Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#9B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	370
Cash and cash equivalents - reserve fund	2,681
Bank certificates of deposits - reserve fund	141
Due from shareholders	118
Due from commercial tenants	91
Other receivables	34
Prepaid real estate taxes	1,603
Prepaid expenses	154
Property and equipment - net	17,948
Investment in NCB stock	56
Security deposits held	590
Total Assets	23,786
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	338
Capital improvements payable	917
Abatements payable	568
Maintenance charges received in advance	120
Deferred commercial rent	358
Mortgage payable	20,361
Less: Mortgage costs - net	(172)
Security deposits payable	590
Total Liabilities	23,079
Shareholders' Equity
Capital stock	560
Additional paid-in capital	35,287
Retained earnings (deficit)	(35,141)
Total Shareholders' Equity	707
Total Liabilities and Shareholders' Equity	23,786

Statements of Operations
Income
Maintenance charges	11,898
Less: Abatements	(1,118)
Operating assessments	1,299
Commercial rent	1,059
Transfer fees	193
Laundry income	51
Other income	356
Total Income	13,738
Expenses
Real estate taxes	7,585
Less: Abatements	(1,118)
Mortgage interest	793
Payroll and related expenses	3,908
Electric and gas	180
Heating	343
Water and sewer	271
Repairs and maintenance	666
Insurance	260
Management fees	311
Professional fees	354
Corporation taxes	79
Office and administration	96
Total Expenses	13,726
Income from Operations	12
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	49
Depreciation	(1,398)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	(1,361)