SCHEDULE III. REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2017

SCHEDULE III. REAL ESTATE AND ACCUMULATED DEPRECIATION [Abstract]

SCHEDULE III. REAL ESTATE AND ACCUMULATED DEPRECIATION

AMBASE CORPORATION AND SUBSIDIARIES

SCHEDULE III. REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2017

(dollars in thousands)

COLUMN A	COLUMN B		COLUMN C				COLUMN D		COLUMN E
			Initial Cost to Company				Cost Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period
Description	Encumbrances		Land		Building & Improvements		Improvements		Land		Building & Improvements		Total
Office Building:
Greenwich, CT	$	-	$	554	$	1,880	$	20	$	554	$	1,900	$	2,454
Total	$	-	$	554	$	1,880	$	20	$	554	$	1,900	$	2,454

[Additional columns below]

[Continued from above table, first column(s) repeated]

COLUMN A	COLUMN F		COLUMN G		COLUMN H	COLUMN I
Description	Accumulated Depreciation		Date of Construction		Date Acquired	Life on Which Depreciation in Latest Income Statement is Computed
Office Building:
Greenwich, CT	$	774		1970	April 2001	39 years
Total	$	774

[a] Reconciliation of total real estate carrying value is as follows:

	Year Ended December 31, 2017		Year Ended December 31, 2016
Balance at beginning of year	$	2,454	$	2,454
Improvements		-		-
Acquisitions		-		-
Disposition		-		-
Balance at end of year	$	2,454	$	2,454
Total cost for federal tax purposes at end of each year	$	2,454	$	2,454

[b] Reconciliation of accumulated depreciation as follows:

Balance at beginning of year	$	774	$	726
Depreciation expense		48		48
Dispositions		-		-
Balance at end of year	$	822	$	774