Apartment Report

Year Ended 2010-12-31

200 East 36 St
#4D
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,618
Receivables (Note 3) 2,832
Prepaid expenses (Note 4) 485
Total Current Assets 4,935
Reserve fund (Notes 2 and 5) 6,582
Property and Improvements: (Notes 2 and 6)
Land 23,050
Building 92,202
Building improvements and equipment 21,352
Total 136,604
Less: accumulated depreciation 77,586
Net Property and Improvements 59,018
Other Assets:
Cash - security deposits 777
Unamortized mortgage finance costs (Note 2) 659
Deferred ieasing commissions (Note 2) 261
Total Other Assets 1,697
Total Assets 72,233
Liabilities
Current Liabilities:
Accounts payable 619
Real estate tax abatements 806
Accrued mortgage interest 247
Building improvements payable -0-
Advance maintenance 98
Total Current Liabilities 1,770
Long-Term Liabilities:
Mortgage payable (Note 7) 50,497
Security deposits payable 777
Total Long-Term Liabilities 51,274
Total Liabilities 53,044
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 368
Additional paid-in capital 76,921
Accumulated deficit (58,100)
Total Stackholders' Equity 19,189
Total Liabilities and Stockholders' Equity 72,233

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,583
Commercial and professional 3,744
Operating assessment 1,415
Electricity charges rebilled 873
Other sharehalder fees 283
Laundry income 47
Total Revenues 20,944
Cost of Operations
Administrative expenses Schedule 1 811
Operating expenses Schedule 2 8,043
Repairs and maintenance Schedule 3 826
Real estate tax 8,305
Interest expense 2,908
Corporation taxes 107
Total Cost of Operations 21,000
Loss from operations before other items and depreciation and amortization (56)
Interest income 88
Transfer fees (Note 2) 48
Income Before Depreciation and Amortization 79
Depreciation and amortization (3,600)
Net Loss For The Year (3,521)