Apartment Report

Year Ended 2011-12-31

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 1,113
Receivables (Note 3) 1,691
Prepaid expenses (Note 4) 259
Total Current Assets 3,063
Reserve fund (Notes 2 and 5) 3,433
Property and Improvements: (Notes 2 and 6)
Land 13,530
Building 54,118
Building improvements and equipment 12,863
Total 80,511
Less: accumulated depreciation 47,555
Net Property and Improvements 32,955
Other Assets:
Cash - security deposits 409
Unamortized mortgage finance costs (Note 2) 355
Deferred ieasing commissions (Note 2) 114
Total Other Assets 878
Total Assets 40,330
Liabilities
Current Liabilities:
Accounts payable 389
Real estate tax abatements 474
Accrued mortgage interest 145
Building improvements payable 102
Advance maintenance 43
Total Current Liabilities 1,153
Long-Term Liabilities:
Mortgage payable (Note 7) 29,640
Security deposits payable 355
Total Long-Term Liabilities 29,994
Total Liabilities 31,147
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 (36,182)
Total Stackholders' Equity 9,183
Total Liabilities and Stockholders' Equity 40,330

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,826
Commercial and professional 2,021
Operating assessment 889
Electricity charges rebilled 478
Other sharehalder fees 182
Laundry income 27
Total Revenues 12,423
Cost of Operations
Administrative expenses Schedule 1 543
Operating expenses Schedule 2 4,855
Repairs and maintenance Schedule 3 566
Real estate tax 5,066
Interest expense 1,707
Corporation taxes 65
Total Cost of Operations 12,802
Loss from operations before other items and depreciation and amortization (380)
Interest income 43
Transfer fees (Note 2) 343
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,087)
Net Loss For The Year (2,080)