Apartment Report

Year Ended 2010-12-31

200 East 36 St
#8J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 879
Receivables (Note 3) 1,539
Prepaid expenses (Note 4) 264
Total Current Assets 2,682
Reserve fund (Notes 2 and 5) 3,577
Property and Improvements: (Notes 2 and 6)
Land 12,527
Building 50,110
Building improvements and equipment 11,604
Total 74,241
Less: accumulated depreciation 42,166
Net Property and Improvements 32,075
Other Assets:
Cash - security deposits 422
Unamortized mortgage finance costs (Note 2) 358
Deferred ieasing commissions (Note 2) 142
Total Other Assets 922
Total Assets 39,257
Liabilities
Current Liabilities:
Accounts payable 337
Real estate tax abatements 438
Accrued mortgage interest 134
Building improvements payable -0-
Advance maintenance 53
Total Current Liabilities 962
Long-Term Liabilities:
Mortgage payable (Note 7) 27,444
Security deposits payable 422
Total Long-Term Liabilities 27,867
Total Liabilities 28,828
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 200
Additional paid-in capital 41,805
Accumulated deficit (31,576)
Total Stackholders' Equity 10,429
Total Liabilities and Stockholders' Equity 39,257

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 7,925
Commercial and professional 2,035
Operating assessment 769
Electricity charges rebilled 474
Other sharehalder fees 154
Laundry income 25
Total Revenues 11,382
Cost of Operations
Administrative expenses Schedule 1 441
Operating expenses Schedule 2 4,371
Repairs and maintenance Schedule 3 449
Real estate tax 4,514
Interest expense 1,580
Corporation taxes 58
Total Cost of Operations 11,413
Loss from operations before other items and depreciation and amortization (30)
Interest income 48
Transfer fees (Note 2) 26
Income Before Depreciation and Amortization 43
Depreciation and amortization (1,957)
Net Loss For The Year (1,914)