Apartment Report

Year Ended 2010-12-31

200 East 36 St
#11B
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,631
Receivables (Note 3) 2,855
Prepaid expenses (Note 4) 489
Total Current Assets 4,975
Reserve fund (Notes 2 and 5) 6,636
Property and Improvements: (Notes 2 and 6)
Land 23,238
Building 92,953
Building improvements and equipment 21,526
Total 137,718
Less: accumulated depreciation 78,218
Net Property and Improvements 59,499
Other Assets:
Cash - security deposits 784
Unamortized mortgage finance costs (Note 2) 664
Deferred ieasing commissions (Note 2) 263
Total Other Assets 1,711
Total Assets 72,822
Liabilities
Current Liabilities:
Accounts payable 624
Real estate tax abatements 812
Accrued mortgage interest 249
Building improvements payable -0-
Advance maintenance 99
Total Current Liabilities 1,784
Long-Term Liabilities:
Mortgage payable (Note 7) 50,909
Security deposits payable 784
Total Long-Term Liabilities 51,692
Total Liabilities 53,477
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 371
Additional paid-in capital 77,548
Accumulated deficit (58,574)
Total Stackholders' Equity 19,345
Total Liabilities and Stockholders' Equity 72,822

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,701
Commercial and professional 3,774
Operating assessment 1,426
Electricity charges rebilled 880
Other sharehalder fees 286
Laundry income 47
Total Revenues 21,114
Cost of Operations
Administrative expenses Schedule 1 817
Operating expenses Schedule 2 8,109
Repairs and maintenance Schedule 3 832
Real estate tax 8,373
Interest expense 2,932
Corporation taxes 108
Total Cost of Operations 21,171
Loss from operations before other items and depreciation and amortization (56)
Interest income 88
Transfer fees (Note 2) 48
Income Before Depreciation and Amortization 80
Depreciation and amortization (3,630)
Net Loss For The Year (3,550)