Apartment Report

Year Ended 2010-12-31

200 East 36 St
#1H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,134
Receivables (Note 3) 1,985
Prepaid expenses (Note 4) 340
Total Current Assets 3,460
Reserve fund (Notes 2 and 5) 4,615
Property and Improvements: (Notes 2 and 6)
Land 16,160
Building 64,641
Building improvements and equipment 14,970
Total 95,771
Less: accumulated depreciation 54,394
Net Property and Improvements 41,377
Other Assets:
Cash - security deposits 545
Unamortized mortgage finance costs (Note 2) 462
Deferred ieasing commissions (Note 2) 183
Total Other Assets 1,190
Total Assets 50,642
Liabilities
Current Liabilities:
Accounts payable 434
Real estate tax abatements 565
Accrued mortgage interest 173
Building improvements payable -0-
Advance maintenance 69
Total Current Liabilities 1,241
Long-Term Liabilities:
Mortgage payable (Note 7) 35,403
Security deposits payable 545
Total Long-Term Liabilities 35,948
Total Liabilities 37,189
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 258
Additional paid-in capital 53,928
Accumulated deficit (40,733)
Total Stackholders' Equity 13,453
Total Liabilities and Stockholders' Equity 50,642

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,224
Commercial and professional 2,625
Operating assessment 992
Electricity charges rebilled 612
Other sharehalder fees 199
Laundry income 33
Total Revenues 14,683
Cost of Operations
Administrative expenses Schedule 1 568
Operating expenses Schedule 2 5,639
Repairs and maintenance Schedule 3 579
Real estate tax 5,822
Interest expense 2,039
Corporation taxes 75
Total Cost of Operations 14,722
Loss from operations before other items and depreciation and amortization (39)
Interest income 61
Transfer fees (Note 2) 33
Income Before Depreciation and Amortization 56
Depreciation and amortization (2,524)
Net Loss For The Year (2,468)