Apartment Report

Year Ended 2011-12-31

200 East 36 St
#6A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,236
Receivables (Note 3) 1,879
Prepaid expenses (Note 4) 288
Total Current Assets 3,404
Reserve fund (Notes 2 and 5) 3,815
Property and Improvements: (Notes 2 and 6)
Land 15,033
Building 60,132
Building improvements and equipment 14,292
Total 89,456
Less: accumulated depreciation 52,839
Net Property and Improvements 36,617
Other Assets:
Cash - security deposits 455
Unamortized mortgage finance costs (Note 2) 395
Deferred ieasing commissions (Note 2) 126
Total Other Assets 976
Total Assets 44,811
Liabilities
Current Liabilities:
Accounts payable 433
Real estate tax abatements 526
Accrued mortgage interest 161
Building improvements payable 113
Advance maintenance 48
Total Current Liabilities 1,281
Long-Term Liabilities:
Mortgage payable (Note 7) 32,933
Security deposits payable 394
Total Long-Term Liabilities 33,327
Total Liabilities 34,608
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 240
Additional paid-in capital 50,166
Accumulated deficit (40,202)
Total Stackholders' Equity 10,203
Total Liabilities and Stockholders' Equity 44,811

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,806
Commercial and professional 2,245
Operating assessment 987
Electricity charges rebilled 531
Other sharehalder fees 202
Laundry income 30
Total Revenues 13,803
Cost of Operations
Administrative expenses Schedule 1 603
Operating expenses Schedule 2 5,394
Repairs and maintenance Schedule 3 629
Real estate tax 5,629
Interest expense 1,897
Corporation taxes 73
Total Cost of Operations 14,225
Loss from operations before other items and depreciation and amortization (422)
Interest income 48
Transfer fees (Note 2) 381
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,319)
Net Loss For The Year (2,311)