| ASSETS | |
| Current Assets | |
| Checking/Savings | |
| Cash & Equivalents-Note 3 | 454,554 |
| Total Checking/Savings | 454,554 |
| Other Current Assets | |
| Maintenance Receivable-Note 3 | 43,741 |
| Prepaid Expenses | 164,597 |
| Total Other Current Assets | 208,338 |
| Total Current Assets | 662,892 |
| Fixed Assets | |
| Fixed Assets-Note 3 | 4,474,224 |
| Land | 2,077,614 |
| Less-Accumulated Depreciation | (3,967,526) |
| Total Fixed Assets | 2,584,312 |
| Other Assets | |
| Intangible Assets-Note 6 | 47,925 |
| Less-Accumulated Amortization | (43,127) |
| Total Other Assets | 4,798 |
| TOTAL ASSETS | 3,252,002 |
| LIABILITIES & EQUITY | |
| Liabilities | |
| Current Liabilities | |
| Other Current Liabilities | |
| Accrued Expenses | 48,977 |
| Due to ABC Management Corp. | -0- |
| Due to New York City-Note 5 | 43,786 |
| Due to owners-NYC Tax Abatement | 94,103 |
| Due to owners for Scries | 3,603 |
| Prepaid Maintenance | 14,052 |
| Total Other Current Liabilities | 204,521 |
| Total Current Liabilities | 204,521 |
| Long Term Liabilities | |
| Mortgages Payable-Note 7 | 2,351,507 |
| Security Payable | 3,000 |
| Total Long Term Liabilities | 2,354,507 |
| Total Liabilities | 2,559,028 |
| Equity | |
| Additional Paid in Capital | 4,500,897 |
| Common Stock | 50,757 |
| Retained Earnings (Deficit) | (3,436,163) |
| Treasury Stock-Note 8 | (422,517) |
| Total Equity | 692,974 |
| TOTAL LIABILITIES & EQUITY | 3,252,002 |
| Ordinary Income/Expense | |
| Income | |
| Charges-Owners-Assessments-Note 12 (Items 1 & 2) | 178,535 |
| Charges-Owners-Regular-Notes 3 & 9 | 1,083,001 |
| Laundry Income | 12,600 |
| Shareholder Transfer Tax (Flip Tax) | 9,460 |
| Storage | 13,100 |
| Sublet Fees | 69,000 |
| Supplemental Income | 10,754 |
| Total Income | 1,376,450 |
| Expense | |
| Administrative | 2,096 |
| Corporate Taxes-Note 10 | 6,293 |
| Insurance Expense | 33,964 |
| Interest Expense-Note 7 | 128,150 |
| Management Fees | 48,600 |
| Permits and Fees | 1,738 |
| Professional Fees | 15,055 |
| Real Estate Taxes | 551,592 |
| Repairs and Maintenance | 36,693 |
| Telephone Expense | 2,226 |
| Union-Note 11 | 38,395 |
| Utilities | 95,483 |
| Wages & Contract Labor-Note 11 | 207,887 |
| Water | 49,207 |
| Total Expense | 1,217,379 |
| Net Ordinary Income (loss) | 159,071 |
| Other Income | |
| Assessment for Elevator Modernization-Note 12 (Item 3) | 296,112 |
| Total Other Income | 296,112 |
| Other Expense | |
| Amortization Expense-Note 6 | 4,793 |
| Depreciation Expense-Note 3 | 40,467 |
| Total Other Expense | 45,260 |
| Net Income (loss) | 409,923 |
| Retained Deficit 1/1/12 & 1/1/11 | (3,846,086) |
| Retained Deficit 12/31/12 & 12/31/11 | (3,436,163) |