Apartment Report

Year Ended 2010-12-31

200 East 36 St
#2D
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,548
Receivables (Note 3) 2,708
Prepaid expenses (Note 4) 464
Total Current Assets 4,720
Reserve fund (Notes 2 and 5) 6,296
Property and Improvements: (Notes 2 and 6)
Land 22,048
Building 88,193
Building improvements and equipment 20,424
Total 130,665
Less: accumulated depreciation 74,213
Net Property and Improvements 56,452
Other Assets:
Cash - security deposits 743
Unamortized mortgage finance costs (Note 2) 630
Deferred ieasing commissions (Note 2) 249
Total Other Assets 1,623
Total Assets 69,092
Liabilities
Current Liabilities:
Accounts payable 592
Real estate tax abatements 771
Accrued mortgage interest 236
Building improvements payable -0-
Advance maintenance 94
Total Current Liabilities 1,693
Long-Term Liabilities:
Mortgage payable (Note 7) 48,302
Security deposits payable 743
Total Long-Term Liabilities 49,045
Total Liabilities 50,738
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 352
Additional paid-in capital 73,576
Accumulated deficit (55,574)
Total Stackholders' Equity 18,354
Total Liabilities and Stockholders' Equity 69,092

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,949
Commercial and professional 3,581
Operating assessment 1,353
Electricity charges rebilled 835
Other sharehalder fees 271
Laundry income 45
Total Revenues 20,033
Cost of Operations
Administrative expenses Schedule 1 776
Operating expenses Schedule 2 7,694
Repairs and maintenance Schedule 3 790
Real estate tax 7,944
Interest expense 2,782
Corporation taxes 102
Total Cost of Operations 20,087
Loss from operations before other items and depreciation and amortization (53)
Interest income 84
Transfer fees (Note 2) 46
Income Before Depreciation and Amortization 76
Depreciation and amortization (3,444)
Net Loss For The Year (3,368)