Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#8B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	358
Cash and cash equivalents - reserve fund	2,596
Bank certificates of deposits - reserve fund	137
Due from shareholders	114
Due from commercial tenants	88
Other receivables	33
Prepaid real estate taxes	1,552
Prepaid expenses	149
Property and equipment - net	17,378
Investment in NCB stock	54
Security deposits held	571
Total Assets	23,030
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	328
Capital improvements payable	888
Abatements payable	550
Maintenance charges received in advance	116
Deferred commercial rent	347
Mortgage payable	19,714
Less: Mortgage costs - net	(167)
Security deposits payable	571
Total Liabilities	22,346
Shareholders' Equity
Capital stock	542
Additional paid-in capital	34,166
Retained earnings (deficit)	(34,024)
Total Shareholders' Equity	684
Total Liabilities and Shareholders' Equity	23,030

Statements of Operations
Income
Maintenance charges	11,520
Less: Abatements	(1,083)
Operating assessments	1,257
Commercial rent	1,026
Transfer fees	187
Laundry income	49
Other income	345
Total Income	13,301
Expenses
Real estate taxes	7,344
Less: Abatements	(1,083)
Mortgage interest	768
Payroll and related expenses	3,783
Electric and gas	174
Heating	332
Water and sewer	262
Repairs and maintenance	645
Insurance	252
Management fees	301
Professional fees	342
Corporation taxes	77
Office and administration	93
Total Expenses	13,290
Income from Operations	11
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	47
Depreciation	(1,353)
Interest - amortization of mortgage costs	(23)
Net Income (Loss)	(1,318)