Apartment Report

Year Ended 2010-12-31

200 East 36 St
#4C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,214
Receivables (Note 3) 2,124
Prepaid expenses (Note 4) 364
Total Current Assets 3,701
Reserve fund (Notes 2 and 5) 4,937
Property and Improvements: (Notes 2 and 6)
Land 17,288
Building 69,151
Building improvements and equipment 16,014
Total 102,453
Less: accumulated depreciation 58,189
Net Property and Improvements 44,264
Other Assets:
Cash - security deposits 583
Unamortized mortgage finance costs (Note 2) 494
Deferred ieasing commissions (Note 2) 196
Total Other Assets 1,273
Total Assets 54,175
Liabilities
Current Liabilities:
Accounts payable 465
Real estate tax abatements 604
Accrued mortgage interest 185
Building improvements payable -0-
Advance maintenance 73
Total Current Liabilities 1,327
Long-Term Liabilities:
Mortgage payable (Note 7) 37,873
Security deposits payable 583
Total Long-Term Liabilities 38,456
Total Liabilities 39,783
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 276
Additional paid-in capital 57,691
Accumulated deficit (43,575)
Total Stackholders' Equity 14,391
Total Liabilities and Stockholders' Equity 54,175

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,937
Commercial and professional 2,808
Operating assessment 1,061
Electricity charges rebilled 655
Other sharehalder fees 213
Laundry income 35
Total Revenues 15,708
Cost of Operations
Administrative expenses Schedule 1 608
Operating expenses Schedule 2 6,032
Repairs and maintenance Schedule 3 619
Real estate tax 6,229
Interest expense 2,181
Corporation taxes 80
Total Cost of Operations 15,750
Loss from operations before other items and depreciation and amortization (42)
Interest income 66
Transfer fees (Note 2) 36
Income Before Depreciation and Amortization 60
Depreciation and amortization (2,700)
Net Loss For The Year (2,641)