Apartment Report

Year Ended 2011-12-31

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 1,071
Receivables (Note 3) 1,629
Prepaid expenses (Note 4) 250
Total Current Assets 2,950
Reserve fund (Notes 2 and 5) 3,306
Property and Improvements: (Notes 2 and 6)
Land 13,029
Building 52,114
Building improvements and equipment 12,386
Total 77,529
Less: accumulated depreciation 45,794
Net Property and Improvements 31,735
Other Assets:
Cash - security deposits 394
Unamortized mortgage finance costs (Note 2) 342
Deferred ieasing commissions (Note 2) 109
Total Other Assets 846
Total Assets 38,836
Liabilities
Current Liabilities:
Accounts payable 375
Real estate tax abatements 456
Accrued mortgage interest 140
Building improvements payable 98
Advance maintenance 41
Total Current Liabilities 1,110
Long-Term Liabilities:
Mortgage payable (Note 7) 28,542
Security deposits payable 341
Total Long-Term Liabilities 28,883
Total Liabilities 29,993
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 (34,842)
Total Stackholders' Equity 8,843
Total Liabilities and Stockholders' Equity 38,836

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,499
Commercial and professional 1,946
Operating assessment 856
Electricity charges rebilled 461
Other sharehalder fees 175
Laundry income 26
Total Revenues 11,962
Cost of Operations
Administrative expenses Schedule 1 523
Operating expenses Schedule 2 4,675
Repairs and maintenance Schedule 3 545
Real estate tax 4,878
Interest expense 1,644
Corporation taxes 63
Total Cost of Operations 12,328
Loss from operations before other items and depreciation and amortization (366)
Interest income 42
Transfer fees (Note 2) 330
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,009)
Net Loss For The Year (2,003)