Apartment Report

Year Ended 2011-12-31

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 1,154
Receivables (Note 3) 1,754
Prepaid expenses (Note 4) 269
Total Current Assets 3,177
Reserve fund (Notes 2 and 5) 3,560
Property and Improvements: (Notes 2 and 6)
Land 14,031
Building 56,123
Building improvements and equipment 13,339
Total 83,493
Less: accumulated depreciation 49,317
Net Property and Improvements 34,176
Other Assets:
Cash - security deposits 424
Unamortized mortgage finance costs (Note 2) 369
Deferred ieasing commissions (Note 2) 118
Total Other Assets 911
Total Assets 41,824
Liabilities
Current Liabilities:
Accounts payable 404
Real estate tax abatements 491
Accrued mortgage interest 150
Building improvements payable 106
Advance maintenance 44
Total Current Liabilities 1,196
Long-Term Liabilities:
Mortgage payable (Note 7) 30,737
Security deposits payable 368
Total Long-Term Liabilities 31,105
Total Liabilities 32,301
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 (37,522)
Total Stackholders' Equity 9,523
Total Liabilities and Stockholders' Equity 41,824

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,152
Commercial and professional 2,096
Operating assessment 921
Electricity charges rebilled 496
Other sharehalder fees 189
Laundry income 28
Total Revenues 12,883
Cost of Operations
Administrative expenses Schedule 1 563
Operating expenses Schedule 2 5,035
Repairs and maintenance Schedule 3 587
Real estate tax 5,254
Interest expense 1,770
Corporation taxes 68
Total Cost of Operations 13,276
Loss from operations before other items and depreciation and amortization (394)
Interest income 45
Transfer fees (Note 2) 356
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,164)
Net Loss For The Year (2,157)