Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#7G
New York
NY 10016

Balance Sheets
Assets
Cash - operating	429
Cash and cash equivalents - reserve fund	3,107
Bank certificates of deposits - reserve fund	164
Due from shareholders	137
Due from commercial tenants	105
Other receivables	39
Prepaid real estate taxes	1,858
Prepaid expenses	179
Property and equipment - net	20,800
Investment in NCB stock	65
Security deposits held	683
Total Assets	27,565
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	392
Capital improvements payable	1,063
Abatements payable	658
Maintenance charges received in advance	139
Deferred commercial rent	415
Mortgage payable	23,596
Less: Mortgage costs - net	(200)
Security deposits payable	683
Total Liabilities	26,746
Shareholders' Equity
Capital stock	649
Additional paid-in capital	40,894
Retained earnings (deficit)	(40,724)
Total Shareholders' Equity	819
Total Liabilities and Shareholders' Equity	27,565

Statements of Operations
Income
Maintenance charges	13,788
Less: Abatements	(1,296)
Operating assessments	1,505
Commercial rent	1,227
Transfer fees	224
Laundry income	59
Other income	413
Total Income	15,921
Expenses
Real estate taxes	8,790
Less: Abatements	(1,296)
Mortgage interest	919
Payroll and related expenses	4,528
Electric and gas	209
Heating	397
Water and sewer	314
Repairs and maintenance	772
Insurance	301
Management fees	360
Professional fees	410
Corporation taxes	92
Office and administration	111
Total Expenses	15,907
Income from Operations	14
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	56
Depreciation	(1,620)
Interest - amortization of mortgage costs	(28)
Net Income (Loss)	(1,578)