Apartment Report

Year Ended 2010-12-31

200 East 36 St
#13C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,451
Receivables (Note 3) 2,539
Prepaid expenses (Note 4) 435
Total Current Assets 4,425
Reserve fund (Notes 2 and 5) 5,903
Property and Improvements: (Notes 2 and 6)
Land 20,670
Building 82,681
Building improvements and equipment 19,147
Total 122,498
Less: accumulated depreciation 69,574
Net Property and Improvements 52,924
Other Assets:
Cash - security deposits 697
Unamortized mortgage finance costs (Note 2) 591
Deferred ieasing commissions (Note 2) 234
Total Other Assets 1,522
Total Assets 64,774
Liabilities
Current Liabilities:
Accounts payable 555
Real estate tax abatements 723
Accrued mortgage interest 221
Building improvements payable -0-
Advance maintenance 88
Total Current Liabilities 1,587
Long-Term Liabilities:
Mortgage payable (Note 7) 45,283
Security deposits payable 697
Total Long-Term Liabilities 45,980
Total Liabilities 47,567
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 330
Additional paid-in capital 68,978
Accumulated deficit (52,101)
Total Stackholders' Equity 17,207
Total Liabilities and Stockholders' Equity 64,774

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,077
Commercial and professional 3,357
Operating assessment 1,268
Electricity charges rebilled 783
Other sharehalder fees 254
Laundry income 42
Total Revenues 18,781
Cost of Operations
Administrative expenses Schedule 1 727
Operating expenses Schedule 2 7,213
Repairs and maintenance Schedule 3 740
Real estate tax 7,447
Interest expense 2,608
Corporation taxes 96
Total Cost of Operations 18,831
Loss from operations before other items and depreciation and amortization (50)
Interest income 78
Transfer fees (Note 2) 43
Income Before Depreciation and Amortization 71
Depreciation and amortization (3,229)
Net Loss For The Year (3,157)