Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#6H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	289
Cash and cash equivalents - reserve fund	4,289
Bank certificates of deposits - reserve fund	1,606
Due from shareholders	315
Due from commercial tenants	100
Other receivables	9
Prepaid real estate taxes	-0-
Prepaid expenses	151
Property and equipment - net	20,467
Investment in NCB stock	64
Security deposits held	822
Total Assets	28,112
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	486
Capital improvements payable	-0-
Abatements payable	671
Maintenance charges received in advance	39
Deferred commercial rent	353
Mortgage payable	23,215
Less: Mortgage costs - net	(169)
Security deposits payable	822
Total Liabilities	25,416
Shareholders' Equity
Capital stock	638
Additional paid-in capital	40,234
Retained earnings (deficit)	(38,177)
Total Shareholders' Equity	2,696
Total Liabilities and Shareholders' Equity	28,112

Statements of Operations
Income
Maintenance charges	14,176
Less: Abatements	(1,350)
Operating assessments	1,528
Commercial rent	1,311
Transfer fees	251
Laundry income	58
Other income	367
Total Income	16,340
Expenses
Real estate taxes	8,815
Less: Abatements	(1,350)
Mortgage interest	904
Payroll and related expenses	4,398
Electric and gas	199
Heating	429
Water and sewer	359
Repairs and maintenance	734
Insurance	305
Management fees	365
Professional fees	273
Corporation taxes	86
Office and administration	151
Total Expenses	15,667
Income from Operations	673
Other Items
Capital assessment	2,861
Commercial rent - straight-line adjustment	55
Depreciation	(1,672)
Interest - amortization of mortgage costs	(27)
Net Income (Loss)	1,890