Apartment Report

Year Ended 2011-12-31

200 East 36 St
#11F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,365
Receivables (Note 3) 2,075
Prepaid expenses (Note 4) 318
Total Current Assets 3,758
Reserve fund (Notes 2 and 5) 4,212
Property and Improvements: (Notes 2 and 6)
Land 16,599
Building 66,395
Building improvements and equipment 15,781
Total 98,775
Less: accumulated depreciation 58,343
Net Property and Improvements 40,431
Other Assets:
Cash - security deposits 502
Unamortized mortgage finance costs (Note 2) 436
Deferred ieasing commissions (Note 2) 139
Total Other Assets 1,078
Total Assets 49,479
Liabilities
Current Liabilities:
Accounts payable 478
Real estate tax abatements 581
Accrued mortgage interest 178
Building improvements payable 125
Advance maintenance 52
Total Current Liabilities 1,414
Long-Term Liabilities:
Mortgage payable (Note 7) 36,363
Security deposits payable 435
Total Long-Term Liabilities 36,798
Total Liabilities 38,213
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 (44,390)
Total Stackholders' Equity 11,266
Total Liabilities and Stockholders' Equity 49,479

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,828
Commercial and professional 2,479
Operating assessment 1,090
Electricity charges rebilled 587
Other sharehalder fees 223
Laundry income 34
Total Revenues 15,241
Cost of Operations
Administrative expenses Schedule 1 666
Operating expenses Schedule 2 5,956
Repairs and maintenance Schedule 3 695
Real estate tax 6,215
Interest expense 2,094
Corporation taxes 80
Total Cost of Operations 15,706
Loss from operations before other items and depreciation and amortization (466)
Interest income 53
Transfer fees (Note 2) 421
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,560)
Net Loss For The Year (2,552)