Apartment Report

Year Ended 2010-12-31

200 East 36 St
#14C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,477
Receivables (Note 3) 2,585
Prepaid expenses (Note 4) 443
Total Current Assets 4,506
Reserve fund (Notes 2 and 5) 6,010
Property and Improvements: (Notes 2 and 6)
Land 21,046
Building 84,184
Building improvements and equipment 19,495
Total 124,726
Less: accumulated depreciation 70,839
Net Property and Improvements 53,886
Other Assets:
Cash - security deposits 710
Unamortized mortgage finance costs (Note 2) 602
Deferred ieasing commissions (Note 2) 238
Total Other Assets 1,550
Total Assets 65,952
Liabilities
Current Liabilities:
Accounts payable 565
Real estate tax abatements 736
Accrued mortgage interest 226
Building improvements payable -0-
Advance maintenance 89
Total Current Liabilities 1,616
Long-Term Liabilities:
Mortgage payable (Note 7) 46,106
Security deposits payable 710
Total Long-Term Liabilities 46,816
Total Liabilities 48,432
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 336
Additional paid-in capital 70,232
Accumulated deficit (53,048)
Total Stackholders' Equity 17,520
Total Liabilities and Stockholders' Equity 65,952

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,315
Commercial and professional 3,418
Operating assessment 1,292
Electricity charges rebilled 797
Other sharehalder fees 259
Laundry income 43
Total Revenues 19,122
Cost of Operations
Administrative expenses Schedule 1 740
Operating expenses Schedule 2 7,344
Repairs and maintenance Schedule 3 754
Real estate tax 7,583
Interest expense 2,655
Corporation taxes 98
Total Cost of Operations 19,173
Loss from operations before other items and depreciation and amortization (51)
Interest income 80
Transfer fees (Note 2) 44
Income Before Depreciation and Amortization 73
Depreciation and amortization (3,287)
Net Loss For The Year (3,215)