Apartment Report

Year Ended 2010-12-31

200 East 36 St
#14G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,724
Receivables (Note 3) 3,016
Prepaid expenses (Note 4) 517
Total Current Assets 5,257
Reserve fund (Notes 2 and 5) 7,012
Property and Improvements: (Notes 2 and 6)
Land 24,554
Building 98,215
Building improvements and equipment 22,744
Total 145,513
Less: accumulated depreciation 82,646
Net Property and Improvements 62,867
Other Assets:
Cash - security deposits 828
Unamortized mortgage finance costs (Note 2) 702
Deferred ieasing commissions (Note 2) 278
Total Other Assets 1,808
Total Assets 76,944
Liabilities
Current Liabilities:
Accounts payable 660
Real estate tax abatements 858
Accrued mortgage interest 263
Building improvements payable -0-
Advance maintenance 104
Total Current Liabilities 1,885
Long-Term Liabilities:
Mortgage payable (Note 7) 53,790
Security deposits payable 828
Total Long-Term Liabilities 54,618
Total Liabilities 56,504
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 392
Additional paid-in capital 81,937
Accumulated deficit (61,889)
Total Stackholders' Equity 20,440
Total Liabilities and Stockholders' Equity 76,944

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 15,534
Commercial and professional 3,988
Operating assessment 1,507
Electricity charges rebilled 930
Other sharehalder fees 302
Laundry income 50
Total Revenues 22,310
Cost of Operations
Administrative expenses Schedule 1 864
Operating expenses Schedule 2 8,568
Repairs and maintenance Schedule 3 879
Real estate tax 8,847
Interest expense 3,098
Corporation taxes 114
Total Cost of Operations 22,369
Loss from operations before other items and depreciation and amortization (60)
Interest income 93
Transfer fees (Note 2) 51
Income Before Depreciation and Amortization 85
Depreciation and amortization (3,835)
Net Loss For The Year (3,751)