Apartment Report

Year Ended 2010-12-31

200 East 36 St
#8A
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,099
Receivables (Note 3) 1,924
Prepaid expenses (Note 4) 330
Total Current Assets 3,353
Reserve fund (Notes 2 and 5) 4,472
Property and Improvements: (Notes 2 and 6)
Land 15,659
Building 62,637
Building improvements and equipment 14,505
Total 92,802
Less: accumulated depreciation 52,708
Net Property and Improvements 40,094
Other Assets:
Cash - security deposits 528
Unamortized mortgage finance costs (Note 2) 448
Deferred ieasing commissions (Note 2) 177
Total Other Assets 1,153
Total Assets 49,071
Liabilities
Current Liabilities:
Accounts payable 421
Real estate tax abatements 547
Accrued mortgage interest 168
Building improvements payable -0-
Advance maintenance 66
Total Current Liabilities 1,202
Long-Term Liabilities:
Mortgage payable (Note 7) 34,305
Security deposits payable 528
Total Long-Term Liabilities 34,833
Total Liabilities 36,036
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 250
Additional paid-in capital 52,256
Accumulated deficit (39,470)
Total Stackholders' Equity 13,036
Total Liabilities and Stockholders' Equity 49,071

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 9,907
Commercial and professional 2,543
Operating assessment 961
Electricity charges rebilled 593
Other sharehalder fees 193
Laundry income 32
Total Revenues 14,228
Cost of Operations
Administrative expenses Schedule 1 551
Operating expenses Schedule 2 5,464
Repairs and maintenance Schedule 3 561
Real estate tax 5,642
Interest expense 1,976
Corporation taxes 73
Total Cost of Operations 14,266
Loss from operations before other items and depreciation and amortization (38)
Interest income 59
Transfer fees (Note 2) 32
Income Before Depreciation and Amortization 54
Depreciation and amortization (2,446)
Net Loss For The Year (2,392)