Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#7H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	298
Cash and cash equivalents - reserve fund	4,430
Bank certificates of deposits - reserve fund	1,659
Due from shareholders	325
Due from commercial tenants	103
Other receivables	9
Prepaid real estate taxes	-0-
Prepaid expenses	156
Property and equipment - net	21,138
Investment in NCB stock	66
Security deposits held	849
Total Assets	29,034
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	502
Capital improvements payable	-0-
Abatements payable	693
Maintenance charges received in advance	40
Deferred commercial rent	364
Mortgage payable	23,976
Less: Mortgage costs - net	(175)
Security deposits payable	849
Total Liabilities	26,250
Shareholders' Equity
Capital stock	659
Additional paid-in capital	41,553
Retained earnings (deficit)	(39,428)
Total Shareholders' Equity	2,784
Total Liabilities and Shareholders' Equity	29,034

Statements of Operations
Income
Maintenance charges	14,641
Less: Abatements	(1,395)
Operating assessments	1,578
Commercial rent	1,354
Transfer fees	259
Laundry income	60
Other income	379
Total Income	16,876
Expenses
Real estate taxes	9,104
Less: Abatements	(1,395)
Mortgage interest	933
Payroll and related expenses	4,543
Electric and gas	206
Heating	443
Water and sewer	370
Repairs and maintenance	758
Insurance	315
Management fees	377
Professional fees	282
Corporation taxes	89
Office and administration	156
Total Expenses	16,181
Income from Operations	695
Other Items
Capital assessment	2,955
Commercial rent - straight-line adjustment	57
Depreciation	(1,727)
Interest - amortization of mortgage costs	(28)
Net Income (Loss)	1,952