Apartment Report

Year Ended 2011-12-31

200 East 36 St
#7H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,514
Receivables (Note 3) 2,302
Prepaid expenses (Note 4) 353
Total Current Assets 4,169
Reserve fund (Notes 2 and 5) 4,673
Property and Improvements: (Notes 2 and 6)
Land 18,415
Building 73,661
Building improvements and equipment 17,508
Total 109,584
Less: accumulated depreciation 64,728
Net Property and Improvements 44,856
Other Assets:
Cash - security deposits 557
Unamortized mortgage finance costs (Note 2) 484
Deferred ieasing commissions (Note 2) 155
Total Other Assets 1,195
Total Assets 54,894
Liabilities
Current Liabilities:
Accounts payable 530
Real estate tax abatements 645
Accrued mortgage interest 197
Building improvements payable 139
Advance maintenance 58
Total Current Liabilities 1,569
Long-Term Liabilities:
Mortgage payable (Note 7) 40,343
Security deposits payable 483
Total Long-Term Liabilities 40,825
Total Liabilities 42,395
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 (49,248)
Total Stackholders' Equity 12,499
Total Liabilities and Stockholders' Equity 54,894

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,013
Commercial and professional 2,750
Operating assessment 1,209
Electricity charges rebilled 651
Other sharehalder fees 248
Laundry income 37
Total Revenues 16,908
Cost of Operations
Administrative expenses Schedule 1 739
Operating expenses Schedule 2 6,608
Repairs and maintenance Schedule 3 771
Real estate tax 6,895
Interest expense 2,323
Corporation taxes 89
Total Cost of Operations 17,425
Loss from operations before other items and depreciation and amortization (517)
Interest income 59
Transfer fees (Note 2) 467
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,840)
Net Loss For The Year (2,831)