Apartment Report

Year Ended 2010-12-31

200 East 36 St
#3D
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,583
Receivables (Note 3) 2,770
Prepaid expenses (Note 4) 475
Total Current Assets 4,828
Reserve fund (Notes 2 and 5) 6,439
Property and Improvements: (Notes 2 and 6)
Land 22,549
Building 90,197
Building improvements and equipment 20,888
Total 133,635
Less: accumulated depreciation 75,899
Net Property and Improvements 57,735
Other Assets:
Cash - security deposits 760
Unamortized mortgage finance costs (Note 2) 645
Deferred ieasing commissions (Note 2) 255
Total Other Assets 1,660
Total Assets 70,663
Liabilities
Current Liabilities:
Accounts payable 606
Real estate tax abatements 788
Accrued mortgage interest 242
Building improvements payable -0-
Advance maintenance 96
Total Current Liabilities 1,731
Long-Term Liabilities:
Mortgage payable (Note 7) 49,399
Security deposits payable 760
Total Long-Term Liabilities 50,160
Total Liabilities 51,891
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 360
Additional paid-in capital 75,249
Accumulated deficit (56,837)
Total Stackholders' Equity 18,771
Total Liabilities and Stockholders' Equity 70,663

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,266
Commercial and professional 3,662
Operating assessment 1,384
Electricity charges rebilled 854
Other sharehalder fees 277
Laundry income 46
Total Revenues 20,488
Cost of Operations
Administrative expenses Schedule 1 793
Operating expenses Schedule 2 7,868
Repairs and maintenance Schedule 3 808
Real estate tax 8,124
Interest expense 2,845
Corporation taxes 104
Total Cost of Operations 20,543
Loss from operations before other items and depreciation and amortization (55)
Interest income 86
Transfer fees (Note 2) 47
Income Before Depreciation and Amortization 78
Depreciation and amortization (3,522)
Net Loss For The Year (3,444)