Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#8B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	245
Cash and cash equivalents - reserve fund	3,643
Bank certificates of deposits - reserve fund	1,364
Due from shareholders	267
Due from commercial tenants	85
Other receivables	8
Prepaid real estate taxes	-0-
Prepaid expenses	128
Property and equipment - net	17,380
Investment in NCB stock	54
Security deposits held	698
Total Assets	23,873
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	413
Capital improvements payable	-0-
Abatements payable	570
Maintenance charges received in advance	33
Deferred commercial rent	300
Mortgage payable	19,714
Less: Mortgage costs - net	(144)
Security deposits payable	698
Total Liabilities	21,583
Shareholders' Equity
Capital stock	542
Additional paid-in capital	34,166
Retained earnings (deficit)	(32,419)
Total Shareholders' Equity	2,289
Total Liabilities and Shareholders' Equity	23,873

Statements of Operations
Income
Maintenance charges	12,038
Less: Abatements	(1,147)
Operating assessments	1,297
Commercial rent	1,114
Transfer fees	213
Laundry income	49
Other income	311
Total Income	13,876
Expenses
Real estate taxes	7,485
Less: Abatements	(1,147)
Mortgage interest	768
Payroll and related expenses	3,735
Electric and gas	169
Heating	364
Water and sewer	305
Repairs and maintenance	624
Insurance	259
Management fees	310
Professional fees	232
Corporation taxes	73
Office and administration	128
Total Expenses	13,304
Income from Operations	571
Other Items
Capital assessment	2,430
Commercial rent - straight-line adjustment	47
Depreciation	(1,420)
Interest - amortization of mortgage costs	(23)
Net Income (Loss)	1,605