Apartment Report

Year Ended 2010-12-31

200 East 36 St
#5D
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,653
Receivables (Note 3) 2,893
Prepaid expenses (Note 4) 496
Total Current Assets 5,042
Reserve fund (Notes 2 and 5) 6,726
Property and Improvements: (Notes 2 and 6)
Land 23,552
Building 94,206
Building improvements and equipment 21,816
Total 139,574
Less: accumulated depreciation 79,273
Net Property and Improvements 60,301
Other Assets:
Cash - security deposits 794
Unamortized mortgage finance costs (Note 2) 673
Deferred ieasing commissions (Note 2) 266
Total Other Assets 1,734
Total Assets 73,803
Liabilities
Current Liabilities:
Accounts payable 633
Real estate tax abatements 823
Accrued mortgage interest 252
Building improvements payable -0-
Advance maintenance 100
Total Current Liabilities 1,808
Long-Term Liabilities:
Mortgage payable (Note 7) 51,595
Security deposits payable 794
Total Long-Term Liabilities 52,389
Total Liabilities 54,197
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 376
Additional paid-in capital 78,593
Accumulated deficit (59,363)
Total Stackholders' Equity 19,606
Total Liabilities and Stockholders' Equity 73,803

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,900
Commercial and professional 3,825
Operating assessment 1,445
Electricity charges rebilled 892
Other sharehalder fees 290
Laundry income 48
Total Revenues 21,399
Cost of Operations
Administrative expenses Schedule 1 829
Operating expenses Schedule 2 8,218
Repairs and maintenance Schedule 3 844
Real estate tax 8,485
Interest expense 2,971
Corporation taxes 109
Total Cost of Operations 21,456
Loss from operations before other items and depreciation and amortization (57)
Interest income 89
Transfer fees (Note 2) 49
Income Before Depreciation and Amortization 81
Depreciation and amortization (3,679)
Net Loss For The Year (3,597)