Apartment Report

Year Ended 2010-12-31

200 East 36 St
#10H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,372
Receivables (Note 3) 2,401
Prepaid expenses (Note 4) 411
Total Current Assets 4,184
Reserve fund (Notes 2 and 5) 5,581
Property and Improvements: (Notes 2 and 6)
Land 19,543
Building 78,171
Building improvements and equipment 18,103
Total 115,817
Less: accumulated depreciation 65,779
Net Property and Improvements 50,037
Other Assets:
Cash - security deposits 659
Unamortized mortgage finance costs (Note 2) 559
Deferred ieasing commissions (Note 2) 221
Total Other Assets 1,439
Total Assets 61,241
Liabilities
Current Liabilities:
Accounts payable 525
Real estate tax abatements 683
Accrued mortgage interest 209
Building improvements payable -0-
Advance maintenance 83
Total Current Liabilities 1,501
Long-Term Liabilities:
Mortgage payable (Note 7) 42,813
Security deposits payable 659
Total Long-Term Liabilities 43,472
Total Liabilities 44,972
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 312
Additional paid-in capital 65,215
Accumulated deficit (49,259)
Total Stackholders' Equity 16,269
Total Liabilities and Stockholders' Equity 61,241

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,363
Commercial and professional 3,174
Operating assessment 1,199
Electricity charges rebilled 740
Other sharehalder fees 240
Laundry income 40
Total Revenues 17,757
Cost of Operations
Administrative expenses Schedule 1 687
Operating expenses Schedule 2 6,819
Repairs and maintenance Schedule 3 700
Real estate tax 7,041
Interest expense 2,466
Corporation taxes 91
Total Cost of Operations 17,804
Loss from operations before other items and depreciation and amortization (47)
Interest income 74
Transfer fees (Note 2) 41
Income Before Depreciation and Amortization 67
Depreciation and amortization (3,052)
Net Loss For The Year (2,985)