Apartment Report

Year Ended 2011-12-31

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 989
Receivables (Note 3) 1,503
Prepaid expenses (Note 4) 231
Total Current Assets 2,723
Reserve fund (Notes 2 and 5) 3,052
Property and Improvements: (Notes 2 and 6)
Land 12,026
Building 48,105
Building improvements and equipment 11,433
Total 71,565
Less: accumulated depreciation 42,271
Net Property and Improvements 29,294
Other Assets:
Cash - security deposits 364
Unamortized mortgage finance costs (Note 2) 316
Deferred ieasing commissions (Note 2) 101
Total Other Assets 781
Total Assets 35,849
Liabilities
Current Liabilities:
Accounts payable 346
Real estate tax abatements 421
Accrued mortgage interest 129
Building improvements payable 91
Advance maintenance 38
Total Current Liabilities 1,025
Long-Term Liabilities:
Mortgage payable (Note 7) 26,346
Security deposits payable 315
Total Long-Term Liabilities 26,661
Total Liabilities 27,686
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 (32,162)
Total Stackholders' Equity 8,163
Total Liabilities and Stockholders' Equity 35,849

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,845
Commercial and professional 1,796
Operating assessment 790
Electricity charges rebilled 425
Other sharehalder fees 162
Laundry income 24
Total Revenues 11,042
Cost of Operations
Administrative expenses Schedule 1 483
Operating expenses Schedule 2 4,315
Repairs and maintenance Schedule 3 503
Real estate tax 4,503
Interest expense 1,517
Corporation taxes 58
Total Cost of Operations 11,380
Loss from operations before other items and depreciation and amortization (337)
Interest income 38
Transfer fees (Note 2) 305
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,855)
Net Loss For The Year (1,849)