Apartment Report

Year Ended 2010-12-31

200 East 36 St
#5F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,033
Receivables (Note 3) 1,808
Prepaid expenses (Note 4) 310
Total Current Assets 3,151
Reserve fund (Notes 2 and 5) 4,203
Property and Improvements: (Notes 2 and 6)
Land 14,720
Building 58,879
Building improvements and equipment 13,635
Total 87,234
Less: accumulated depreciation 49,545
Net Property and Improvements 37,688
Other Assets:
Cash - security deposits 496
Unamortized mortgage finance costs (Note 2) 421
Deferred ieasing commissions (Note 2) 167
Total Other Assets 1,084
Total Assets 46,127
Liabilities
Current Liabilities:
Accounts payable 396
Real estate tax abatements 515
Accrued mortgage interest 158
Building improvements payable -0-
Advance maintenance 62
Total Current Liabilities 1,130
Long-Term Liabilities:
Mortgage payable (Note 7) 32,247
Security deposits payable 496
Total Long-Term Liabilities 32,743
Total Liabilities 33,873
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 (37,102)
Total Stackholders' Equity 12,254
Total Liabilities and Stockholders' Equity 46,127

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,312
Commercial and professional 2,391
Operating assessment 903
Electricity charges rebilled 557
Other sharehalder fees 181
Laundry income 30
Total Revenues 13,374
Cost of Operations
Administrative expenses Schedule 1 518
Operating expenses Schedule 2 5,136
Repairs and maintenance Schedule 3 527
Real estate tax 5,303
Interest expense 1,857
Corporation taxes 68
Total Cost of Operations 13,410
Loss from operations before other items and depreciation and amortization (36)
Interest income 56
Transfer fees (Note 2) 31
Income Before Depreciation and Amortization 51
Depreciation and amortization (2,299)
Net Loss For The Year (2,248)