations
Income
Maintenance charges 10,786
Less: Abatements (1,014)
Operating assessments 1,177
Commercial rent 960
Transfer fees 175
Laundry income 46
Other income 323
Total Income 12,454
Expenses
Real estate taxes 6,876
Less: Abatements (1,014)
Mortgage interest 719
Payroll and related expenses 3,542
Electric and gas 163
Heating 311
Water and sewer 246
Repairs and maintenance 604
Insurance 236
Management fees 282
Professional fees 321
Corporation taxes 72
Office and administration 87
Total Expenses 12,443
Income from Operations 11
Other Items
Capital assessment -0-
Commercial rent - straight-line adjustment 44
Depreciation (1,267)
Interest - amortization of mortgage costs (22)
Net Income (Loss) (1,234)