Apartment Report

Year Ended 2010-12-31

200 East 36 St
#15E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,253
Receivables (Note 3) 2,193
Prepaid expenses (Note 4) 376
Total Current Assets 3,822
Reserve fund (Notes 2 and 5) 5,098
Property and Improvements: (Notes 2 and 6)
Land 17,852
Building 71,406
Building improvements and equipment 16,536
Total 105,794
Less: accumulated depreciation 60,087
Net Property and Improvements 45,707
Other Assets:
Cash - security deposits 602
Unamortized mortgage finance costs (Note 2) 510
Deferred ieasing commissions (Note 2) 202
Total Other Assets 1,314
Total Assets 55,941
Liabilities
Current Liabilities:
Accounts payable 480
Real estate tax abatements 624
Accrued mortgage interest 191
Building improvements payable -0-
Advance maintenance 76
Total Current Liabilities 1,371
Long-Term Liabilities:
Mortgage payable (Note 7) 39,108
Security deposits payable 602
Total Long-Term Liabilities 39,710
Total Liabilities 41,081
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 285
Additional paid-in capital 59,572
Accumulated deficit (44,996)
Total Stackholders' Equity 14,861
Total Liabilities and Stockholders' Equity 55,941

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,294
Commercial and professional 2,899
Operating assessment 1,096
Electricity charges rebilled 676
Other sharehalder fees 219
Laundry income 36
Total Revenues 16,220
Cost of Operations
Administrative expenses Schedule 1 628
Operating expenses Schedule 2 6,229
Repairs and maintenance Schedule 3 639
Real estate tax 6,432
Interest expense 2,252
Corporation taxes 83
Total Cost of Operations 16,263
Loss from operations before other items and depreciation and amortization (43)
Interest income 68
Transfer fees (Note 2) 37
Income Before Depreciation and Amortization 62
Depreciation and amortization (2,788)
Net Loss For The Year (2,727)