Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#8F
New York
NY 10016

Balance Sheets
Assets
Cash - operating	303
Cash and cash equivalents - reserve fund	4,500
Bank certificates of deposits - reserve fund	1,685
Due from shareholders	330
Due from commercial tenants	105
Other receivables	10
Prepaid real estate taxes	-0-
Prepaid expenses	158
Property and equipment - net	21,474
Investment in NCB stock	67
Security deposits held	862
Total Assets	29,495
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	510
Capital improvements payable	-0-
Abatements payable	704
Maintenance charges received in advance	41
Deferred commercial rent	370
Mortgage payable	24,357
Less: Mortgage costs - net	(177)
Security deposits payable	862
Total Liabilities	26,666
Shareholders' Equity
Capital stock	670
Additional paid-in capital	42,213
Retained earnings (deficit)	(40,054)
Total Shareholders' Equity	2,829
Total Liabilities and Shareholders' Equity	29,495

Statements of Operations
Income
Maintenance charges	14,873
Less: Abatements	(1,417)
Operating assessments	1,603
Commercial rent	1,376
Transfer fees	263
Laundry income	61
Other income	385
Total Income	17,144
Expenses
Real estate taxes	9,248
Less: Abatements	(1,417)
Mortgage interest	948
Payroll and related expenses	4,615
Electric and gas	209
Heating	450
Water and sewer	376
Repairs and maintenance	770
Insurance	320
Management fees	383
Professional fees	287
Corporation taxes	90
Office and administration	158
Total Expenses	16,438
Income from Operations	706
Other Items
Capital assessment	3,002
Commercial rent - straight-line adjustment	58
Depreciation	(1,754)
Interest - amortization of mortgage costs	(29)
Net Income (Loss)	1,983