Apartment Report

Year Ended 2011-12-31

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 1,133
Receivables (Note 3) 1,723
Prepaid expenses (Note 4) 264
Total Current Assets 3,120
Reserve fund (Notes 2 and 5) 3,497
Property and Improvements: (Notes 2 and 6)
Land 13,780
Building 55,121
Building improvements and equipment 13,101
Total 82,002
Less: accumulated depreciation 48,436
Net Property and Improvements 33,566
Other Assets:
Cash - security deposits 417
Unamortized mortgage finance costs (Note 2) 362
Deferred ieasing commissions (Note 2) 116
Total Other Assets 895
Total Assets 41,077
Liabilities
Current Liabilities:
Accounts payable 396
Real estate tax abatements 483
Accrued mortgage interest 148
Building improvements payable 104
Advance maintenance 44
Total Current Liabilities 1,174
Long-Term Liabilities:
Mortgage payable (Note 7) 30,189
Security deposits payable 361
Total Long-Term Liabilities 30,550
Total Liabilities 31,724
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 (36,852)
Total Stackholders' Equity 9,353
Total Liabilities and Stockholders' Equity 41,077

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,989
Commercial and professional 2,058
Operating assessment 905
Electricity charges rebilled 487
Other sharehalder fees 185
Laundry income 28
Total Revenues 12,653
Cost of Operations
Administrative expenses Schedule 1 553
Operating expenses Schedule 2 4,945
Repairs and maintenance Schedule 3 577
Real estate tax 5,160
Interest expense 1,739
Corporation taxes 67
Total Cost of Operations 13,039
Loss from operations before other items and depreciation and amortization (387)
Interest income 44
Transfer fees (Note 2) 350
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,125)
Net Loss For The Year (2,118)