Apartment Report

Year Ended 2010-12-31

200 East 36 St
#2E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 967
Receivables (Note 3) 1,693
Prepaid expenses (Note 4) 290
Total Current Assets 2,950
Reserve fund (Notes 2 and 5) 3,935
Property and Improvements: (Notes 2 and 6)
Land 13,780
Building 55,121
Building improvements and equipment 12,765
Total 81,666
Less: accumulated depreciation 46,383
Net Property and Improvements 35,283
Other Assets:
Cash - security deposits 465
Unamortized mortgage finance costs (Note 2) 394
Deferred ieasing commissions (Note 2) 156
Total Other Assets 1,015
Total Assets 43,183
Liabilities
Current Liabilities:
Accounts payable 370
Real estate tax abatements 482
Accrued mortgage interest 148
Building improvements payable -0-
Advance maintenance 58
Total Current Liabilities 1,058
Long-Term Liabilities:
Mortgage payable (Note 7) 30,189
Security deposits payable 465
Total Long-Term Liabilities 30,653
Total Liabilities 31,711
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 220
Additional paid-in capital 45,985
Accumulated deficit (34,734)
Total Stackholders' Equity 11,471
Total Liabilities and Stockholders' Equity 43,183

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,718
Commercial and professional 2,238
Operating assessment 846
Electricity charges rebilled 522
Other sharehalder fees 169
Laundry income 28
Total Revenues 12,521
Cost of Operations
Administrative expenses Schedule 1 485
Operating expenses Schedule 2 4,808
Repairs and maintenance Schedule 3 494
Real estate tax 4,965
Interest expense 1,739
Corporation taxes 64
Total Cost of Operations 12,554
Loss from operations before other items and depreciation and amortization (33)
Interest income 52
Transfer fees (Note 2) 29
Income Before Depreciation and Amortization 47
Depreciation and amortization (2,152)
Net Loss For The Year (2,105)