Apartment Report

Year Ended 2010-12-31

200 East 36 St
#10A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,143
Receivables (Note 3) 2,001
Prepaid expenses (Note 4) 343
Total Current Assets 3,487
Reserve fund (Notes 2 and 5) 4,651
Property and Improvements: (Notes 2 and 6)
Land 16,286
Building 65,143
Building improvements and equipment 15,086
Total 96,514
Less: accumulated depreciation 54,816
Net Property and Improvements 41,698
Other Assets:
Cash - security deposits 549
Unamortized mortgage finance costs (Note 2) 466
Deferred ieasing commissions (Note 2) 184
Total Other Assets 1,199
Total Assets 51,034
Liabilities
Current Liabilities:
Accounts payable 438
Real estate tax abatements 569
Accrued mortgage interest 175
Building improvements payable -0-
Advance maintenance 69
Total Current Liabilities 1,250
Long-Term Liabilities:
Mortgage payable (Note 7) 35,677
Security deposits payable 549
Total Long-Term Liabilities 36,227
Total Liabilities 37,477
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 260
Additional paid-in capital 54,346
Accumulated deficit (41,049)
Total Stackholders' Equity 13,557
Total Liabilities and Stockholders' Equity 51,034

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,303
Commercial and professional 2,645
Operating assessment 999
Electricity charges rebilled 617
Other sharehalder fees 200
Laundry income 33
Total Revenues 14,797
Cost of Operations
Administrative expenses Schedule 1 573
Operating expenses Schedule 2 5,683
Repairs and maintenance Schedule 3 583
Real estate tax 5,868
Interest expense 2,055
Corporation taxes 75
Total Cost of Operations 14,837
Loss from operations before other items and depreciation and amortization (39)
Interest income 62
Transfer fees (Note 2) 34
Income Before Depreciation and Amortization 56
Depreciation and amortization (2,544)
Net Loss For The Year (2,488)