Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#8J
New York
NY 10016

Balance Sheets
Assets
Cash - operating	455
Cash and cash equivalents - reserve fund	6,758
Bank certificates of deposits - reserve fund	2,531
Due from shareholders	496
Due from commercial tenants	157
Other receivables	14
Prepaid real estate taxes	-0-
Prepaid expenses	238
Property and equipment - net	32,244
Investment in NCB stock	101
Security deposits held	1,295
Total Assets	44,289
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	765
Capital improvements payable	-0-
Abatements payable	1,057
Maintenance charges received in advance	61
Deferred commercial rent	556
Mortgage payable	36,573
Less: Mortgage costs - net	(266)
Security deposits payable	1,295
Total Liabilities	40,041
Shareholders' Equity
Capital stock	1,006
Additional paid-in capital	63,385
Retained earnings (deficit)	(60,144)
Total Shareholders' Equity	4,247
Total Liabilities and Shareholders' Equity	44,289

Statements of Operations
Income
Maintenance charges	22,333
Less: Abatements	(2,127)
Operating assessments	2,407
Commercial rent	2,066
Transfer fees	395
Laundry income	91
Other income	578
Total Income	25,742
Expenses
Real estate taxes	13,886
Less: Abatements	(2,127)
Mortgage interest	1,424
Payroll and related expenses	6,929
Electric and gas	314
Heating	675
Water and sewer	565
Repairs and maintenance	1,157
Insurance	481
Management fees	575
Professional fees	430
Corporation taxes	136
Office and administration	237
Total Expenses	24,683
Income from Operations	1,060
Other Items
Capital assessment	4,507
Commercial rent - straight-line adjustment	87
Depreciation	(2,634)
Interest - amortization of mortgage costs	(43)
Net Income (Loss)	2,978