Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#9E
New York
NY 10016

Balance Sheets
Assets
Cash - operating	317
Cash and cash equivalents - reserve fund	4,711
Bank certificates of deposits - reserve fund	1,764
Due from shareholders	346
Due from commercial tenants	110
Other receivables	10
Prepaid real estate taxes	-0-
Prepaid expenses	166
Property and equipment - net	22,480
Investment in NCB stock	70
Security deposits held	903
Total Assets	30,878
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	534
Capital improvements payable	-0-
Abatements payable	737
Maintenance charges received in advance	43
Deferred commercial rent	387
Mortgage payable	25,498
Less: Mortgage costs - net	(186)
Security deposits payable	903
Total Liabilities	27,916
Shareholders' Equity
Capital stock	701
Additional paid-in capital	44,192
Retained earnings (deficit)	(41,932)
Total Shareholders' Equity	2,961
Total Liabilities and Shareholders' Equity	30,878

Statements of Operations
Income
Maintenance charges	15,570
Less: Abatements	(1,483)
Operating assessments	1,678
Commercial rent	1,440
Transfer fees	276
Laundry income	64
Other income	403
Total Income	17,947
Expenses
Real estate taxes	9,682
Less: Abatements	(1,483)
Mortgage interest	993
Payroll and related expenses	4,831
Electric and gas	219
Heating	471
Water and sewer	394
Repairs and maintenance	807
Insurance	335
Management fees	401
Professional fees	300
Corporation taxes	95
Office and administration	166
Total Expenses	17,208
Income from Operations	739
Other Items
Capital assessment	3,143
Commercial rent - straight-line adjustment	61
Depreciation	(1,836)
Interest - amortization of mortgage costs	(30)
Net Income (Loss)	2,076