Apartment Report

Year Ended 2010-12-31

200 East 36 St
#6H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,266
Receivables (Note 3) 2,216
Prepaid expenses (Note 4) 380
Total Current Assets 3,862
Reserve fund (Notes 2 and 5) 5,152
Property and Improvements: (Notes 2 and 6)
Land 18,039
Building 72,158
Building improvements and equipment 16,710
Total 106,908
Less: accumulated depreciation 60,719
Net Property and Improvements 46,188
Other Assets:
Cash - security deposits 608
Unamortized mortgage finance costs (Note 2) 516
Deferred ieasing commissions (Note 2) 204
Total Other Assets 1,328
Total Assets 56,530
Liabilities
Current Liabilities:
Accounts payable 485
Real estate tax abatements 631
Accrued mortgage interest 193
Building improvements payable -0-
Advance maintenance 77
Total Current Liabilities 1,385
Long-Term Liabilities:
Mortgage payable (Note 7) 39,520
Security deposits payable 608
Total Long-Term Liabilities 40,128
Total Liabilities 41,513
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 288
Additional paid-in capital 60,199
Accumulated deficit (45,470)
Total Stackholders' Equity 15,017
Total Liabilities and Stockholders' Equity 56,530

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,412
Commercial and professional 2,930
Operating assessment 1,107
Electricity charges rebilled 683
Other sharehalder fees 222
Laundry income 36
Total Revenues 16,391
Cost of Operations
Administrative expenses Schedule 1 635
Operating expenses Schedule 2 6,295
Repairs and maintenance Schedule 3 646
Real estate tax 6,500
Interest expense 2,276
Corporation taxes 84
Total Cost of Operations 16,434
Loss from operations before other items and depreciation and amortization (44)
Interest income 69
Transfer fees (Note 2) 37
Income Before Depreciation and Amortization 62
Depreciation and amortization (2,818)
Net Loss For The Year (2,756)