| ASSETS | |
| Current Assets | |
| Checking/Savings | |
| Cash & Equivalents-Note 3 | 77,221 |
| Total Checking/Savings | 77,221 |
| Other Current Assets | |
| Maintenance Receivable-Note 3 | 19,699 |
| Prepaid Expenses | 166,860 |
| Total Other Current Assets | 186,559 |
| Total Current Assets | 263,780 |
| Fixed Assets | |
| Fixed Assets-Note 3 | 4,460,817 |
| Land | 2,077,614 |
| Less-Accumulated Depreciation | (3,927,059) |
| Total Fixed Assets | 2,611,372 |
| Other Assets | |
| Intangible Assets-Note 6 | 47,925 |
| Less-Accumulated Amortization | (38,334) |
| Total Other Assets | 9,591 |
| TOTAL ASSETS | 2,884,743 |
| LIABILITIES & EQUITY | |
| Liabilities | |
| Current Liabilities | |
| Other Current Liabilities | |
| Accrued Expenses | 65,283 |
| Due to ABC Management Corp. | 9,772 |
| Due to New York City-Note 5 | 43,786 |
| Due to owners-NYC Tax Abatement | 93,086 |
| Due to owners for Scries | -0- |
| Prepaid Maintenance | 12,146 |
| Total Other Current Liabilities | 224,073 |
| Total Current Liabilities | 224,073 |
| Long Term Liabilities | |
| Mortgages Payable-Note 7 | 2,376,619 |
| Security Payable | 1,000 |
| Total Long Term Liabilities | 2,377,619 |
| Total Liabilities | 2,601,692 |
| Equity | |
| Additional Paid in Capital | 4,500,897 |
| Common Stock | 50,757 |
| Retained Earnings (Deficit) | (3,846,086) |
| Treasury Stock-Note 8 | (422,517) |
| Total Equity | 283,051 |
| TOTAL LIABILITIES & EQUITY | 2,884,743 |
| Ordinary Income/Expense | |
| Income | |
| Charges-Owners-Assessments-Note 12 (Items 1 & 2) | 88,394 |
| Charges-Owners-Regular-Notes 3 & 9 | 1,041,347 |
| Laundry Income | 12,600 |
| Shareholder Transfer Tax (Flip Tax) | -0- |
| Storage | 14,945 |
| Sublet Fees | 56,000 |
| Supplemental Income | 24,080 |
| Total Income | 1,237,366 |
| Expense | |
| Administrative | 2,264 |
| Corporate Taxes-Note 10 | 6,095 |
| Insurance Expense | 31,666 |
| Interest Expense-Note 7 | 129,393 |
| Management Fees | 48,600 |
| Permits and Fees | 2,003 |
| Professional Fees | 8,818 |
| Real Estate Taxes | 532,729 |
| Repairs and Maintenance | 39,935 |
| Telephone Expense | 2,085 |
| Union-Note 11 | 30,662 |
| Utilities | 112,035 |
| Wages & Contract Labor-Note 11 | 202,210 |
| Water | 49,752 |
| Total Expense | 1,198,247 |
| Net Ordinary Income (loss) | 39,119 |
| Other Income | |
| Assessment for Elevator Modernization-Note 12 (Item 3) | -0- |
| Total Other Income | -0- |
| Other Expense | |
| Amortization Expense-Note 6 | 4,793 |
| Depreciation Expense-Note 3 | 32,803 |
| Total Other Expense | 37,596 |
| Net Income (loss) | 1,523 |
| Retained Deficit 1/1/12 & 1/1/11 | (3,847,609) |
| Retained Deficit 12/31/12 & 12/31/11 | (3,846,086) |