Apartment Report

Year Ended 2010-12-31

200 East 36 St
#19C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,341
Receivables (Note 3) 2,347
Prepaid expenses (Note 4) 402
Total Current Assets 4,090
Reserve fund (Notes 2 and 5) 5,456
Property and Improvements: (Notes 2 and 6)
Land 19,104
Building 76,417
Building improvements and equipment 17,697
Total 113,218
Less: accumulated depreciation 64,304
Net Property and Improvements 48,915
Other Assets:
Cash - security deposits 644
Unamortized mortgage finance costs (Note 2) 546
Deferred ieasing commissions (Note 2) 216
Total Other Assets 1,407
Total Assets 59,867
Liabilities
Current Liabilities:
Accounts payable 513
Real estate tax abatements 668
Accrued mortgage interest 205
Building improvements payable -0-
Advance maintenance 81
Total Current Liabilities 1,467
Long-Term Liabilities:
Mortgage payable (Note 7) 41,852
Security deposits payable 644
Total Long-Term Liabilities 42,496
Total Liabilities 43,963
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 305
Additional paid-in capital 63,752
Accumulated deficit (48,154)
Total Stackholders' Equity 15,904
Total Liabilities and Stockholders' Equity 59,867

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,086
Commercial and professional 3,103
Operating assessment 1,172
Electricity charges rebilled 723
Other sharehalder fees 235
Laundry income 39
Total Revenues 17,358
Cost of Operations
Administrative expenses Schedule 1 672
Operating expenses Schedule 2 6,666
Repairs and maintenance Schedule 3 684
Real estate tax 6,883
Interest expense 2,410
Corporation taxes 89
Total Cost of Operations 17,404
Loss from operations before other items and depreciation and amortization (46)
Interest income 73
Transfer fees (Note 2) 40
Income Before Depreciation and Amortization 66
Depreciation and amortization (2,984)
Net Loss For The Year (2,918)