Apartment Report

Year Ended 2010-12-31

200 East 36 St
#8G
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,539
Receivables (Note 3) 2,693
Prepaid expenses (Note 4) 462
Total Current Assets 4,694
Reserve fund (Notes 2 and 5) 6,261
Property and Improvements: (Notes 2 and 6)
Land 21,923
Building 87,692
Building improvements and equipment 20,308
Total 129,922
Less: accumulated depreciation 73,791
Net Property and Improvements 56,132
Other Assets:
Cash - security deposits 739
Unamortized mortgage finance costs (Note 2) 627
Deferred ieasing commissions (Note 2) 248
Total Other Assets 1,614
Total Assets 68,700
Liabilities
Current Liabilities:
Accounts payable 589
Real estate tax abatements 766
Accrued mortgage interest 235
Building improvements payable -0-
Advance maintenance 93
Total Current Liabilities 1,683
Long-Term Liabilities:
Mortgage payable (Note 7) 48,027
Security deposits payable 739
Total Long-Term Liabilities 48,766
Total Liabilities 50,450
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 350
Additional paid-in capital 73,158
Accumulated deficit (55,258)
Total Stackholders' Equity 18,250
Total Liabilities and Stockholders' Equity 68,700

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 13,869
Commercial and professional 3,561
Operating assessment 1,345
Electricity charges rebilled 830
Other sharehalder fees 270
Laundry income 44
Total Revenues 19,919
Cost of Operations
Administrative expenses Schedule 1 771
Operating expenses Schedule 2 7,650
Repairs and maintenance Schedule 3 785
Real estate tax 7,899
Interest expense 2,766
Corporation taxes 102
Total Cost of Operations 19,972
Loss from operations before other items and depreciation and amortization (53)
Interest income 83
Transfer fees (Note 2) 45
Income Before Depreciation and Amortization 76
Depreciation and amortization (3,424)
Net Loss For The Year (3,349)