Apartment Report

Year Ended 2010-12-31

200 East 36 St
#2G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,354
Receivables (Note 3) 2,370
Prepaid expenses (Note 4) 406
Total Current Assets 4,130
Reserve fund (Notes 2 and 5) 5,509
Property and Improvements: (Notes 2 and 6)
Land 19,292
Building 77,169
Building improvements and equipment 17,871
Total 114,332
Less: accumulated depreciation 64,936
Net Property and Improvements 49,396
Other Assets:
Cash - security deposits 651
Unamortized mortgage finance costs (Note 2) 552
Deferred ieasing commissions (Note 2) 218
Total Other Assets 1,420
Total Assets 60,456
Liabilities
Current Liabilities:
Accounts payable 518
Real estate tax abatements 674
Accrued mortgage interest 207
Building improvements payable -0-
Advance maintenance 82
Total Current Liabilities 1,481
Long-Term Liabilities:
Mortgage payable (Note 7) 42,264
Security deposits payable 651
Total Long-Term Liabilities 42,914
Total Liabilities 44,396
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 (48,627)
Total Stackholders' Equity 16,060
Total Liabilities and Stockholders' Equity 60,456

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,205
Commercial and professional 3,133
Operating assessment 1,184
Electricity charges rebilled 730
Other sharehalder fees 237
Laundry income 39
Total Revenues 17,529
Cost of Operations
Administrative expenses Schedule 1 679
Operating expenses Schedule 2 6,732
Repairs and maintenance Schedule 3 691
Real estate tax 6,951
Interest expense 2,434
Corporation taxes 89
Total Cost of Operations 17,576
Loss from operations before other items and depreciation and amortization (47)
Interest income 73
Transfer fees (Note 2) 40
Income Before Depreciation and Amortization 66
Depreciation and amortization (3,013)
Net Loss For The Year (2,947)