Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#8F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	443
Cash and cash equivalents - reserve fund	3,207
Bank certificates of deposits - reserve fund	169
Due from shareholders	141
Due from commercial tenants	108
Other receivables	41
Prepaid real estate taxes	1,918
Prepaid expenses	184
Property and equipment - net	21,471
Investment in NCB stock	67
Security deposits held	705
Total Assets	28,454
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	405
Capital improvements payable	1,097
Abatements payable	679
Maintenance charges received in advance	144
Deferred commercial rent	428
Mortgage payable	24,357
Less: Mortgage costs - net	(206)
Security deposits payable	705
Total Liabilities	27,609
Shareholders' Equity
Capital stock	670
Additional paid-in capital	42,213
Retained earnings (deficit)	(42,037)
Total Shareholders' Equity	845
Total Liabilities and Shareholders' Equity	28,454

Statements of Operations
Income
Maintenance charges	14,233
Less: Abatements	(1,338)
Operating assessments	1,553
Commercial rent	1,267
Transfer fees	231
Laundry income	61
Other income	426
Total Income	16,434
Expenses
Real estate taxes	9,073
Less: Abatements	(1,338)
Mortgage interest	948
Payroll and related expenses	4,675
Electric and gas	216
Heating	410
Water and sewer	324
Repairs and maintenance	797
Insurance	311
Management fees	372
Professional fees	423
Corporation taxes	95
Office and administration	114
Total Expenses	16,420
Income from Operations	14
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	58
Depreciation	(1,672)
Interest - amortization of mortgage costs	(29)
Net Income (Loss)	(1,628)