Apartment Report

Year Ended 2010-12-31

200 East 36 St
#5G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,447
Receivables (Note 3) 2,531
Prepaid expenses (Note 4) 434
Total Current Assets 4,412
Reserve fund (Notes 2 and 5) 5,885
Property and Improvements: (Notes 2 and 6)
Land 20,608
Building 82,430
Building improvements and equipment 19,089
Total 122,127
Less: accumulated depreciation 69,363
Net Property and Improvements 52,764
Other Assets:
Cash - security deposits 695
Unamortized mortgage finance costs (Note 2) 589
Deferred ieasing commissions (Note 2) 233
Total Other Assets 1,517
Total Assets 64,578
Liabilities
Current Liabilities:
Accounts payable 554
Real estate tax abatements 720
Accrued mortgage interest 221
Building improvements payable -0-
Advance maintenance 87
Total Current Liabilities 1,582
Long-Term Liabilities:
Mortgage payable (Note 7) 45,146
Security deposits payable 695
Total Long-Term Liabilities 45,840
Total Liabilities 47,423
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 329
Additional paid-in capital 68,769
Accumulated deficit (51,943)
Total Stackholders' Equity 17,155
Total Liabilities and Stockholders' Equity 64,578

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,037
Commercial and professional 3,347
Operating assessment 1,265
Electricity charges rebilled 780
Other sharehalder fees 253
Laundry income 42
Total Revenues 18,724
Cost of Operations
Administrative expenses Schedule 1 725
Operating expenses Schedule 2 7,191
Repairs and maintenance Schedule 3 738
Real estate tax 7,425
Interest expense 2,600
Corporation taxes 95
Total Cost of Operations 18,774
Loss from operations before other items and depreciation and amortization (50)
Interest income 78
Transfer fees (Note 2) 43
Income Before Depreciation and Amortization 71
Depreciation and amortization (3,219)
Net Loss For The Year (3,148)