Apartment Report

Year Ended 2011-12-31

200 East 36 St
#12F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,391
Receivables (Note 3) 2,114
Prepaid expenses (Note 4) 324
Total Current Assets 3,829
Reserve fund (Notes 2 and 5) 4,291
Property and Improvements: (Notes 2 and 6)
Land 16,912
Building 67,648
Building improvements and equipment 16,078
Total 100,638
Less: accumulated depreciation 59,444
Net Property and Improvements 41,194
Other Assets:
Cash - security deposits 512
Unamortized mortgage finance costs (Note 2) 444
Deferred ieasing commissions (Note 2) 142
Total Other Assets 1,098
Total Assets 50,413
Liabilities
Current Liabilities:
Accounts payable 487
Real estate tax abatements 592
Accrued mortgage interest 181
Building improvements payable 128
Advance maintenance 53
Total Current Liabilities 1,441
Long-Term Liabilities:
Mortgage payable (Note 7) 37,050
Security deposits payable 443
Total Long-Term Liabilities 37,493
Total Liabilities 38,934
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 270
Additional paid-in capital 56,436
Accumulated deficit (45,228)
Total Stackholders' Equity 11,479
Total Liabilities and Stockholders' Equity 50,413

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,032
Commercial and professional 2,526
Operating assessment 1,111
Electricity charges rebilled 598
Other sharehalder fees 228
Laundry income 34
Total Revenues 15,528
Cost of Operations
Administrative expenses Schedule 1 679
Operating expenses Schedule 2 6,068
Repairs and maintenance Schedule 3 708
Real estate tax 6,333
Interest expense 2,134
Corporation taxes 82
Total Cost of Operations 16,003
Loss from operations before other items and depreciation and amortization (474)
Interest income 54
Transfer fees (Note 2) 429
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,608)
Net Loss For The Year (2,600)