Apartment Report

Year Ended 2010-12-31

200 East 36 St
#6J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 844
Receivables (Note 3) 1,477
Prepaid expenses (Note 4) 253
Total Current Assets 2,575
Reserve fund (Notes 2 and 5) 3,434
Property and Improvements: (Notes 2 and 6)
Land 12,026
Building 48,105
Building improvements and equipment 11,140
Total 71,272
Less: accumulated depreciation 40,480
Net Property and Improvements 30,792
Other Assets:
Cash - security deposits 406
Unamortized mortgage finance costs (Note 2) 344
Deferred ieasing commissions (Note 2) 136
Total Other Assets 886
Total Assets 37,687
Liabilities
Current Liabilities:
Accounts payable 323
Real estate tax abatements 420
Accrued mortgage interest 129
Building improvements payable -0-
Advance maintenance 51
Total Current Liabilities 923
Long-Term Liabilities:
Mortgage payable (Note 7) 26,346
Security deposits payable 406
Total Long-Term Liabilities 26,752
Total Liabilities 27,675
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 192
Additional paid-in capital 40,133
Accumulated deficit (30,313)
Total Stackholders' Equity 10,011
Total Liabilities and Stockholders' Equity 37,687

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,608
Commercial and professional 1,953
Operating assessment 738
Electricity charges rebilled 455
Other sharehalder fees 148
Laundry income 24
Total Revenues 10,927
Cost of Operations
Administrative expenses Schedule 1 423
Operating expenses Schedule 2 4,196
Repairs and maintenance Schedule 3 431
Real estate tax 4,333
Interest expense 1,517
Corporation taxes 56
Total Cost of Operations 10,956
Loss from operations before other items and depreciation and amortization (29)
Interest income 46
Transfer fees (Note 2) 25
Income Before Depreciation and Amortization 41
Depreciation and amortization (1,878)
Net Loss For The Year (1,837)