Apartment Report

Year Ended 2010-12-31

200 East 36 St
#14J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 985
Receivables (Note 3) 1,724
Prepaid expenses (Note 4) 295
Total Current Assets 3,004
Reserve fund (Notes 2 and 5) 4,007
Property and Improvements: (Notes 2 and 6)
Land 14,031
Building 56,123
Building improvements and equipment 12,997
Total 83,150
Less: accumulated depreciation 47,226
Net Property and Improvements 35,924
Other Assets:
Cash - security deposits 473
Unamortized mortgage finance costs (Note 2) 401
Deferred ieasing commissions (Note 2) 159
Total Other Assets 1,033
Total Assets 43,968
Liabilities
Current Liabilities:
Accounts payable 377
Real estate tax abatements 490
Accrued mortgage interest 150
Building improvements payable -0-
Advance maintenance 60
Total Current Liabilities 1,077
Long-Term Liabilities:
Mortgage payable (Note 7) 30,737
Security deposits payable 473
Total Long-Term Liabilities 31,211
Total Liabilities 32,288
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 224
Additional paid-in capital 46,821
Accumulated deficit (35,365)
Total Stackholders' Equity 11,680
Total Liabilities and Stockholders' Equity 43,968

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,876
Commercial and professional 2,279
Operating assessment 861
Electricity charges rebilled 531
Other sharehalder fees 172
Laundry income 28
Total Revenues 12,748
Cost of Operations
Administrative expenses Schedule 1 494
Operating expenses Schedule 2 4,896
Repairs and maintenance Schedule 3 503
Real estate tax 5,055
Interest expense 1,770
Corporation taxes 65
Total Cost of Operations 12,782
Loss from operations before other items and depreciation and amortization (34)
Interest income 53
Transfer fees (Note 2) 29
Income Before Depreciation and Amortization 48
Depreciation and amortization (2,192)
Net Loss For The Year (2,143)