Apartment Report

Year Ended 2010-12-31

200 East 36 St
#2H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,161
Receivables (Note 3) 2,031
Prepaid expenses (Note 4) 348
Total Current Assets 3,540
Reserve fund (Notes 2 and 5) 4,722
Property and Improvements: (Notes 2 and 6)
Land 16,536
Building 66,145
Building improvements and equipment 15,318
Total 97,999
Less: accumulated depreciation 55,659
Net Property and Improvements 42,339
Other Assets:
Cash - security deposits 558
Unamortized mortgage finance costs (Note 2) 473
Deferred ieasing commissions (Note 2) 187
Total Other Assets 1,218
Total Assets 51,819
Liabilities
Current Liabilities:
Accounts payable 444
Real estate tax abatements 578
Accrued mortgage interest 177
Building improvements payable -0-
Advance maintenance 70
Total Current Liabilities 1,270
Long-Term Liabilities:
Mortgage payable (Note 7) 36,226
Security deposits payable 558
Total Long-Term Liabilities 36,784
Total Liabilities 38,054
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 264
Additional paid-in capital 55,182
Accumulated deficit (41,681)
Total Stackholders' Equity 13,766
Total Liabilities and Stockholders' Equity 51,819

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,461
Commercial and professional 2,686
Operating assessment 1,015
Electricity charges rebilled 626
Other sharehalder fees 203
Laundry income 33
Total Revenues 15,025
Cost of Operations
Administrative expenses Schedule 1 582
Operating expenses Schedule 2 5,770
Repairs and maintenance Schedule 3 592
Real estate tax 5,958
Interest expense 2,086
Corporation taxes 77
Total Cost of Operations 15,065
Loss from operations before other items and depreciation and amortization (40)
Interest income 63
Transfer fees (Note 2) 34
Income Before Depreciation and Amortization 57
Depreciation and amortization (2,583)
Net Loss For The Year (2,526)