Apartment Report

Year Ended 2010-12-31

200 East 36 St
#10J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 915
Receivables (Note 3) 1,600
Prepaid expenses (Note 4) 274
Total Current Assets 2,789
Reserve fund (Notes 2 and 5) 3,721
Property and Improvements: (Notes 2 and 6)
Land 13,029
Building 52,114
Building improvements and equipment 12,068
Total 77,211
Less: accumulated depreciation 43,853
Net Property and Improvements 33,358
Other Assets:
Cash - security deposits 439
Unamortized mortgage finance costs (Note 2) 373
Deferred ieasing commissions (Note 2) 147
Total Other Assets 959
Total Assets 40,827
Liabilities
Current Liabilities:
Accounts payable 350
Real estate tax abatements 455
Accrued mortgage interest 140
Building improvements payable -0-
Advance maintenance 55
Total Current Liabilities 1,000
Long-Term Liabilities:
Mortgage payable (Note 7) 28,542
Security deposits payable 439
Total Long-Term Liabilities 28,981
Total Liabilities 29,982
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 208
Additional paid-in capital 43,477
Accumulated deficit (32,839)
Total Stackholders' Equity 10,846
Total Liabilities and Stockholders' Equity 40,827

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,242
Commercial and professional 2,116
Operating assessment 800
Electricity charges rebilled 493
Other sharehalder fees 160
Laundry income 26
Total Revenues 11,838
Cost of Operations
Administrative expenses Schedule 1 458
Operating expenses Schedule 2 4,546
Repairs and maintenance Schedule 3 467
Real estate tax 4,694
Interest expense 1,644
Corporation taxes 60
Total Cost of Operations 11,869
Loss from operations before other items and depreciation and amortization (32)
Interest income 49
Transfer fees (Note 2) 27
Income Before Depreciation and Amortization 45
Depreciation and amortization (2,035)
Net Loss For The Year (1,990)