Apartment Report

Year Ended 2011-12-31

200 East 36 St
#10E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,339
Receivables (Note 3) 2,036
Prepaid expenses (Note 4) 312
Total Current Assets 3,687
Reserve fund (Notes 2 and 5) 4,132
Property and Improvements: (Notes 2 and 6)
Land 16,286
Building 65,143
Building improvements and equipment 15,483
Total 96,911
Less: accumulated depreciation 57,242
Net Property and Improvements 39,669
Other Assets:
Cash - security deposits 493
Unamortized mortgage finance costs (Note 2) 428
Deferred ieasing commissions (Note 2) 137
Total Other Assets 1,057
Total Assets 48,545
Liabilities
Current Liabilities:
Accounts payable 469
Real estate tax abatements 570
Accrued mortgage interest 175
Building improvements payable 123
Advance maintenance 51
Total Current Liabilities 1,388
Long-Term Liabilities:
Mortgage payable (Note 7) 35,677
Security deposits payable 427
Total Long-Term Liabilities 36,104
Total Liabilities 37,492
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 (43,553)
Total Stackholders' Equity 11,054
Total Liabilities and Stockholders' Equity 48,545

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,623
Commercial and professional 2,432
Operating assessment 1,070
Electricity charges rebilled 576
Other sharehalder fees 219
Laundry income 33
Total Revenues 14,953
Cost of Operations
Administrative expenses Schedule 1 653
Operating expenses Schedule 2 5,844
Repairs and maintenance Schedule 3 682
Real estate tax 6,098
Interest expense 2,055
Corporation taxes 79
Total Cost of Operations 15,410
Loss from operations before other items and depreciation and amortization (457)
Interest income 52
Transfer fees (Note 2) 413
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,512)
Net Loss For The Year (2,503)