Apartment Report

Year Ended 2010-12-31

200 East 36 St
#11J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 932
Receivables (Note 3) 1,631
Prepaid expenses (Note 4) 280
Total Current Assets 2,843
Reserve fund (Notes 2 and 5) 3,792
Property and Improvements: (Notes 2 and 6)
Land 13,279
Building 53,116
Building improvements and equipment 12,301
Total 78,696
Less: accumulated depreciation 44,696
Net Property and Improvements 34,000
Other Assets:
Cash - security deposits 448
Unamortized mortgage finance costs (Note 2) 380
Deferred ieasing commissions (Note 2) 150
Total Other Assets 978
Total Assets 41,612
Liabilities
Current Liabilities:
Accounts payable 357
Real estate tax abatements 464
Accrued mortgage interest 142
Building improvements payable -0-
Advance maintenance 56
Total Current Liabilities 1,020
Long-Term Liabilities:
Mortgage payable (Note 7) 29,091
Security deposits payable 448
Total Long-Term Liabilities 29,539
Total Liabilities 30,558
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 212
Additional paid-in capital 44,313
Accumulated deficit (33,471)
Total Stackholders' Equity 11,054
Total Liabilities and Stockholders' Equity 41,612

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,401
Commercial and professional 2,157
Operating assessment 815
Electricity charges rebilled 503
Other sharehalder fees 163
Laundry income 27
Total Revenues 12,065
Cost of Operations
Administrative expenses Schedule 1 467
Operating expenses Schedule 2 4,634
Repairs and maintenance Schedule 3 476
Real estate tax 4,784
Interest expense 1,675
Corporation taxes 62
Total Cost of Operations 12,098
Loss from operations before other items and depreciation and amortization (32)
Interest income 50
Transfer fees (Note 2) 28
Income Before Depreciation and Amortization 46
Depreciation and amortization (2,074)
Net Loss For The Year (2,028)