Apartment Report

Year Ended 2011-12-31

200 East 36 St
#4H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,422
Receivables (Note 3) 2,161
Prepaid expenses (Note 4) 331
Total Current Assets 3,914
Reserve fund (Notes 2 and 5) 4,387
Property and Improvements: (Notes 2 and 6)
Land 17,288
Building 69,151
Building improvements and equipment 16,436
Total 102,875
Less: accumulated depreciation 60,765
Net Property and Improvements 42,110
Other Assets:
Cash - security deposits 523
Unamortized mortgage finance costs (Note 2) 454
Deferred ieasing commissions (Note 2) 145
Total Other Assets 1,122
Total Assets 51,533
Liabilities
Current Liabilities:
Accounts payable 497
Real estate tax abatements 605
Accrued mortgage interest 185
Building improvements payable 130
Advance maintenance 55
Total Current Liabilities 1,473
Long-Term Liabilities:
Mortgage payable (Note 7) 37,873
Security deposits payable 453
Total Long-Term Liabilities 38,326
Total Liabilities 39,799
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 (46,233)
Total Stackholders' Equity 11,734
Total Liabilities and Stockholders' Equity 51,533

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,277
Commercial and professional 2,582
Operating assessment 1,135
Electricity charges rebilled 611
Other sharehalder fees 233
Laundry income 35
Total Revenues 15,873
Cost of Operations
Administrative expenses Schedule 1 694
Operating expenses Schedule 2 6,203
Repairs and maintenance Schedule 3 724
Real estate tax 6,473
Interest expense 2,181
Corporation taxes 84
Total Cost of Operations 16,358
Loss from operations before other items and depreciation and amortization (485)
Interest income 55
Transfer fees (Note 2) 439
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,666)
Net Loss For The Year (2,658)