Apartment Report

Year Ended 2017-12-31

310 Lexington Ave
#9H
New York
NY 10016

Balance Sheets
Assets
Cash - operating	463
Cash and cash equivalents - reserve fund	3,357
Bank certificates of deposits - reserve fund	177
Due from shareholders	148
Due from commercial tenants	113
Other receivables	42
Prepaid real estate taxes	2,007
Prepaid expenses	193
Property and equipment - net	22,477
Investment in NCB stock	70
Security deposits held	739
Total Assets	29,788
Liabilities and Shareholders' Equity
Liabilities
Accounts payable and accrued expenses	424
Capital improvements payable	1,149
Abatements payable	711
Maintenance charges received in advance	150
Deferred commercial rent	448
Mortgage payable	25,498
Less: Mortgage costs - net	(216)
Security deposits payable	739
Total Liabilities	28,903
Shareholders' Equity
Capital stock	701
Additional paid-in capital	44,192
Retained earnings (deficit)	(44,008)
Total Shareholders' Equity	885
Total Liabilities and Shareholders' Equity	29,788

Statements of Operations
Income
Maintenance charges	14,900
Less: Abatements	(1,400)
Operating assessments	1,626
Commercial rent	1,326
Transfer fees	242
Laundry income	64
Other income	446
Total Income	17,204
Expenses
Real estate taxes	9,499
Less: Abatements	(1,400)
Mortgage interest	993
Payroll and related expenses	4,894
Electric and gas	226
Heating	429
Water and sewer	339
Repairs and maintenance	834
Insurance	325
Management fees	389
Professional fees	443
Corporation taxes	99
Office and administration	120
Total Expenses	17,190
Income from Operations	15
Other Items
Capital assessment	-0-
Commercial rent - straight-line adjustment	61
Depreciation	(1,750)
Interest - amortization of mortgage costs	(30)
Net Income (Loss)	(1,705)