Apartment Report

Year Ended 2018-12-31

310 Lexington Ave
#9G
New York
NY 10016

Balance Sheets
Assets
Cash - operating	313
Cash and cash equivalents - reserve fund	4,641
Bank certificates of deposits - reserve fund	1,738
Due from shareholders	341
Due from commercial tenants	108
Other receivables	10
Prepaid real estate taxes	-0-
Prepaid expenses	163
Property and equipment - net	22,145
Investment in NCB stock	69
Security deposits held	889
Total Assets	30,417
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	526
Capital improvements payable	-0-
Abatements payable	726
Maintenance charges received in advance	42
Deferred commercial rent	382
Mortgage payable	25,118
Less: Mortgage costs - net	(183)
Security deposits payable	889
Total Liabilities	27,500
Shareholders' Equity
Capital stock	691
Additional paid-in capital	43,532
Retained earnings (deficit)	(41,306)
Total Shareholders' Equity	2,917
Total Liabilities and Shareholders' Equity	30,417

Statements of Operations
Income
Maintenance charges	15,338
Less: Abatements	(1,461)
Operating assessments	1,653
Commercial rent	1,419
Transfer fees	272
Laundry income	63
Other income	397
Total Income	17,679
Expenses
Real estate taxes	9,537
Less: Abatements	(1,461)
Mortgage interest	978
Payroll and related expenses	4,759
Electric and gas	216
Heating	464
Water and sewer	388
Repairs and maintenance	795
Insurance	330
Management fees	395
Professional fees	295
Corporation taxes	93
Office and administration	163
Total Expenses	16,952
Income from Operations	728
Other Items
Capital assessment	3,096
Commercial rent - straight-line adjustment	60
Depreciation	(1,809)
Interest - amortization of mortgage costs	(29)
Net Income (Loss)	2,045