Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#9G
New York
NY 10016

Balance Sheets
Assets
Cash - operating	456
Cash and cash equivalents - reserve fund	3,307
Bank certificates of deposits - reserve fund	174
Due from shareholders	146
Due from commercial tenants	112
Other receivables	42
Prepaid real estate taxes	1,977
Prepaid expenses	190
Property and equipment - net	22,142
Investment in NCB stock	69
Security deposits held	728
Total Assets	29,344
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	417
Capital improvements payable	1,131
Abatements payable	700
Maintenance charges received in advance	148
Deferred commercial rent	442
Mortgage payable	25,118
Less: Mortgage costs - net	(212)
Security deposits payable	728
Total Liabilities	28,472
Shareholders' Equity
Capital stock	691
Additional paid-in capital	43,532
Retained earnings (deficit)	(43,351)
Total Shareholders' Equity	872
Total Liabilities and Shareholders' Equity	29,344

Statements of Operations
Income
Maintenance charges	14,678
Less: Abatements	(1,379)
Operating assessments	1,602
Commercial rent	1,307
Transfer fees	238
Laundry income	63
Other income	440
Total Income	16,948
Expenses
Real estate taxes	9,357
Less: Abatements	(1,379)
Mortgage interest	978
Payroll and related expenses	4,821
Electric and gas	222
Heating	423
Water and sewer	334
Repairs and maintenance	822
Insurance	321
Management fees	383
Professional fees	436
Corporation taxes	98
Office and administration	118
Total Expenses	16,933
Income from Operations	14
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	60
Depreciation	(1,724)
Interest - amortization of mortgage costs	(29)
Net Income (Loss)	(1,679)