Apartment Report

Year Ended 2011-12-31

200 East 36 St
#17E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,519
Receivables (Note 3) 2,310
Prepaid expenses (Note 4) 354
Total Current Assets 4,184
Reserve fund (Notes 2 and 5) 4,689
Property and Improvements: (Notes 2 and 6)
Land 18,478
Building 73,912
Building improvements and equipment 17,567
Total 109,957
Less: accumulated depreciation 64,948
Net Property and Improvements 45,009
Other Assets:
Cash - security deposits 559
Unamortized mortgage finance costs (Note 2) 486
Deferred ieasing commissions (Note 2) 155
Total Other Assets 1,200
Total Assets 55,080
Liabilities
Current Liabilities:
Accounts payable 532
Real estate tax abatements 647
Accrued mortgage interest 198
Building improvements payable 139
Advance maintenance 58
Total Current Liabilities 1,574
Long-Term Liabilities:
Mortgage payable (Note 7) 40,480
Security deposits payable 484
Total Long-Term Liabilities 40,964
Total Liabilities 42,539
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 (49,415)
Total Stackholders' Equity 12,542
Total Liabilities and Stockholders' Equity 55,080

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,053
Commercial and professional 2,760
Operating assessment 1,213
Electricity charges rebilled 653
Other sharehalder fees 249
Laundry income 37
Total Revenues 16,966
Cost of Operations
Administrative expenses Schedule 1 741
Operating expenses Schedule 2 6,630
Repairs and maintenance Schedule 3 773
Real estate tax 6,919
Interest expense 2,331
Corporation taxes 89
Total Cost of Operations 17,484
Loss from operations before other items and depreciation and amortization (518)
Interest income 59
Transfer fees (Note 2) 469
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,850)
Net Loss For The Year (2,841)