Apartment Report

Year Ended 2010-12-31

200 East 36 St
#3H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,385
Receivables (Note 3) 2,424
Prepaid expenses (Note 4) 415
Total Current Assets 4,224
Reserve fund (Notes 2 and 5) 5,634
Property and Improvements: (Notes 2 and 6)
Land 19,731
Building 78,923
Building improvements and equipment 18,277
Total 116,930
Less: accumulated depreciation 66,412
Net Property and Improvements 50,518
Other Assets:
Cash - security deposits 665
Unamortized mortgage finance costs (Note 2) 564
Deferred ieasing commissions (Note 2) 223
Total Other Assets 1,453
Total Assets 61,830
Liabilities
Current Liabilities:
Accounts payable 530
Real estate tax abatements 690
Accrued mortgage interest 211
Building improvements payable -0-
Advance maintenance 84
Total Current Liabilities 1,515
Long-Term Liabilities:
Mortgage payable (Note 7) 43,224
Security deposits payable 665
Total Long-Term Liabilities 43,890
Total Liabilities 45,405
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 (49,732)
Total Stackholders' Equity 16,425
Total Liabilities and Stockholders' Equity 61,830

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,482
Commercial and professional 3,205
Operating assessment 1,211
Electricity charges rebilled 747
Other sharehalder fees 243
Laundry income 40
Total Revenues 17,927
Cost of Operations
Administrative expenses Schedule 1 694
Operating expenses Schedule 2 6,885
Repairs and maintenance Schedule 3 707
Real estate tax 7,109
Interest expense 2,489
Corporation taxes 91
Total Cost of Operations 17,975
Loss from operations before other items and depreciation and amortization (48)
Interest income 75
Transfer fees (Note 2) 41
Income Before Depreciation and Amortization 68
Depreciation and amortization (3,082)
Net Loss For The Year (3,014)