Apartment Report

Year Ended 2010-12-31

200 East 36 St
#17A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,297
Receivables (Note 3) 2,270
Prepaid expenses (Note 4) 389
Total Current Assets 3,956
Reserve fund (Notes 2 and 5) 5,277
Property and Improvements: (Notes 2 and 6)
Land 18,478
Building 73,912
Building improvements and equipment 17,116
Total 109,506
Less: accumulated depreciation 62,195
Net Property and Improvements 47,311
Other Assets:
Cash - security deposits 623
Unamortized mortgage finance costs (Note 2) 528
Deferred ieasing commissions (Note 2) 209
Total Other Assets 1,361
Total Assets 57,904
Liabilities
Current Liabilities:
Accounts payable 496
Real estate tax abatements 646
Accrued mortgage interest 198
Building improvements payable -0-
Advance maintenance 78
Total Current Liabilities 1,419
Long-Term Liabilities:
Mortgage payable (Note 7) 40,480
Security deposits payable 623
Total Long-Term Liabilities 41,103
Total Liabilities 42,522
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 295
Additional paid-in capital 61,662
Accumulated deficit (46,575)
Total Stackholders' Equity 15,382
Total Liabilities and Stockholders' Equity 57,904

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,690
Commercial and professional 3,001
Operating assessment 1,134
Electricity charges rebilled 700
Other sharehalder fees 227
Laundry income 37
Total Revenues 16,789
Cost of Operations
Administrative expenses Schedule 1 650
Operating expenses Schedule 2 6,448
Repairs and maintenance Schedule 3 662
Real estate tax 6,657
Interest expense 2,331
Corporation taxes 86
Total Cost of Operations 16,834
Loss from operations before other items and depreciation and amortization (45)
Interest income 70
Transfer fees (Note 2) 38
Income Before Depreciation and Amortization 64
Depreciation and amortization (2,886)
Net Loss For The Year (2,822)