Apartment Report

Year Ended 2010-12-31

200 East 36 St
#5J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 827
Receivables (Note 3) 1,447
Prepaid expenses (Note 4) 248
Total Current Assets 2,521
Reserve fund (Notes 2 and 5) 3,363
Property and Improvements: (Notes 2 and 6)
Land 11,776
Building 47,103
Building improvements and equipment 10,908
Total 69,787
Less: accumulated depreciation 39,636
Net Property and Improvements 30,151
Other Assets:
Cash - security deposits 397
Unamortized mortgage finance costs (Note 2) 337
Deferred ieasing commissions (Note 2) 133
Total Other Assets 867
Total Assets 36,902
Liabilities
Current Liabilities:
Accounts payable 316
Real estate tax abatements 412
Accrued mortgage interest 126
Building improvements payable -0-
Advance maintenance 50
Total Current Liabilities 904
Long-Term Liabilities:
Mortgage payable (Note 7) 25,797
Security deposits payable 397
Total Long-Term Liabilities 26,195
Total Liabilities 27,099
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 188
Additional paid-in capital 39,296
Accumulated deficit (29,682)
Total Stackholders' Equity 9,803
Total Liabilities and Stockholders' Equity 36,902

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,450
Commercial and professional 1,913
Operating assessment 723
Electricity charges rebilled 446
Other sharehalder fees 145
Laundry income 24
Total Revenues 10,699
Cost of Operations
Administrative expenses Schedule 1 414
Operating expenses Schedule 2 4,109
Repairs and maintenance Schedule 3 422
Real estate tax 4,243
Interest expense 1,486
Corporation taxes 55
Total Cost of Operations 10,728
Loss from operations before other items and depreciation and amortization (29)
Interest income 45
Transfer fees (Note 2) 24
Income Before Depreciation and Amortization 41
Depreciation and amortization (1,839)
Net Loss For The Year (1,799)