Apartment Report

Year Ended 2010-12-31

200 East 36 St
#5H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,240
Receivables (Note 3) 2,170
Prepaid expenses (Note 4) 372
Total Current Assets 3,782
Reserve fund (Notes 2 and 5) 5,044
Property and Improvements: (Notes 2 and 6)
Land 17,664
Building 70,655
Building improvements and equipment 16,362
Total 104,680
Less: accumulated depreciation 59,454
Net Property and Improvements 45,226
Other Assets:
Cash - security deposits 596
Unamortized mortgage finance costs (Note 2) 505
Deferred ieasing commissions (Note 2) 200
Total Other Assets 1,301
Total Assets 55,352
Liabilities
Current Liabilities:
Accounts payable 475
Real estate tax abatements 617
Accrued mortgage interest 189
Building improvements payable -0-
Advance maintenance 75
Total Current Liabilities 1,356
Long-Term Liabilities:
Mortgage payable (Note 7) 38,696
Security deposits payable 596
Total Long-Term Liabilities 39,292
Total Liabilities 40,648
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 (44,522)
Total Stackholders' Equity 14,704
Total Liabilities and Stockholders' Equity 55,352

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,175
Commercial and professional 2,869
Operating assessment 1,084
Electricity charges rebilled 669
Other sharehalder fees 217
Laundry income 36
Total Revenues 16,049
Cost of Operations
Administrative expenses Schedule 1 621
Operating expenses Schedule 2 6,164
Repairs and maintenance Schedule 3 633
Real estate tax 6,364
Interest expense 2,228
Corporation taxes 82
Total Cost of Operations 16,092
Loss from operations before other items and depreciation and amortization (43)
Interest income 67
Transfer fees (Note 2) 37
Income Before Depreciation and Amortization 61
Depreciation and amortization (2,759)
Net Loss For The Year (2,698)