Apartment Report

Year Ended 2011-12-31

200 East 36 St
#13F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,416
Receivables (Note 3) 2,153
Prepaid expenses (Note 4) 330
Total Current Assets 3,900
Reserve fund (Notes 2 and 5) 4,371
Property and Improvements: (Notes 2 and 6)
Land 17,225
Building 68,901
Building improvements and equipment 16,376
Total 102,502
Less: accumulated depreciation 60,545
Net Property and Improvements 41,957
Other Assets:
Cash - security deposits 521
Unamortized mortgage finance costs (Note 2) 453
Deferred ieasing commissions (Note 2) 145
Total Other Assets 1,118
Total Assets 51,346
Liabilities
Current Liabilities:
Accounts payable 496
Real estate tax abatements 603
Accrued mortgage interest 185
Building improvements payable 130
Advance maintenance 54
Total Current Liabilities 1,468
Long-Term Liabilities:
Mortgage payable (Note 7) 37,736
Security deposits payable 451
Total Long-Term Liabilities 38,187
Total Liabilities 39,655
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 (46,065)
Total Stackholders' Equity 11,691
Total Liabilities and Stockholders' Equity 51,346

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,236
Commercial and professional 2,573
Operating assessment 1,131
Electricity charges rebilled 609
Other sharehalder fees 232
Laundry income 35
Total Revenues 15,816
Cost of Operations
Administrative expenses Schedule 1 691
Operating expenses Schedule 2 6,181
Repairs and maintenance Schedule 3 721
Real estate tax 6,450
Interest expense 2,173
Corporation taxes 83
Total Cost of Operations 16,299
Loss from operations before other items and depreciation and amortization (483)
Interest income 55
Transfer fees (Note 2) 437
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,657)
Net Loss For The Year (2,648)