Apartment Report

Year Ended 2011-12-31

200 East 36 St
#16E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,494
Receivables (Note 3) 2,271
Prepaid expenses (Note 4) 348
Total Current Assets 4,113
Reserve fund (Notes 2 and 5) 4,609
Property and Improvements: (Notes 2 and 6)
Land 18,165
Building 72,659
Building improvements and equipment 17,269
Total 108,093
Less: accumulated depreciation 63,847
Net Property and Improvements 44,246
Other Assets:
Cash - security deposits 549
Unamortized mortgage finance costs (Note 2) 477
Deferred ieasing commissions (Note 2) 152
Total Other Assets 1,179
Total Assets 54,147
Liabilities
Current Liabilities:
Accounts payable 523
Real estate tax abatements 636
Accrued mortgage interest 195
Building improvements payable 137
Advance maintenance 57
Total Current Liabilities 1,548
Long-Term Liabilities:
Mortgage payable (Note 7) 39,794
Security deposits payable 476
Total Long-Term Liabilities 40,270
Total Liabilities 41,818
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 (48,578)
Total Stackholders' Equity 12,329
Total Liabilities and Stockholders' Equity 54,147

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,849
Commercial and professional 2,713
Operating assessment 1,193
Electricity charges rebilled 642
Other sharehalder fees 244
Laundry income 37
Total Revenues 16,678
Cost of Operations
Administrative expenses Schedule 1 729
Operating expenses Schedule 2 6,518
Repairs and maintenance Schedule 3 760
Real estate tax 6,802
Interest expense 2,292
Corporation taxes 88
Total Cost of Operations 17,188
Loss from operations before other items and depreciation and amortization (510)
Interest income 58
Transfer fees (Note 2) 461
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,802)
Net Loss For The Year (2,792)