12. Segment Reporting The Company has classified its reporting segments into commercial and residential rental properties. The commercial reporting segment includes the 141 Livingston Street property and portions of the 250 Livingston Street, Tribeca House and Aspen properties. The residential reporting segment includes the Flatbush Gardens property, the Clover House property, the 10 West 65 th Street property, the 1010 Pacific Street property and portions of the 250 Livingston Street, Tribeca House and Aspen properties. The Companys income from operations by segment for the three and nine months ended September 30, 2020 and 2019, is as follows (unaudited): Three months ended September 30, 2020 Commercial Residential Total Rental income $ 7,663 $ 21,948 $ 29,611 Total revenues 7,663 21,948 29,611 Property operating expenses 1,025 6,842 7,867 Real estate taxes and insurance 1,917 5,546 7,463 General and administrative 344 2,063 2,407 Depreciation and amortization 1,117 4,817 5,934 Total operating expenses 4,403 19,268 23,671 Gain on termination of lease 838  838 Income from operations $ 4,098 $ 2,680 $ 6,778 Three months ended September 30, 2019 Commercial Residential Total Rental income $ 7,323 $ 22,117 $ 29,440 Total revenues 7,323 22,117 29,440 Property operating expenses 1,119 6,238 7,357 Real estate taxes and insurance 1,532 5,208 6,740 General and administrative 259 1,645 1,904 Depreciation and amortization 959 3,970 4,929 Total operating expenses 3,869 17,061 20,930 Income from operations $ 3,454 $ 5,056 $ 8,510 Nine months ended September 30, 2020 Commercial Residential Total Rental income $ 21,881 $ 69,345 $ 91,226 Total revenues 21,881 69,345 91,226 Property operating expenses 3,060 18,834 21,894 Real estate taxes and insurance 4,853 16,252 21,105 General and administrative 1,083 6,241 7,324 Depreciation and amortization 3,228 14,136 17,364 Total operating expenses 12,224 55,463 67,687 Gain on termination of lease 838  838 Income from operations $ 10,495 $ 13,882 $ 24,377 Nine months ended September 30, 2019 Commercial Residential Total Rental income $ 21,503 $ 64,035 $ 85,538 Total revenues 21,503 64,035 85,538 Property operating expenses 3,296 18,371 21,667 Real estate taxes and insurance 4,004 14,174 18,178 General and administrative 947 5,204 6,151 Depreciation and amortization 2,876 11,192 14,068 Total operating expenses 11,123 48,941 60,064 Income from operations $ 10,380 $ 15,094 $ 25,474 The Companys total assets by segment are as follows, as of: Commercial Residential Total September 30, 2020 (unaudited) $ 281,004 $ 941,877 $ 1,222,881 December 31, 2019 285,103 881,104 1,166,207 The Companys interest expense by segment for the three and nine months ended September 30, 2020 and 2019, is as follows (unaudited): Commercial Residential Total Three months ended September 30, 2020 $ 2,072 $ 8,135 $ 10,207 2019 1,764 6,928 8,692 Nine months ended September 30, 2020 $ 6,084 $ 23,890 $ 29,974 2019 5,219 19,957 25,176 The Companys capital expenditures by segment for the three and nine months ended September 30, 2020 and 2019, are as follows (unaudited): Commercial Residential Total Three months ended September 30, 2020 $ 2,669 $ 8,703 $ 11,372 2019 2,145 10,822 12,967 Nine months ended September 30, 2020 $ 7,063 $ 18,631 $ 25,694 2019 4,292 32,678 36,970