Apartment Report

Year Ended 2010-12-31

200 East 36 St
#3C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,187
Receivables (Note 3) 2,077
Prepaid expenses (Note 4) 356
Total Current Assets 3,621
Reserve fund (Notes 2 and 5) 4,830
Property and Improvements: (Notes 2 and 6)
Land 16,912
Building 67,648
Building improvements and equipment 15,666
Total 100,226
Less: accumulated depreciation 56,924
Net Property and Improvements 43,301
Other Assets:
Cash - security deposits 570
Unamortized mortgage finance costs (Note 2) 484
Deferred ieasing commissions (Note 2) 191
Total Other Assets 1,245
Total Assets 52,997
Liabilities
Current Liabilities:
Accounts payable 454
Real estate tax abatements 591
Accrued mortgage interest 181
Building improvements payable -0-
Advance maintenance 72
Total Current Liabilities 1,299
Long-Term Liabilities:
Mortgage payable (Note 7) 37,050
Security deposits payable 570
Total Long-Term Liabilities 37,620
Total Liabilities 38,918
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 270
Additional paid-in capital 56,436
Accumulated deficit (42,628)
Total Stackholders' Equity 14,079
Total Liabilities and Stockholders' Equity 52,997

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,699
Commercial and professional 2,747
Operating assessment 1,038
Electricity charges rebilled 640
Other sharehalder fees 208
Laundry income 34
Total Revenues 15,366
Cost of Operations
Administrative expenses Schedule 1 595
Operating expenses Schedule 2 5,901
Repairs and maintenance Schedule 3 606
Real estate tax 6,093
Interest expense 2,134
Corporation taxes 78
Total Cost of Operations 15,407
Loss from operations before other items and depreciation and amortization (41)
Interest income 64
Transfer fees (Note 2) 35
Income Before Depreciation and Amortization 58
Depreciation and amortization (2,642)
Net Loss For The Year (2,583)