Apartment Report

Year Ended 2010-12-31

200 East 36 St
#14H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,231
Receivables (Note 3) 2,154
Prepaid expenses (Note 4) 369
Total Current Assets 3,755
Reserve fund (Notes 2 and 5) 5,008
Property and Improvements: (Notes 2 and 6)
Land 17,538
Building 70,154
Building improvements and equipment 16,246
Total 103,938
Less: accumulated depreciation 59,033
Net Property and Improvements 44,905
Other Assets:
Cash - security deposits 591
Unamortized mortgage finance costs (Note 2) 501
Deferred ieasing commissions (Note 2) 198
Total Other Assets 1,291
Total Assets 54,960
Liabilities
Current Liabilities:
Accounts payable 471
Real estate tax abatements 613
Accrued mortgage interest 188
Building improvements payable -0-
Advance maintenance 74
Total Current Liabilities 1,347
Long-Term Liabilities:
Mortgage payable (Note 7) 38,422
Security deposits payable 591
Total Long-Term Liabilities 39,013
Total Liabilities 40,360
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 (44,207)
Total Stackholders' Equity 14,600
Total Liabilities and Stockholders' Equity 54,960

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,095
Commercial and professional 2,849
Operating assessment 1,076
Electricity charges rebilled 664
Other sharehalder fees 216
Laundry income 35
Total Revenues 15,935
Cost of Operations
Administrative expenses Schedule 1 617
Operating expenses Schedule 2 6,120
Repairs and maintenance Schedule 3 628
Real estate tax 6,319
Interest expense 2,213
Corporation taxes 81
Total Cost of Operations 15,978
Loss from operations before other items and depreciation and amortization (43)
Interest income 67
Transfer fees (Note 2) 36
Income Before Depreciation and Amortization 60
Depreciation and amortization (2,739)
Net Loss For The Year (2,679)