Apartment Report

Year Ended 2010-12-31

200 East 36 St
#12C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,425
Receivables (Note 3) 2,493
Prepaid expenses (Note 4) 427
Total Current Assets 4,345
Reserve fund (Notes 2 and 5) 5,795
Property and Improvements: (Notes 2 and 6)
Land 20,294
Building 81,178
Building improvements and equipment 18,799
Total 120,271
Less: accumulated depreciation 68,309
Net Property and Improvements 51,962
Other Assets:
Cash - security deposits 684
Unamortized mortgage finance costs (Note 2) 580
Deferred ieasing commissions (Note 2) 230
Total Other Assets 1,494
Total Assets 63,596
Liabilities
Current Liabilities:
Accounts payable 545
Real estate tax abatements 709
Accrued mortgage interest 217
Building improvements payable -0-
Advance maintenance 86
Total Current Liabilities 1,558
Long-Term Liabilities:
Mortgage payable (Note 7) 44,459
Security deposits payable 684
Total Long-Term Liabilities 45,144
Total Liabilities 46,702
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 324
Additional paid-in capital 67,724
Accumulated deficit (51,153)
Total Stackholders' Equity 16,894
Total Liabilities and Stockholders' Equity 63,596

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,839
Commercial and professional 3,296
Operating assessment 1,245
Electricity charges rebilled 768
Other sharehalder fees 249
Laundry income 41
Total Revenues 18,440
Cost of Operations
Administrative expenses Schedule 1 714
Operating expenses Schedule 2 7,082
Repairs and maintenance Schedule 3 727
Real estate tax 7,312
Interest expense 2,560
Corporation taxes 94
Total Cost of Operations 18,489
Loss from operations before other items and depreciation and amortization (49)
Interest income 77
Transfer fees (Note 2) 42
Income Before Depreciation and Amortization 70
Depreciation and amortization (3,170)
Net Loss For The Year (3,100)