Apartment Report

Year Ended 2011-12-31

200 East 36 St
#2B
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,586
Receivables (Note 3) 2,412
Prepaid expenses (Note 4) 370
Total Current Assets 4,368
Reserve fund (Notes 2 and 5) 4,895
Property and Improvements: (Notes 2 and 6)
Land 19,292
Building 77,169
Building improvements and equipment 18,341
Total 114,802
Less: accumulated depreciation 67,810
Net Property and Improvements 46,992
Other Assets:
Cash - security deposits 584
Unamortized mortgage finance costs (Note 2) 507
Deferred ieasing commissions (Note 2) 162
Total Other Assets 1,252
Total Assets 57,508
Liabilities
Current Liabilities:
Accounts payable 555
Real estate tax abatements 676
Accrued mortgage interest 207
Building improvements payable 145
Advance maintenance 61
Total Current Liabilities 1,644
Long-Term Liabilities:
Mortgage payable (Note 7) 42,264
Security deposits payable 506
Total Long-Term Liabilities 42,769
Total Liabilities 44,413
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 308
Additional paid-in capital 64,379
Accumulated deficit (51,593)
Total Stackholders' Equity 13,094
Total Liabilities and Stockholders' Equity 57,508

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,585
Commercial and professional 2,881
Operating assessment 1,267
Electricity charges rebilled 682
Other sharehalder fees 260
Laundry income 39
Total Revenues 17,714
Cost of Operations
Administrative expenses Schedule 1 774
Operating expenses Schedule 2 6,922
Repairs and maintenance Schedule 3 807
Real estate tax 7,224
Interest expense 2,434
Corporation taxes 93
Total Cost of Operations 18,255
Loss from operations before other items and depreciation and amortization (541)
Interest income 62
Transfer fees (Note 2) 489
Income Before Depreciation and Amortization 10
Depreciation and amortization (2,975)
Net Loss For The Year (2,966)