Apartment Report

Year Ended 2010-12-31

200 East 36 St
#13A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,209
Receivables (Note 3) 2,116
Prepaid expenses (Note 4) 363
Total Current Assets 3,688
Reserve fund (Notes 2 and 5) 4,919
Property and Improvements: (Notes 2 and 6)
Land 17,225
Building 68,901
Building improvements and equipment 15,956
Total 102,082
Less: accumulated depreciation 57,979
Net Property and Improvements 44,103
Other Assets:
Cash - security deposits 581
Unamortized mortgage finance costs (Note 2) 493
Deferred ieasing commissions (Note 2) 195
Total Other Assets 1,268
Total Assets 53,978
Liabilities
Current Liabilities:
Accounts payable 463
Real estate tax abatements 602
Accrued mortgage interest 185
Building improvements payable -0-
Advance maintenance 73
Total Current Liabilities 1,323
Long-Term Liabilities:
Mortgage payable (Note 7) 37,736
Security deposits payable 581
Total Long-Term Liabilities 38,317
Total Liabilities 39,639
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 275
Additional paid-in capital 57,482
Accumulated deficit (43,417)
Total Stackholders' Equity 14,339
Total Liabilities and Stockholders' Equity 53,978

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,897
Commercial and professional 2,798
Operating assessment 1,057
Electricity charges rebilled 652
Other sharehalder fees 212
Laundry income 35
Total Revenues 15,651
Cost of Operations
Administrative expenses Schedule 1 606
Operating expenses Schedule 2 6,011
Repairs and maintenance Schedule 3 617
Real estate tax 6,206
Interest expense 2,173
Corporation taxes 80
Total Cost of Operations 15,693
Loss from operations before other items and depreciation and amortization (42)
Interest income 65
Transfer fees (Note 2) 36
Income Before Depreciation and Amortization 59
Depreciation and amortization (2,690)
Net Loss For The Year (2,631)