Apartment Report

Year Ended 2011-12-31

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 968
Receivables (Note 3) 1,472
Prepaid expenses (Note 4) 226
Total Current Assets 2,666
Reserve fund (Notes 2 and 5) 2,988
Property and Improvements: (Notes 2 and 6)
Land 11,776
Building 47,103
Building improvements and equipment 11,195
Total 70,074
Less: accumulated depreciation 41,391
Net Property and Improvements 28,683
Other Assets:
Cash - security deposits 356
Unamortized mortgage finance costs (Note 2) 309
Deferred ieasing commissions (Note 2) 99
Total Other Assets 764
Total Assets 35,102
Liabilities
Current Liabilities:
Accounts payable 339
Real estate tax abatements 412
Accrued mortgage interest 126
Building improvements payable 89
Advance maintenance 37
Total Current Liabilities 1,003
Long-Term Liabilities:
Mortgage payable (Note 7) 25,797
Security deposits payable 309
Total Long-Term Liabilities 26,106
Total Liabilities 27,109
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 (31,492)
Total Stackholders' Equity 7,993
Total Liabilities and Stockholders' Equity 35,102

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,682
Commercial and professional 1,759
Operating assessment 773
Electricity charges rebilled 416
Other sharehalder fees 158
Laundry income 24
Total Revenues 10,812
Cost of Operations
Administrative expenses Schedule 1 472
Operating expenses Schedule 2 4,225
Repairs and maintenance Schedule 3 493
Real estate tax 4,409
Interest expense 1,486
Corporation taxes 57
Total Cost of Operations 11,143
Loss from operations before other items and depreciation and amortization (330)
Interest income 38
Transfer fees (Note 2) 299
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,816)
Net Loss For The Year (1,810)