Apartment Report

Year Ended 2010-12-31

200 East 36 St
#7G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,508
Receivables (Note 3) 2,639
Prepaid expenses (Note 4) 452
Total Current Assets 4,600
Reserve fund (Notes 2 and 5) 6,135
Property and Improvements: (Notes 2 and 6)
Land 21,485
Building 85,938
Building improvements and equipment 19,901
Total 127,324
Less: accumulated depreciation 72,315
Net Property and Improvements 55,009
Other Assets:
Cash - security deposits 724
Unamortized mortgage finance costs (Note 2) 614
Deferred ieasing commissions (Note 2) 243
Total Other Assets 1,582
Total Assets 67,326
Liabilities
Current Liabilities:
Accounts payable 577
Real estate tax abatements 751
Accrued mortgage interest 230
Building improvements payable -0-
Advance maintenance 91
Total Current Liabilities 1,650
Long-Term Liabilities:
Mortgage payable (Note 7) 47,067
Security deposits payable 724
Total Long-Term Liabilities 47,791
Total Liabilities 49,441
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 343
Additional paid-in capital 71,695
Accumulated deficit (54,153)
Total Stackholders' Equity 17,885
Total Liabilities and Stockholders' Equity 67,326

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,592
Commercial and professional 3,489
Operating assessment 1,318
Electricity charges rebilled 813
Other sharehalder fees 264
Laundry income 43
Total Revenues 19,521
Cost of Operations
Administrative expenses Schedule 1 756
Operating expenses Schedule 2 7,497
Repairs and maintenance Schedule 3 770
Real estate tax 7,741
Interest expense 2,711
Corporation taxes 100
Total Cost of Operations 19,573
Loss from operations before other items and depreciation and amortization (52)
Interest income 82
Transfer fees (Note 2) 45
Income Before Depreciation and Amortization 74
Depreciation and amortization (3,356)
Net Loss For The Year (3,282)