Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#7C
New York
NY 10016

Balance Sheets
Assets
Cash - operating	346
Cash and cash equivalents - reserve fund	2,506
Bank certificates of deposits - reserve fund	132
Due from shareholders	110
Due from commercial tenants	85
Other receivables	32
Prepaid real estate taxes	1,498
Prepaid expenses	144
Property and equipment - net	16,774
Investment in NCB stock	52
Security deposits held	551
Total Assets	22,230
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	316
Capital improvements payable	857
Abatements payable	531
Maintenance charges received in advance	112
Deferred commercial rent	334
Mortgage payable	19,029
Less: Mortgage costs - net	(161)
Security deposits payable	551
Total Liabilities	21,569
Shareholders' Equity
Capital stock	523
Additional paid-in capital	32,979
Retained earnings (deficit)	(32,842)
Total Shareholders' Equity	661
Total Liabilities and Shareholders' Equity	22,230

Statements of Operations
Income
Maintenance charges	11,120
Less: Abatements	(1,045)
Operating assessments	1,214
Commercial rent	990
Transfer fees	180
Laundry income	48
Other income	333
Total Income	12,839
Expenses
Real estate taxes	7,089
Less: Abatements	(1,045)
Mortgage interest	741
Payroll and related expenses	3,652
Electric and gas	168
Heating	320
Water and sewer	253
Repairs and maintenance	623
Insurance	243
Management fees	290
Professional fees	330
Corporation taxes	74
Office and administration	89
Total Expenses	12,828
Income from Operations	11
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	45
Depreciation	(1,306)
Interest - amortization of mortgage costs	(22)
Net Income (Loss)	(1,272)