Apartment Report

Year Ended 2011-12-31

200 East 36 St
#2J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 907
Receivables (Note 3) 1,378
Prepaid expenses (Note 4) 211
Total Current Assets 2,496
Reserve fund (Notes 2 and 5) 2,797
Property and Improvements: (Notes 2 and 6)
Land 11,024
Building 44,097
Building improvements and equipment 10,481
Total 65,601
Less: accumulated depreciation 38,749
Net Property and Improvements 26,853
Other Assets:
Cash - security deposits 333
Unamortized mortgage finance costs (Note 2) 290
Deferred ieasing commissions (Note 2) 93
Total Other Assets 716
Total Assets 32,862
Liabilities
Current Liabilities:
Accounts payable 317
Real estate tax abatements 386
Accrued mortgage interest 118
Building improvements payable 83
Advance maintenance 35
Total Current Liabilities 939
Long-Term Liabilities:
Mortgage payable (Note 7) 24,151
Security deposits payable 289
Total Long-Term Liabilities 24,440
Total Liabilities 25,379
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 176
Additional paid-in capital 36,788
Accumulated deficit (29,482)
Total Stackholders' Equity 7,482
Total Liabilities and Stockholders' Equity 32,862

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,191
Commercial and professional 1,647
Operating assessment 724
Electricity charges rebilled 390
Other sharehalder fees 148
Laundry income 22
Total Revenues 10,122
Cost of Operations
Administrative expenses Schedule 1 442
Operating expenses Schedule 2 3,956
Repairs and maintenance Schedule 3 461
Real estate tax 4,128
Interest expense 1,391
Corporation taxes 53
Total Cost of Operations 10,431
Loss from operations before other items and depreciation and amortization (309)
Interest income 35
Transfer fees (Note 2) 280
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,700)
Net Loss For The Year (1,695)