Apartment Report

Year Ended 2010-12-31

200 East 36 St
#4F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,011
Receivables (Note 3) 1,770
Prepaid expenses (Note 4) 303
Total Current Assets 3,084
Reserve fund (Notes 2 and 5) 4,114
Property and Improvements: (Notes 2 and 6)
Land 14,407
Building 57,626
Building improvements and equipment 13,345
Total 85,378
Less: accumulated depreciation 48,491
Net Property and Improvements 36,886
Other Assets:
Cash - security deposits 486
Unamortized mortgage finance costs (Note 2) 412
Deferred ieasing commissions (Note 2) 163
Total Other Assets 1,061
Total Assets 45,146
Liabilities
Current Liabilities:
Accounts payable 387
Real estate tax abatements 504
Accrued mortgage interest 154
Building improvements payable -0-
Advance maintenance 61
Total Current Liabilities 1,106
Long-Term Liabilities:
Mortgage payable (Note 7) 31,561
Security deposits payable 486
Total Long-Term Liabilities 32,047
Total Liabilities 33,153
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 (36,313)
Total Stackholders' Equity 11,993
Total Liabilities and Stockholders' Equity 45,146

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,114
Commercial and professional 2,340
Operating assessment 884
Electricity charges rebilled 545
Other sharehalder fees 177
Laundry income 29
Total Revenues 13,090
Cost of Operations
Administrative expenses Schedule 1 507
Operating expenses Schedule 2 5,027
Repairs and maintenance Schedule 3 516
Real estate tax 5,191
Interest expense 1,818
Corporation taxes 67
Total Cost of Operations 13,125
Loss from operations before other items and depreciation and amortization (35)
Interest income 55
Transfer fees (Note 2) 30
Income Before Depreciation and Amortization 50
Depreciation and amortization (2,250)
Net Loss For The Year (2,201)