Apartment Report

Year Ended 2011-12-31

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 1,329
Receivables (Note 3) 2,020
Prepaid expenses (Note 4) 310
Total Current Assets 3,659
Reserve fund (Notes 2 and 5) 4,101
Property and Improvements: (Notes 2 and 6)
Land 16,160
Building 64,641
Building improvements and equipment 15,364
Total 96,166
Less: accumulated depreciation 56,802
Net Property and Improvements 39,363
Other Assets:
Cash - security deposits 489
Unamortized mortgage finance costs (Note 2) 425
Deferred ieasing commissions (Note 2) 136
Total Other Assets 1,049
Total Assets 48,172
Liabilities
Current Liabilities:
Accounts payable 465
Real estate tax abatements 566
Accrued mortgage interest 173
Building improvements payable 122
Advance maintenance 51
Total Current Liabilities 1,377
Long-Term Liabilities:
Mortgage payable (Note 7) 35,403
Security deposits payable 423
Total Long-Term Liabilities 35,826
Total Liabilities 37,203
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 (43,217)
Total Stackholders' Equity 10,969
Total Liabilities and Stockholders' Equity 48,172

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,542
Commercial and professional 2,414
Operating assessment 1,061
Electricity charges rebilled 571
Other sharehalder fees 217
Laundry income 33
Total Revenues 14,838
Cost of Operations
Administrative expenses Schedule 1 648
Operating expenses Schedule 2 5,799
Repairs and maintenance Schedule 3 676
Real estate tax 6,051
Interest expense 2,039
Corporation taxes 78
Total Cost of Operations 15,291
Loss from operations before other items and depreciation and amortization (453)
Interest income 52
Transfer fees (Note 2) 410
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,492)
Net Loss For The Year (2,484)