Apartment Report

Year Ended 2011-12-31

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 948
Receivables (Note 3) 1,441
Prepaid expenses (Note 4) 221
Total Current Assets 2,609
Reserve fund (Notes 2 and 5) 2,925
Property and Improvements: (Notes 2 and 6)
Land 11,525
Building 46,101
Building improvements and equipment 10,957
Total 68,583
Less: accumulated depreciation 40,510
Net Property and Improvements 28,073
Other Assets:
Cash - security deposits 349
Unamortized mortgage finance costs (Note 2) 303
Deferred ieasing commissions (Note 2) 97
Total Other Assets 748
Total Assets 34,355
Liabilities
Current Liabilities:
Accounts payable 332
Real estate tax abatements 404
Accrued mortgage interest 123
Building improvements payable 87
Advance maintenance 36
Total Current Liabilities 982
Long-Term Liabilities:
Mortgage payable (Note 7) 25,249
Security deposits payable 302
Total Long-Term Liabilities 25,551
Total Liabilities 26,533
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 (30,822)
Total Stackholders' Equity 7,823
Total Liabilities and Stockholders' Equity 34,355

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,518
Commercial and professional 1,721
Operating assessment 757
Electricity charges rebilled 407
Other sharehalder fees 155
Laundry income 23
Total Revenues 10,582
Cost of Operations
Administrative expenses Schedule 1 462
Operating expenses Schedule 2 4,136
Repairs and maintenance Schedule 3 482
Real estate tax 4,316
Interest expense 1,454
Corporation taxes 56
Total Cost of Operations 10,905
Loss from operations before other items and depreciation and amortization (323)
Interest income 37
Transfer fees (Note 2) 292
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,778)
Net Loss For The Year (1,772)