Apartment Report

Year Ended 2010-12-31

200 East 36 St
#16D
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,275
Receivables (Note 3) 2,231
Prepaid expenses (Note 4) 382
Total Current Assets 3,889
Reserve fund (Notes 2 and 5) 5,187
Property and Improvements: (Notes 2 and 6)
Land 18,165
Building 72,659
Building improvements and equipment 16,826
Total 107,650
Less: accumulated depreciation 61,141
Net Property and Improvements 46,509
Other Assets:
Cash - security deposits 613
Unamortized mortgage finance costs (Note 2) 519
Deferred ieasing commissions (Note 2) 206
Total Other Assets 1,337
Total Assets 56,923
Liabilities
Current Liabilities:
Accounts payable 488
Real estate tax abatements 635
Accrued mortgage interest 195
Building improvements payable -0-
Advance maintenance 77
Total Current Liabilities 1,395
Long-Term Liabilities:
Mortgage payable (Note 7) 39,794
Security deposits payable 613
Total Long-Term Liabilities 40,406
Total Liabilities 41,801
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 290
Additional paid-in capital 60,617
Accumulated deficit (45,785)
Total Stackholders' Equity 15,121
Total Liabilities and Stockholders' Equity 56,923

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,492
Commercial and professional 2,950
Operating assessment 1,115
Electricity charges rebilled 688
Other sharehalder fees 223
Laundry income 37
Total Revenues 16,505
Cost of Operations
Administrative expenses Schedule 1 639
Operating expenses Schedule 2 6,338
Repairs and maintenance Schedule 3 651
Real estate tax 6,545
Interest expense 2,292
Corporation taxes 84
Total Cost of Operations 16,549
Loss from operations before other items and depreciation and amortization (44)
Interest income 69
Transfer fees (Note 2) 38
Income Before Depreciation and Amortization 63
Depreciation and amortization (2,837)
Net Loss For The Year (2,775)