Apartment Report

Year Ended 2011-12-31

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 1,010
Receivables (Note 3) 1,535
Prepaid expenses (Note 4) 235
Total Current Assets 2,780
Reserve fund (Notes 2 and 5) 3,115
Property and Improvements: (Notes 2 and 6)
Land 12,277
Building 49,107
Building improvements and equipment 11,672
Total 73,056
Less: accumulated depreciation 43,152
Net Property and Improvements 29,904
Other Assets:
Cash - security deposits 371
Unamortized mortgage finance costs (Note 2) 323
Deferred ieasing commissions (Note 2) 103
Total Other Assets 797
Total Assets 36,596
Liabilities
Current Liabilities:
Accounts payable 353
Real estate tax abatements 430
Accrued mortgage interest 132
Building improvements payable 93
Advance maintenance 39
Total Current Liabilities 1,046
Long-Term Liabilities:
Mortgage payable (Note 7) 26,895
Security deposits payable 322
Total Long-Term Liabilities 27,217
Total Liabilities 28,263
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 (32,832)
Total Stackholders' Equity 8,333
Total Liabilities and Stockholders' Equity 36,596

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,008
Commercial and professional 1,834
Operating assessment 806
Electricity charges rebilled 434
Other sharehalder fees 165
Laundry income 25
Total Revenues 11,272
Cost of Operations
Administrative expenses Schedule 1 493
Operating expenses Schedule 2 4,405
Repairs and maintenance Schedule 3 514
Real estate tax 4,597
Interest expense 1,549
Corporation taxes 59
Total Cost of Operations 11,617
Loss from operations before other items and depreciation and amortization (344)
Interest income 39
Transfer fees (Note 2) 311
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,893)
Net Loss For The Year (1,887)