Apartment Report

Year Ended 2011-12-31

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 927
Receivables (Note 3) 1,409
Prepaid expenses (Note 4) 216
Total Current Assets 2,553
Reserve fund (Notes 2 and 5) 2,861
Property and Improvements: (Notes 2 and 6)
Land 11,275
Building 45,099
Building improvements and equipment 10,719
Total 67,092
Less: accumulated depreciation 39,629
Net Property and Improvements 27,463
Other Assets:
Cash - security deposits 341
Unamortized mortgage finance costs (Note 2) 296
Deferred ieasing commissions (Note 2) 95
Total Other Assets 732
Total Assets 33,608
Liabilities
Current Liabilities:
Accounts payable 324
Real estate tax abatements 395
Accrued mortgage interest 121
Building improvements payable 85
Advance maintenance 36
Total Current Liabilities 961
Long-Term Liabilities:
Mortgage payable (Note 7) 24,700
Security deposits payable 295
Total Long-Term Liabilities 24,995
Total Liabilities 25,956
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 (30,152)
Total Stackholders' Equity 7,653
Total Liabilities and Stockholders' Equity 33,608

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,355
Commercial and professional 1,684
Operating assessment 740
Electricity charges rebilled 399
Other sharehalder fees 152
Laundry income 23
Total Revenues 10,352
Cost of Operations
Administrative expenses Schedule 1 452
Operating expenses Schedule 2 4,046
Repairs and maintenance Schedule 3 472
Real estate tax 4,222
Interest expense 1,422
Corporation taxes 54
Total Cost of Operations 10,668
Loss from operations before other items and depreciation and amortization (316)
Interest income 36
Transfer fees (Note 2) 286
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,739)
Net Loss For The Year (1,733)