Apartment Report

Year Ended 2010-12-31

200 East 36 St
#6D
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,689
Receivables (Note 3) 2,955
Prepaid expenses (Note 4) 506
Total Current Assets 5,150
Reserve fund (Notes 2 and 5) 6,869
Property and Improvements: (Notes 2 and 6)
Land 24,053
Building 96,211
Building improvements and equipment 22,280
Total 142,543
Less: accumulated depreciation 80,959
Net Property and Improvements 61,584
Other Assets:
Cash - security deposits 811
Unamortized mortgage finance costs (Note 2) 688
Deferred ieasing commissions (Note 2) 272
Total Other Assets 1,771
Total Assets 75,374
Liabilities
Current Liabilities:
Accounts payable 646
Real estate tax abatements 841
Accrued mortgage interest 258
Building improvements payable -0-
Advance maintenance 102
Total Current Liabilities 1,847
Long-Term Liabilities:
Mortgage payable (Note 7) 52,693
Security deposits payable 811
Total Long-Term Liabilities 53,504
Total Liabilities 55,351
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 384
Additional paid-in capital 80,265
Accumulated deficit (60,626)
Total Stackholders' Equity 20,023
Total Liabilities and Stockholders' Equity 75,374

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 15,217
Commercial and professional 3,907
Operating assessment 1,476
Electricity charges rebilled 911
Other sharehalder fees 296
Laundry income 49
Total Revenues 21,854
Cost of Operations
Administrative expenses Schedule 1 846
Operating expenses Schedule 2 8,393
Repairs and maintenance Schedule 3 861
Real estate tax 8,666
Interest expense 3,035
Corporation taxes 111
Total Cost of Operations 21,913
Loss from operations before other items and depreciation and amortization (58)
Interest income 91
Transfer fees (Note 2) 50
Income Before Depreciation and Amortization 83
Depreciation and amortization (3,757)
Net Loss For The Year (3,674)