Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#9B
New York
NY 10016

Balance Sheets
Assets
Cash - operating	253
Cash and cash equivalents - reserve fund	3,762
Bank certificates of deposits - reserve fund	1,409
Due from shareholders	276
Due from commercial tenants	88
Other receivables	8
Prepaid real estate taxes	-0-
Prepaid expenses	132
Property and equipment - net	17,951
Investment in NCB stock	56
Security deposits held	721
Total Assets	24,656
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	426
Capital improvements payable	-0-
Abatements payable	589
Maintenance charges received in advance	34
Deferred commercial rent	309
Mortgage payable	20,361
Less: Mortgage costs - net	(148)
Security deposits payable	721
Total Liabilities	22,292
Shareholders' Equity
Capital stock	560
Additional paid-in capital	35,287
Retained earnings (deficit)	(33,483)
Total Shareholders' Equity	2,365
Total Liabilities and Shareholders' Equity	24,656

Statements of Operations
Income
Maintenance charges	12,433
Less: Abatements	(1,184)
Operating assessments	1,340
Commercial rent	1,150
Transfer fees	220
Laundry income	51
Other income	322
Total Income	14,331
Expenses
Real estate taxes	7,731
Less: Abatements	(1,184)
Mortgage interest	793
Payroll and related expenses	3,858
Electric and gas	175
Heating	376
Water and sewer	315
Repairs and maintenance	644
Insurance	268
Management fees	320
Professional fees	240
Corporation taxes	76
Office and administration	132
Total Expenses	13,741
Income from Operations	590
Other Items
Capital assessment	2,509
Commercial rent - straight-line adjustment	49
Depreciation	(1,466)
Interest - amortization of mortgage costs	(24)
Net Income (Loss)	1,658