Apartment Report

Year Ended 2010-12-31

200 East 36 St
#11E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,165
Receivables (Note 3) 2,039
Prepaid expenses (Note 4) 349
Total Current Assets 3,554
Reserve fund (Notes 2 and 5) 4,740
Property and Improvements: (Notes 2 and 6)
Land 16,599
Building 66,395
Building improvements and equipment 15,376
Total 98,370
Less: accumulated depreciation 55,870
Net Property and Improvements 42,500
Other Assets:
Cash - security deposits 560
Unamortized mortgage finance costs (Note 2) 475
Deferred ieasing commissions (Note 2) 188
Total Other Assets 1,222
Total Assets 52,016
Liabilities
Current Liabilities:
Accounts payable 446
Real estate tax abatements 580
Accrued mortgage interest 178
Building improvements payable -0-
Advance maintenance 70
Total Current Liabilities 1,275
Long-Term Liabilities:
Mortgage payable (Note 7) 36,363
Security deposits payable 560
Total Long-Term Liabilities 36,923
Total Liabilities 38,198
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 265
Additional paid-in capital 55,391
Accumulated deficit (41,838)
Total Stackholders' Equity 13,818
Total Liabilities and Stockholders' Equity 52,016

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,501
Commercial and professional 2,696
Operating assessment 1,019
Electricity charges rebilled 628
Other sharehalder fees 204
Laundry income 34
Total Revenues 15,082
Cost of Operations
Administrative expenses Schedule 1 584
Operating expenses Schedule 2 5,792
Repairs and maintenance Schedule 3 595
Real estate tax 5,980
Interest expense 2,094
Corporation taxes 77
Total Cost of Operations 15,122
Loss from operations before other items and depreciation and amortization (40)
Interest income 63
Transfer fees (Note 2) 34
Income Before Depreciation and Amortization 57
Depreciation and amortization (2,593)
Net Loss For The Year (2,535)