Apartment Report

Year Ended 2010-12-31

200 East 36 St
#12J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 950
Receivables (Note 3) 1,662
Prepaid expenses (Note 4) 285
Total Current Assets 2,897
Reserve fund (Notes 2 and 5) 3,864
Property and Improvements: (Notes 2 and 6)
Land 13,530
Building 54,118
Building improvements and equipment 12,533
Total 80,181
Less: accumulated depreciation 45,540
Net Property and Improvements 34,641
Other Assets:
Cash - security deposits 456
Unamortized mortgage finance costs (Note 2) 387
Deferred ieasing commissions (Note 2) 153
Total Other Assets 996
Total Assets 42,398
Liabilities
Current Liabilities:
Accounts payable 364
Real estate tax abatements 473
Accrued mortgage interest 145
Building improvements payable -0-
Advance maintenance 57
Total Current Liabilities 1,039
Long-Term Liabilities:
Mortgage payable (Note 7) 29,640
Security deposits payable 456
Total Long-Term Liabilities 30,096
Total Liabilities 31,135
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 216
Additional paid-in capital 45,149
Accumulated deficit (34,102)
Total Stackholders' Equity 11,263
Total Liabilities and Stockholders' Equity 42,398

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,559
Commercial and professional 2,197
Operating assessment 830
Electricity charges rebilled 512
Other sharehalder fees 166
Laundry income 27
Total Revenues 12,293
Cost of Operations
Administrative expenses Schedule 1 476
Operating expenses Schedule 2 4,721
Repairs and maintenance Schedule 3 485
Real estate tax 4,875
Interest expense 1,707
Corporation taxes 63
Total Cost of Operations 12,326
Loss from operations before other items and depreciation and amortization (33)
Interest income 51
Transfer fees (Note 2) 28
Income Before Depreciation and Amortization 47
Depreciation and amortization (2,113)
Net Loss For The Year (2,067)