Apartment Report

Year Ended 2011-12-31

200 East 36 St
#5A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,210
Receivables (Note 3) 1,840
Prepaid expenses (Note 4) 282
Total Current Assets 3,333
Reserve fund (Notes 2 and 5) 3,735
Property and Improvements: (Notes 2 and 6)
Land 14,720
Building 58,879
Building improvements and equipment 13,994
Total 87,593
Less: accumulated depreciation 51,738
Net Property and Improvements 35,854
Other Assets:
Cash - security deposits 445
Unamortized mortgage finance costs (Note 2) 387
Deferred ieasing commissions (Note 2) 124
Total Other Assets 956
Total Assets 43,878
Liabilities
Current Liabilities:
Accounts payable 423
Real estate tax abatements 515
Accrued mortgage interest 158
Building improvements payable 111
Advance maintenance 47
Total Current Liabilities 1,254
Long-Term Liabilities:
Mortgage payable (Note 7) 32,247
Security deposits payable 386
Total Long-Term Liabilities 32,633
Total Liabilities 33,887
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 235
Additional paid-in capital 49,121
Accumulated deficit (39,365)
Total Stackholders' Equity 9,991
Total Liabilities and Stockholders' Equity 43,878

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,602
Commercial and professional 2,198
Operating assessment 967
Electricity charges rebilled 520
Other sharehalder fees 198
Laundry income 30
Total Revenues 13,515
Cost of Operations
Administrative expenses Schedule 1 591
Operating expenses Schedule 2 5,282
Repairs and maintenance Schedule 3 616
Real estate tax 5,512
Interest expense 1,857
Corporation taxes 71
Total Cost of Operations 13,928
Loss from operations before other items and depreciation and amortization (413)
Interest income 47
Transfer fees (Note 2) 373
Income Before Depreciation and Amortization 7
Depreciation and amortization (2,270)
Net Loss For The Year (2,263)