Apartment Report

Year Ended 2010-12-31

200 East 36 St
#3F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 989
Receivables (Note 3) 1,731
Prepaid expenses (Note 4) 297
Total Current Assets 3,017
Reserve fund (Notes 2 and 5) 4,025
Property and Improvements: (Notes 2 and 6)
Land 14,093
Building 56,373
Building improvements and equipment 13,055
Total 83,522
Less: accumulated depreciation 47,437
Net Property and Improvements 36,085
Other Assets:
Cash - security deposits 475
Unamortized mortgage finance costs (Note 2) 403
Deferred ieasing commissions (Note 2) 159
Total Other Assets 1,038
Total Assets 44,164
Liabilities
Current Liabilities:
Accounts payable 379
Real estate tax abatements 493
Accrued mortgage interest 151
Building improvements payable -0-
Advance maintenance 60
Total Current Liabilities 1,082
Long-Term Liabilities:
Mortgage payable (Note 7) 30,875
Security deposits payable 475
Total Long-Term Liabilities 31,350
Total Liabilities 32,432
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 (35,523)
Total Stackholders' Equity 11,732
Total Liabilities and Stockholders' Equity 44,164

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,916
Commercial and professional 2,289
Operating assessment 865
Electricity charges rebilled 534
Other sharehalder fees 173
Laundry income 28
Total Revenues 12,805
Cost of Operations
Administrative expenses Schedule 1 496
Operating expenses Schedule 2 4,918
Repairs and maintenance Schedule 3 505
Real estate tax 5,078
Interest expense 1,778
Corporation taxes 65
Total Cost of Operations 12,839
Loss from operations before other items and depreciation and amortization (34)
Interest income 54
Transfer fees (Note 2) 29
Income Before Depreciation and Amortization 49
Depreciation and amortization (2,201)
Net Loss For The Year (2,153)