Apartment Report

Year Ended 2010-12-31

200 East 36 St
#8C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,319
Receivables (Note 3) 2,308
Prepaid expenses (Note 4) 396
Total Current Assets 4,023
Reserve fund (Notes 2 and 5) 5,366
Property and Improvements: (Notes 2 and 6)
Land 18,791
Building 75,165
Building improvements and equipment 17,406
Total 111,362
Less: accumulated depreciation 63,249
Net Property and Improvements 48,113
Other Assets:
Cash - security deposits 634
Unamortized mortgage finance costs (Note 2) 537
Deferred ieasing commissions (Note 2) 213
Total Other Assets 1,384
Total Assets 58,886
Liabilities
Current Liabilities:
Accounts payable 505
Real estate tax abatements 657
Accrued mortgage interest 201
Building improvements payable -0-
Advance maintenance 80
Total Current Liabilities 1,443
Long-Term Liabilities:
Mortgage payable (Note 7) 41,166
Security deposits payable 634
Total Long-Term Liabilities 41,800
Total Liabilities 43,243
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 300
Additional paid-in capital 62,707
Accumulated deficit (47,364)
Total Stackholders' Equity 15,643
Total Liabilities and Stockholders' Equity 58,886

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 11,888
Commercial and professional 3,052
Operating assessment 1,153
Electricity charges rebilled 711
Other sharehalder fees 231
Laundry income 38
Total Revenues 17,074
Cost of Operations
Administrative expenses Schedule 1 661
Operating expenses Schedule 2 6,557
Repairs and maintenance Schedule 3 673
Real estate tax 6,770
Interest expense 2,371
Corporation taxes 87
Total Cost of Operations 17,119
Loss from operations before other items and depreciation and amortization (46)
Interest income 71
Transfer fees (Note 2) 39
Income Before Depreciation and Amortization 65
Depreciation and amortization (2,935)
Net Loss For The Year (2,870)