Apartment Report

Year Ended 2011-12-31

200 East 36 St
#4E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,185
Receivables (Note 3) 1,801
Prepaid expenses (Note 4) 276
Total Current Assets 3,262
Reserve fund (Notes 2 and 5) 3,656
Property and Improvements: (Notes 2 and 6)
Land 14,407
Building 57,626
Building improvements and equipment 13,696
Total 85,729
Less: accumulated depreciation 50,638
Net Property and Improvements 35,091
Other Assets:
Cash - security deposits 436
Unamortized mortgage finance costs (Note 2) 379
Deferred ieasing commissions (Note 2) 121
Total Other Assets 935
Total Assets 42,944
Liabilities
Current Liabilities:
Accounts payable 414
Real estate tax abatements 505
Accrued mortgage interest 154
Building improvements payable 109
Advance maintenance 46
Total Current Liabilities 1,228
Long-Term Liabilities:
Mortgage payable (Note 7) 31,561
Security deposits payable 377
Total Long-Term Liabilities 31,938
Total Liabilities 33,166
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 230
Additional paid-in capital 48,075
Accumulated deficit (38,527)
Total Stackholders' Equity 9,778
Total Liabilities and Stockholders' Equity 42,944

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,398
Commercial and professional 2,152
Operating assessment 946
Electricity charges rebilled 509
Other sharehalder fees 194
Laundry income 29
Total Revenues 13,228
Cost of Operations
Administrative expenses Schedule 1 578
Operating expenses Schedule 2 5,169
Repairs and maintenance Schedule 3 603
Real estate tax 5,394
Interest expense 1,818
Corporation taxes 70
Total Cost of Operations 13,632
Loss from operations before other items and depreciation and amortization (404)
Interest income 46
Transfer fees (Note 2) 365
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,222)
Net Loss For The Year (2,215)