Apartment Report

Year Ended 2011-12-31

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 1,468
Receivables (Note 3) 2,232
Prepaid expenses (Note 4) 342
Total Current Assets 4,042
Reserve fund (Notes 2 and 5) 4,530
Property and Improvements: (Notes 2 and 6)
Land 17,852
Building 71,406
Building improvements and equipment 16,972
Total 106,229
Less: accumulated depreciation 62,747
Net Property and Improvements 43,483
Other Assets:
Cash - security deposits 540
Unamortized mortgage finance costs (Note 2) 469
Deferred ieasing commissions (Note 2) 150
Total Other Assets 1,159
Total Assets 53,213
Liabilities
Current Liabilities:
Accounts payable 514
Real estate tax abatements 625
Accrued mortgage interest 191
Building improvements payable 135
Advance maintenance 56
Total Current Liabilities 1,521
Long-Term Liabilities:
Mortgage payable (Note 7) 39,108
Security deposits payable 468
Total Long-Term Liabilities 39,576
Total Liabilities 41,097
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 (47,740)
Total Stackholders' Equity 12,117
Total Liabilities and Stockholders' Equity 53,213

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,645
Commercial and professional 2,666
Operating assessment 1,172
Electricity charges rebilled 631
Other sharehalder fees 240
Laundry income 36
Total Revenues 16,391
Cost of Operations
Administrative expenses Schedule 1 716
Operating expenses Schedule 2 6,406
Repairs and maintenance Schedule 3 747
Real estate tax 6,684
Interest expense 2,252
Corporation taxes 86
Total Cost of Operations 16,892
Loss from operations before other items and depreciation and amortization (501)
Interest income 57
Transfer fees (Note 2) 453
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,753)
Net Loss For The Year (2,744)