Apartment Report

Year Ended 2011-12-31

200 East 36 St
#7F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,262
Receivables (Note 3) 1,918
Prepaid expenses (Note 4) 294
Total Current Assets 3,474
Reserve fund (Notes 2 and 5) 3,894
Property and Improvements: (Notes 2 and 6)
Land 15,346
Building 61,384
Building improvements and equipment 14,590
Total 91,320
Less: accumulated depreciation 53,940
Net Property and Improvements 37,380
Other Assets:
Cash - security deposits 464
Unamortized mortgage finance costs (Note 2) 403
Deferred ieasing commissions (Note 2) 129
Total Other Assets 996
Total Assets 45,745
Liabilities
Current Liabilities:
Accounts payable 442
Real estate tax abatements 537
Accrued mortgage interest 164
Building improvements payable 116
Advance maintenance 49
Total Current Liabilities 1,308
Long-Term Liabilities:
Mortgage payable (Note 7) 33,619
Security deposits payable 402
Total Long-Term Liabilities 34,021
Total Liabilities 35,329
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 (41,040)
Total Stackholders' Equity 10,416
Total Liabilities and Stockholders' Equity 45,745

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,011
Commercial and professional 2,292
Operating assessment 1,008
Electricity charges rebilled 543
Other sharehalder fees 206
Laundry income 31
Total Revenues 14,090
Cost of Operations
Administrative expenses Schedule 1 616
Operating expenses Schedule 2 5,507
Repairs and maintenance Schedule 3 642
Real estate tax 5,746
Interest expense 1,936
Corporation taxes 74
Total Cost of Operations 14,521
Loss from operations before other items and depreciation and amortization (431)
Interest income 49
Transfer fees (Note 2) 389
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,367)
Net Loss For The Year (2,359)