Apartment Report

Year Ended 2011-12-31

200 East 36 St
#8E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,288
Receivables (Note 3) 1,957
Prepaid expenses (Note 4) 300
Total Current Assets 3,545
Reserve fund (Notes 2 and 5) 3,974
Property and Improvements: (Notes 2 and 6)
Land 15,659
Building 62,637
Building improvements and equipment 14,887
Total 93,184
Less: accumulated depreciation 55,041
Net Property and Improvements 38,143
Other Assets:
Cash - security deposits 474
Unamortized mortgage finance costs (Note 2) 411
Deferred ieasing commissions (Note 2) 131
Total Other Assets 1,017
Total Assets 46,678
Liabilities
Current Liabilities:
Accounts payable 451
Real estate tax abatements 548
Accrued mortgage interest 168
Building improvements payable 118
Advance maintenance 50
Total Current Liabilities 1,334
Long-Term Liabilities:
Mortgage payable (Note 7) 34,305
Security deposits payable 410
Total Long-Term Liabilities 34,715
Total Liabilities 36,050
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 (41,877)
Total Stackholders' Equity 10,629
Total Liabilities and Stockholders' Equity 46,678

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,215
Commercial and professional 2,339
Operating assessment 1,028
Electricity charges rebilled 554
Other sharehalder fees 211
Laundry income 32
Total Revenues 14,378
Cost of Operations
Administrative expenses Schedule 1 628
Operating expenses Schedule 2 5,619
Repairs and maintenance Schedule 3 655
Real estate tax 5,863
Interest expense 1,976
Corporation taxes 76
Total Cost of Operations 14,817
Loss from operations before other items and depreciation and amortization (439)
Interest income 50
Transfer fees (Note 2) 397
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,415)
Net Loss For The Year (2,407)