Apartment Report

Year Ended 2010-12-31

200 East 36 St
#6E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,055
Receivables (Note 3) 1,847
Prepaid expenses (Note 4) 317
Total Current Assets 3,218
Reserve fund (Notes 2 and 5) 4,293
Property and Improvements: (Notes 2 and 6)
Land 15,033
Building 60,132
Building improvements and equipment 13,925
Total 89,090
Less: accumulated depreciation 50,600
Net Property and Improvements 38,490
Other Assets:
Cash - security deposits 507
Unamortized mortgage finance costs (Note 2) 430
Deferred ieasing commissions (Note 2) 170
Total Other Assets 1,107
Total Assets 47,108
Liabilities
Current Liabilities:
Accounts payable 404
Real estate tax abatements 525
Accrued mortgage interest 161
Building improvements payable -0-
Advance maintenance 64
Total Current Liabilities 1,154
Long-Term Liabilities:
Mortgage payable (Note 7) 32,933
Security deposits payable 507
Total Long-Term Liabilities 33,440
Total Liabilities 34,594
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 (37,891)
Total Stackholders' Equity 12,514
Total Liabilities and Stockholders' Equity 47,108

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,510
Commercial and professional 2,442
Operating assessment 923
Electricity charges rebilled 569
Other sharehalder fees 185
Laundry income 30
Total Revenues 13,659
Cost of Operations
Administrative expenses Schedule 1 529
Operating expenses Schedule 2 5,246
Repairs and maintenance Schedule 3 538
Real estate tax 5,416
Interest expense 1,897
Corporation taxes 70
Total Cost of Operations 13,695
Loss from operations before other items and depreciation and amortization (36)
Interest income 57
Transfer fees (Note 2) 31
Income Before Depreciation and Amortization 52
Depreciation and amortization (2,348)
Net Loss For The Year (2,296)