Apartment Report

Year Ended 2011-12-31

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 1,483
Receivables (Note 3) 2,255
Prepaid expenses (Note 4) 346
Total Current Assets 4,084
Reserve fund (Notes 2 and 5) 4,578
Property and Improvements: (Notes 2 and 6)
Land 18,039
Building 72,158
Building improvements and equipment 17,150
Total 107,348
Less: accumulated depreciation 63,407
Net Property and Improvements 43,941
Other Assets:
Cash - security deposits 546
Unamortized mortgage finance costs (Note 2) 474
Deferred ieasing commissions (Note 2) 151
Total Other Assets 1,171
Total Assets 53,773
Liabilities
Current Liabilities:
Accounts payable 519
Real estate tax abatements 632
Accrued mortgage interest 193
Building improvements payable 136
Advance maintenance 57
Total Current Liabilities 1,537
Long-Term Liabilities:
Mortgage payable (Note 7) 39,520
Security deposits payable 473
Total Long-Term Liabilities 39,992
Total Liabilities 41,529
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 (48,243)
Total Stackholders' Equity 12,244
Total Liabilities and Stockholders' Equity 53,773

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,767
Commercial and professional 2,694
Operating assessment 1,185
Electricity charges rebilled 638
Other sharehalder fees 243
Laundry income 36
Total Revenues 16,563
Cost of Operations
Administrative expenses Schedule 1 724
Operating expenses Schedule 2 6,473
Repairs and maintenance Schedule 3 755
Real estate tax 6,755
Interest expense 2,276
Corporation taxes 87
Total Cost of Operations 17,069
Loss from operations before other items and depreciation and amortization (506)
Interest income 58
Transfer fees (Note 2) 458
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,782)
Net Loss For The Year (2,773)