Apartment Report

Year Ended 2011-12-31

200 East 36 St
#3A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,159
Receivables (Note 3) 1,762
Prepaid expenses (Note 4) 270
Total Current Assets 3,191
Reserve fund (Notes 2 and 5) 3,576
Property and Improvements: (Notes 2 and 6)
Land 14,093
Building 56,373
Building improvements and equipment 13,399
Total 83,865
Less: accumulated depreciation 49,537
Net Property and Improvements 34,329
Other Assets:
Cash - security deposits 426
Unamortized mortgage finance costs (Note 2) 370
Deferred ieasing commissions (Note 2) 118
Total Other Assets 915
Total Assets 42,010
Liabilities
Current Liabilities:
Accounts payable 405
Real estate tax abatements 494
Accrued mortgage interest 151
Building improvements payable 106
Advance maintenance 45
Total Current Liabilities 1,201
Long-Term Liabilities:
Mortgage payable (Note 7) 30,875
Security deposits payable 369
Total Long-Term Liabilities 31,244
Total Liabilities 32,445
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 225
Additional paid-in capital 47,030
Accumulated deficit (37,690)
Total Stackholders' Equity 9,566
Total Liabilities and Stockholders' Equity 42,010

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,193
Commercial and professional 2,105
Operating assessment 926
Electricity charges rebilled 498
Other sharehalder fees 190
Laundry income 28
Total Revenues 12,940
Cost of Operations
Administrative expenses Schedule 1 565
Operating expenses Schedule 2 5,057
Repairs and maintenance Schedule 3 590
Real estate tax 5,277
Interest expense 1,778
Corporation taxes 68
Total Cost of Operations 13,336
Loss from operations before other items and depreciation and amortization (395)
Interest income 45
Transfer fees (Note 2) 357
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,174)
Net Loss For The Year (2,166)