Apartment Report

Year Ended 2010-12-31

200 East 36 St
#7C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,293
Receivables (Note 3) 2,262
Prepaid expenses (Note 4) 388
Total Current Assets 3,943
Reserve fund (Notes 2 and 5) 5,259
Property and Improvements: (Notes 2 and 6)
Land 18,415
Building 73,661
Building improvements and equipment 17,058
Total 109,135
Less: accumulated depreciation 61,984
Net Property and Improvements 47,150
Other Assets:
Cash - security deposits 621
Unamortized mortgage finance costs (Note 2) 527
Deferred ieasing commissions (Note 2) 208
Total Other Assets 1,356
Total Assets 57,708
Liabilities
Current Liabilities:
Accounts payable 495
Real estate tax abatements 644
Accrued mortgage interest 197
Building improvements payable -0-
Advance maintenance 78
Total Current Liabilities 1,414
Long-Term Liabilities:
Mortgage payable (Note 7) 40,343
Security deposits payable 621
Total Long-Term Liabilities 40,964
Total Liabilities 42,378
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 294
Additional paid-in capital 61,453
Accumulated deficit (46,417)
Total Stackholders' Equity 15,330
Total Liabilities and Stockholders' Equity 57,708

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,650
Commercial and professional 2,991
Operating assessment 1,130
Electricity charges rebilled 697
Other sharehalder fees 226
Laundry income 37
Total Revenues 16,732
Cost of Operations
Administrative expenses Schedule 1 648
Operating expenses Schedule 2 6,426
Repairs and maintenance Schedule 3 660
Real estate tax 6,635
Interest expense 2,323
Corporation taxes 85
Total Cost of Operations 16,777
Loss from operations before other items and depreciation and amortization (45)
Interest income 70
Transfer fees (Note 2) 38
Income Before Depreciation and Amortization 63
Depreciation and amortization (2,876)
Net Loss For The Year (2,813)