Apartment Report

Year Ended 2011-12-31

200 East 36 St
#8H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,545
Receivables (Note 3) 2,349
Prepaid expenses (Note 4) 360
Total Current Assets 4,254
Reserve fund (Notes 2 and 5) 4,768
Property and Improvements: (Notes 2 and 6)
Land 18,791
Building 75,165
Building improvements and equipment 17,865
Total 111,820
Less: accumulated depreciation 66,049
Net Property and Improvements 45,771
Other Assets:
Cash - security deposits 568
Unamortized mortgage finance costs (Note 2) 494
Deferred ieasing commissions (Note 2) 158
Total Other Assets 1,220
Total Assets 56,014
Liabilities
Current Liabilities:
Accounts payable 541
Real estate tax abatements 658
Accrued mortgage interest 201
Building improvements payable 142
Advance maintenance 59
Total Current Liabilities 1,601
Long-Term Liabilities:
Mortgage payable (Note 7) 41,166
Security deposits payable 492
Total Long-Term Liabilities 41,659
Total Liabilities 43,260
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 (50,253)
Total Stackholders' Equity 12,754
Total Liabilities and Stockholders' Equity 56,014

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,258
Commercial and professional 2,807
Operating assessment 1,234
Electricity charges rebilled 664
Other sharehalder fees 253
Laundry income 38
Total Revenues 17,254
Cost of Operations
Administrative expenses Schedule 1 754
Operating expenses Schedule 2 6,743
Repairs and maintenance Schedule 3 786
Real estate tax 7,036
Interest expense 2,371
Corporation taxes 91
Total Cost of Operations 17,781
Loss from operations before other items and depreciation and amortization (527)
Interest income 60
Transfer fees (Note 2) 477
Income Before Depreciation and Amortization 9
Depreciation and amortization (2,898)
Net Loss For The Year (2,889)