Apartment Report

Year Ended 2011-12-31

200 East 36 St
#4B
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,658
Receivables (Note 3) 2,521
Prepaid expenses (Note 4) 387
Total Current Assets 4,566
Reserve fund (Notes 2 and 5) 5,118
Property and Improvements: (Notes 2 and 6)
Land 20,169
Building 80,677
Building improvements and equipment 19,175
Total 120,021
Less: accumulated depreciation 70,893
Net Property and Improvements 49,128
Other Assets:
Cash - security deposits 610
Unamortized mortgage finance costs (Note 2) 530
Deferred ieasing commissions (Note 2) 169
Total Other Assets 1,309
Total Assets 60,122
Liabilities
Current Liabilities:
Accounts payable 580
Real estate tax abatements 706
Accrued mortgage interest 216
Building improvements payable 152
Advance maintenance 64
Total Current Liabilities 1,719
Long-Term Liabilities:
Mortgage payable (Note 7) 44,185
Security deposits payable 528
Total Long-Term Liabilities 44,714
Total Liabilities 46,432
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 322
Additional paid-in capital 67,306
Accumulated deficit (53,938)
Total Stackholders' Equity 13,690
Total Liabilities and Stockholders' Equity 60,122

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,157
Commercial and professional 3,012
Operating assessment 1,325
Electricity charges rebilled 713
Other sharehalder fees 271
Laundry income 41
Total Revenues 18,519
Cost of Operations
Administrative expenses Schedule 1 809
Operating expenses Schedule 2 7,237
Repairs and maintenance Schedule 3 844
Real estate tax 7,552
Interest expense 2,545
Corporation taxes 97
Total Cost of Operations 19,085
Loss from operations before other items and depreciation and amortization (566)
Interest income 64
Transfer fees (Note 2) 512
Income Before Depreciation and Amortization 10
Depreciation and amortization (3,111)
Net Loss For The Year (3,100)