Apartment Report

Year Ended 2011-12-31

200 East 36 St
#5C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,452
Receivables (Note 3) 2,208
Prepaid expenses (Note 4) 339
Total Current Assets 3,999
Reserve fund (Notes 2 and 5) 4,482
Property and Improvements: (Notes 2 and 6)
Land 17,664
Building 70,655
Building improvements and equipment 16,793
Total 105,111
Less: accumulated depreciation 62,086
Net Property and Improvements 43,025
Other Assets:
Cash - security deposits 534
Unamortized mortgage finance costs (Note 2) 464
Deferred ieasing commissions (Note 2) 148
Total Other Assets 1,147
Total Assets 52,653
Liabilities
Current Liabilities:
Accounts payable 508
Real estate tax abatements 619
Accrued mortgage interest 189
Building improvements payable 133
Advance maintenance 56
Total Current Liabilities 1,505
Long-Term Liabilities:
Mortgage payable (Note 7) 38,696
Security deposits payable 463
Total Long-Term Liabilities 39,159
Total Liabilities 40,664
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 282
Additional paid-in capital 58,945
Accumulated deficit (47,238)
Total Stackholders' Equity 11,989
Total Liabilities and Stockholders' Equity 52,653

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,522
Commercial and professional 2,638
Operating assessment 1,160
Electricity charges rebilled 624
Other sharehalder fees 238
Laundry income 36
Total Revenues 16,218
Cost of Operations
Administrative expenses Schedule 1 709
Operating expenses Schedule 2 6,338
Repairs and maintenance Schedule 3 739
Real estate tax 6,614
Interest expense 2,228
Corporation taxes 85
Total Cost of Operations 16,714
Loss from operations before other items and depreciation and amortization (496)
Interest income 56
Transfer fees (Note 2) 448
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,724)
Net Loss For The Year (2,715)