Apartment Report

Year Ended 2010-12-31

200 East 36 St
#11C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,398
Receivables (Note 3) 2,447
Prepaid expenses (Note 4) 419
Total Current Assets 4,264
Reserve fund (Notes 2 and 5) 5,688
Property and Improvements: (Notes 2 and 6)
Land 19,919
Building 79,674
Building improvements and equipment 18,451
Total 118,044
Less: accumulated depreciation 67,044
Net Property and Improvements 50,999
Other Assets:
Cash - security deposits 672
Unamortized mortgage finance costs (Note 2) 570
Deferred ieasing commissions (Note 2) 225
Total Other Assets 1,467
Total Assets 62,419
Liabilities
Current Liabilities:
Accounts payable 535
Real estate tax abatements 696
Accrued mortgage interest 213
Building improvements payable -0-
Advance maintenance 85
Total Current Liabilities 1,529
Long-Term Liabilities:
Mortgage payable (Note 7) 43,636
Security deposits payable 672
Total Long-Term Liabilities 44,308
Total Liabilities 45,837
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 318
Additional paid-in capital 66,470
Accumulated deficit (50,206)
Total Stackholders' Equity 16,581
Total Liabilities and Stockholders' Equity 62,419

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,601
Commercial and professional 3,235
Operating assessment 1,222
Electricity charges rebilled 754
Other sharehalder fees 245
Laundry income 40
Total Revenues 18,098
Cost of Operations
Administrative expenses Schedule 1 701
Operating expenses Schedule 2 6,950
Repairs and maintenance Schedule 3 713
Real estate tax 7,177
Interest expense 2,513
Corporation taxes 92
Total Cost of Operations 18,146
Loss from operations before other items and depreciation and amortization (48)
Interest income 76
Transfer fees (Note 2) 41
Income Before Depreciation and Amortization 69
Depreciation and amortization (3,111)
Net Loss For The Year (3,043)