Apartment Report

Year Ended 2011-12-31

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 1,092
Receivables (Note 3) 1,660
Prepaid expenses (Note 4) 255
Total Current Assets 3,006
Reserve fund (Notes 2 and 5) 3,370
Property and Improvements: (Notes 2 and 6)
Land 13,279
Building 53,116
Building improvements and equipment 12,624
Total 79,020
Less: accumulated depreciation 46,675
Net Property and Improvements 32,345
Other Assets:
Cash - security deposits 402
Unamortized mortgage finance costs (Note 2) 349
Deferred ieasing commissions (Note 2) 111
Total Other Assets 862
Total Assets 39,583
Liabilities
Current Liabilities:
Accounts payable 382
Real estate tax abatements 465
Accrued mortgage interest 142
Building improvements payable 100
Advance maintenance 42
Total Current Liabilities 1,131
Long-Term Liabilities:
Mortgage payable (Note 7) 29,091
Security deposits payable 348
Total Long-Term Liabilities 29,439
Total Liabilities 30,570
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 (35,512)
Total Stackholders' Equity 9,013
Total Liabilities and Stockholders' Equity 39,583

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,662
Commercial and professional 1,983
Operating assessment 872
Electricity charges rebilled 469
Other sharehalder fees 179
Laundry income 27
Total Revenues 12,192
Cost of Operations
Administrative expenses Schedule 1 533
Operating expenses Schedule 2 4,765
Repairs and maintenance Schedule 3 556
Real estate tax 4,972
Interest expense 1,675
Corporation taxes 64
Total Cost of Operations 12,565
Loss from operations before other items and depreciation and amortization (373)
Interest income 42
Transfer fees (Note 2) 337
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,048)
Net Loss For The Year (2,041)