Apartment Report

Year Ended 2010-12-31

200 East 36 St
#4G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,416
Receivables (Note 3) 2,478
Prepaid expenses (Note 4) 425
Total Current Assets 4,318
Reserve fund (Notes 2 and 5) 5,760
Property and Improvements: (Notes 2 and 6)
Land 20,169
Building 80,677
Building improvements and equipment 18,683
Total 119,529
Less: accumulated depreciation 67,888
Net Property and Improvements 51,641
Other Assets:
Cash - security deposits 680
Unamortized mortgage finance costs (Note 2) 577
Deferred ieasing commissions (Note 2) 228
Total Other Assets 1,485
Total Assets 63,204
Liabilities
Current Liabilities:
Accounts payable 542
Real estate tax abatements 705
Accrued mortgage interest 216
Building improvements payable -0-
Advance maintenance 86
Total Current Liabilities 1,549
Long-Term Liabilities:
Mortgage payable (Note 7) 44,185
Security deposits payable 680
Total Long-Term Liabilities 44,865
Total Liabilities 46,414
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 (50,838)
Total Stackholders' Equity 16,790
Total Liabilities and Stockholders' Equity 63,204

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,760
Commercial and professional 3,276
Operating assessment 1,238
Electricity charges rebilled 764
Other sharehalder fees 248
Laundry income 41
Total Revenues 18,326
Cost of Operations
Administrative expenses Schedule 1 710
Operating expenses Schedule 2 7,038
Repairs and maintenance Schedule 3 722
Real estate tax 7,267
Interest expense 2,545
Corporation taxes 93
Total Cost of Operations 18,375
Loss from operations before other items and depreciation and amortization (49)
Interest income 77
Transfer fees (Note 2) 42
Income Before Depreciation and Amortization 70
Depreciation and amortization (3,150)
Net Loss For The Year (3,081)