Apartment Report

Year Ended 2010-12-31

200 East 36 St
#7E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,077
Receivables (Note 3) 1,885
Prepaid expenses (Note 4) 323
Total Current Assets 3,286
Reserve fund (Notes 2 and 5) 4,382
Property and Improvements: (Notes 2 and 6)
Land 15,346
Building 61,384
Building improvements and equipment 14,215
Total 90,946
Less: accumulated depreciation 51,654
Net Property and Improvements 39,292
Other Assets:
Cash - security deposits 517
Unamortized mortgage finance costs (Note 2) 439
Deferred ieasing commissions (Note 2) 174
Total Other Assets 1,130
Total Assets 48,090
Liabilities
Current Liabilities:
Accounts payable 412
Real estate tax abatements 536
Accrued mortgage interest 164
Building improvements payable -0-
Advance maintenance 65
Total Current Liabilities 1,178
Long-Term Liabilities:
Mortgage payable (Note 7) 33,619
Security deposits payable 517
Total Long-Term Liabilities 34,137
Total Liabilities 35,315
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 245
Additional paid-in capital 51,211
Accumulated deficit (38,681)
Total Stackholders' Equity 12,775
Total Liabilities and Stockholders' Equity 48,090

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,709
Commercial and professional 2,492
Operating assessment 942
Electricity charges rebilled 581
Other sharehalder fees 189
Laundry income 31
Total Revenues 13,943
Cost of Operations
Administrative expenses Schedule 1 540
Operating expenses Schedule 2 5,355
Repairs and maintenance Schedule 3 550
Real estate tax 5,529
Interest expense 1,936
Corporation taxes 71
Total Cost of Operations 13,981
Loss from operations before other items and depreciation and amortization (37)
Interest income 58
Transfer fees (Note 2) 32
Income Before Depreciation and Amortization 53
Depreciation and amortization (2,397)
Net Loss For The Year (2,344)