Apartment Report

Year Ended 2011-12-31

200 East 36 St
#3G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,622
Receivables (Note 3) 2,466
Prepaid expenses (Note 4) 378
Total Current Assets 4,467
Reserve fund (Notes 2 and 5) 5,007
Property and Improvements: (Notes 2 and 6)
Land 19,731
Building 78,923
Building improvements and equipment 18,758
Total 117,411
Less: accumulated depreciation 69,351
Net Property and Improvements 48,060
Other Assets:
Cash - security deposits 597
Unamortized mortgage finance costs (Note 2) 518
Deferred ieasing commissions (Note 2) 166
Total Other Assets 1,281
Total Assets 58,815
Liabilities
Current Liabilities:
Accounts payable 568
Real estate tax abatements 691
Accrued mortgage interest 211
Building improvements payable 149
Advance maintenance 62
Total Current Liabilities 1,681
Long-Term Liabilities:
Mortgage payable (Note 7) 43,224
Security deposits payable 517
Total Long-Term Liabilities 43,741
Total Liabilities 45,423
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 315
Additional paid-in capital 65,843
Accumulated deficit (52,766)
Total Stackholders' Equity 13,392
Total Liabilities and Stockholders' Equity 58,815

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,871
Commercial and professional 2,947
Operating assessment 1,296
Electricity charges rebilled 698
Other sharehalder fees 265
Laundry income 40
Total Revenues 18,116
Cost of Operations
Administrative expenses Schedule 1 792
Operating expenses Schedule 2 7,080
Repairs and maintenance Schedule 3 826
Real estate tax 7,388
Interest expense 2,489
Corporation taxes 95
Total Cost of Operations 18,670
Loss from operations before other items and depreciation and amortization (554)
Interest income 63
Transfer fees (Note 2) 500
Income Before Depreciation and Amortization 10
Depreciation and amortization (3,043)
Net Loss For The Year (3,033)