Apartment Report

Year Ended 2011-12-31

200 East 36 St
#14E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,442
Receivables (Note 3) 2,192
Prepaid expenses (Note 4) 336
Total Current Assets 3,971
Reserve fund (Notes 2 and 5) 4,450
Property and Improvements: (Notes 2 and 6)
Land 17,538
Building 70,154
Building improvements and equipment 16,674
Total 104,366
Less: accumulated depreciation 61,646
Net Property and Improvements 42,720
Other Assets:
Cash - security deposits 530
Unamortized mortgage finance costs (Note 2) 461
Deferred ieasing commissions (Note 2) 147
Total Other Assets 1,139
Total Assets 52,280
Liabilities
Current Liabilities:
Accounts payable 505
Real estate tax abatements 614
Accrued mortgage interest 188
Building improvements payable 132
Advance maintenance 55
Total Current Liabilities 1,494
Long-Term Liabilities:
Mortgage payable (Note 7) 38,422
Security deposits payable 460
Total Long-Term Liabilities 38,881
Total Liabilities 40,376
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 280
Additional paid-in capital 58,527
Accumulated deficit (46,903)
Total Stackholders' Equity 11,904
Total Liabilities and Stockholders' Equity 52,280

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,441
Commercial and professional 2,619
Operating assessment 1,152
Electricity charges rebilled 620
Other sharehalder fees 236
Laundry income 35
Total Revenues 16,103
Cost of Operations
Administrative expenses Schedule 1 704
Operating expenses Schedule 2 6,293
Repairs and maintenance Schedule 3 734
Real estate tax 6,567
Interest expense 2,213
Corporation taxes 85
Total Cost of Operations 16,595
Loss from operations before other items and depreciation and amortization (492)
Interest income 56
Transfer fees (Note 2) 445
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,705)
Net Loss For The Year (2,696)