Apartment Report

Year Ended 2010-12-31

200 East 36 St
#10G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,601
Receivables (Note 3) 2,801
Prepaid expenses (Note 4) 480
Total Current Assets 4,881
Reserve fund (Notes 2 and 5) 6,511
Property and Improvements: (Notes 2 and 6)
Land 22,800
Building 91,200
Building improvements and equipment 21,120
Total 135,119
Less: accumulated depreciation 76,743
Net Property and Improvements 58,377
Other Assets:
Cash - security deposits 769
Unamortized mortgage finance costs (Note 2) 652
Deferred ieasing commissions (Note 2) 258
Total Other Assets 1,679
Total Assets 71,448
Liabilities
Current Liabilities:
Accounts payable 613
Real estate tax abatements 797
Accrued mortgage interest 244
Building improvements payable -0-
Advance maintenance 97
Total Current Liabilities 1,751
Long-Term Liabilities:
Mortgage payable (Note 7) 49,948
Security deposits payable 769
Total Long-Term Liabilities 50,717
Total Liabilities 52,468
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 364
Additional paid-in capital 76,085
Accumulated deficit (57,469)
Total Stackholders' Equity 18,980
Total Liabilities and Stockholders' Equity 71,448

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,424
Commercial and professional 3,703
Operating assessment 1,399
Electricity charges rebilled 863
Other sharehalder fees 280
Laundry income 46
Total Revenues 20,716
Cost of Operations
Administrative expenses Schedule 1 802
Operating expenses Schedule 2 7,956
Repairs and maintenance Schedule 3 817
Real estate tax 8,215
Interest expense 2,876
Corporation taxes 106
Total Cost of Operations 20,771
Loss from operations before other items and depreciation and amortization (55)
Interest income 87
Transfer fees (Note 2) 47
Income Before Depreciation and Amortization 79
Depreciation and amortization (3,561)
Net Loss For The Year (3,483)