Apartment Report

Year Ended 2010-12-31

200 East 36 St
#7J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 862
Receivables (Note 3) 1,508
Prepaid expenses (Note 4) 258
Total Current Assets 2,628
Reserve fund (Notes 2 and 5) 3,506
Property and Improvements: (Notes 2 and 6)
Land 12,277
Building 49,107
Building improvements and equipment 11,372
Total 72,757
Less: accumulated depreciation 41,323
Net Property and Improvements 31,434
Other Assets:
Cash - security deposits 414
Unamortized mortgage finance costs (Note 2) 351
Deferred ieasing commissions (Note 2) 139
Total Other Assets 904
Total Assets 38,472
Liabilities
Current Liabilities:
Accounts payable 330
Real estate tax abatements 429
Accrued mortgage interest 132
Building improvements payable -0-
Advance maintenance 52
Total Current Liabilities 943
Long-Term Liabilities:
Mortgage payable (Note 7) 26,895
Security deposits payable 414
Total Long-Term Liabilities 27,309
Total Liabilities 28,252
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 196
Additional paid-in capital 40,969
Accumulated deficit (30,945)
Total Stackholders' Equity 10,220
Total Liabilities and Stockholders' Equity 38,472

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,767
Commercial and professional 1,994
Operating assessment 753
Electricity charges rebilled 465
Other sharehalder fees 151
Laundry income 25
Total Revenues 11,155
Cost of Operations
Administrative expenses Schedule 1 432
Operating expenses Schedule 2 4,284
Repairs and maintenance Schedule 3 440
Real estate tax 4,423
Interest expense 1,549
Corporation taxes 57
Total Cost of Operations 11,185
Loss from operations before other items and depreciation and amortization (30)
Interest income 47
Transfer fees (Note 2) 25
Income Before Depreciation and Amortization 42
Depreciation and amortization (1,918)
Net Loss For The Year (1,875)