Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#6E
New York
NY 10016

Balance Sheets
Assets
Cash - operating	422
Cash and cash equivalents - reserve fund	3,057
Bank certificates of deposits - reserve fund	161
Due from shareholders	135
Due from commercial tenants	103
Other receivables	39
Prepaid real estate taxes	1,828
Prepaid expenses	176
Property and equipment - net	20,464
Investment in NCB stock	64
Security deposits held	672
Total Assets	27,121
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	386
Capital improvements payable	1,046
Abatements payable	647
Maintenance charges received in advance	137
Deferred commercial rent	408
Mortgage payable	23,215
Less: Mortgage costs - net	(196)
Security deposits payable	672
Total Liabilities	26,315
Shareholders' Equity
Capital stock	638
Additional paid-in capital	40,234
Retained earnings (deficit)	(40,067)
Total Shareholders' Equity	806
Total Liabilities and Shareholders' Equity	27,121

Statements of Operations
Income
Maintenance charges	13,566
Less: Abatements	(1,275)
Operating assessments	1,481
Commercial rent	1,208
Transfer fees	220
Laundry income	58
Other income	406
Total Income	15,664
Expenses
Real estate taxes	8,648
Less: Abatements	(1,275)
Mortgage interest	904
Payroll and related expenses	4,455
Electric and gas	205
Heating	391
Water and sewer	309
Repairs and maintenance	760
Insurance	296
Management fees	354
Professional fees	403
Corporation taxes	91
Office and administration	109
Total Expenses	15,650
Income from Operations	13
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	55
Depreciation	(1,594)
Interest - amortization of mortgage costs	(27)
Net Income (Loss)	(1,552)