Apartment Report

Year Ended 2010-12-31

200 East 36 St
#4J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 809
Receivables (Note 3) 1,416
Prepaid expenses (Note 4) 243
Total Current Assets 2,467
Reserve fund (Notes 2 and 5) 3,291
Property and Improvements: (Notes 2 and 6)
Land 11,525
Building 46,101
Building improvements and equipment 10,676
Total 68,302
Less: accumulated depreciation 38,793
Net Property and Improvements 29,509
Other Assets:
Cash - security deposits 389
Unamortized mortgage finance costs (Note 2) 330
Deferred ieasing commissions (Note 2) 130
Total Other Assets 849
Total Assets 36,116
Liabilities
Current Liabilities:
Accounts payable 310
Real estate tax abatements 403
Accrued mortgage interest 123
Building improvements payable -0-
Advance maintenance 49
Total Current Liabilities 885
Long-Term Liabilities:
Mortgage payable (Note 7) 25,249
Security deposits payable 389
Total Long-Term Liabilities 25,637
Total Liabilities 26,522
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 184
Additional paid-in capital 38,460
Accumulated deficit (29,050)
Total Stackholders' Equity 9,594
Total Liabilities and Stockholders' Equity 36,116

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,291
Commercial and professional 1,872
Operating assessment 707
Electricity charges rebilled 436
Other sharehalder fees 142
Laundry income 23
Total Revenues 10,472
Cost of Operations
Administrative expenses Schedule 1 405
Operating expenses Schedule 2 4,022
Repairs and maintenance Schedule 3 413
Real estate tax 4,152
Interest expense 1,454
Corporation taxes 53
Total Cost of Operations 10,500
Loss from operations before other items and depreciation and amortization (28)
Interest income 44
Transfer fees (Note 2) 24
Income Before Depreciation and Amortization 40
Depreciation and amortization (1,800)
Net Loss For The Year (1,760)