Apartment Report

Year Ended 2010-12-31

200 East 36 St
#3J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 791
Receivables (Note 3) 1,385
Prepaid expenses (Note 4) 237
Total Current Assets 2,414
Reserve fund (Notes 2 and 5) 3,220
Property and Improvements: (Notes 2 and 6)
Land 11,275
Building 45,099
Building improvements and equipment 10,444
Total 66,817
Less: accumulated depreciation 37,950
Net Property and Improvements 28,868
Other Assets:
Cash - security deposits 380
Unamortized mortgage finance costs (Note 2) 322
Deferred ieasing commissions (Note 2) 128
Total Other Assets 830
Total Assets 35,331
Liabilities
Current Liabilities:
Accounts payable 303
Real estate tax abatements 394
Accrued mortgage interest 121
Building improvements payable -0-
Advance maintenance 48
Total Current Liabilities 866
Long-Term Liabilities:
Mortgage payable (Note 7) 24,700
Security deposits payable 380
Total Long-Term Liabilities 25,080
Total Liabilities 25,946
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 180
Additional paid-in capital 37,624
Accumulated deficit (28,419)
Total Stackholders' Equity 9,386
Total Liabilities and Stockholders' Equity 35,331

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,133
Commercial and professional 1,831
Operating assessment 692
Electricity charges rebilled 427
Other sharehalder fees 139
Laundry income 23
Total Revenues 10,244
Cost of Operations
Administrative expenses Schedule 1 397
Operating expenses Schedule 2 3,934
Repairs and maintenance Schedule 3 404
Real estate tax 4,062
Interest expense 1,422
Corporation taxes 52
Total Cost of Operations 10,272
Loss from operations before other items and depreciation and amortization (27)
Interest income 43
Transfer fees (Note 2) 23
Income Before Depreciation and Amortization 39
Depreciation and amortization (1,761)
Net Loss For The Year (1,722)