Apartment Report

Year Ended 2011-12-31

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 1,030
Receivables (Note 3) 1,566
Prepaid expenses (Note 4) 240
Total Current Assets 2,836
Reserve fund (Notes 2 and 5) 3,179
Property and Improvements: (Notes 2 and 6)
Land 12,527
Building 50,110
Building improvements and equipment 11,910
Total 74,547
Less: accumulated depreciation 44,033
Net Property and Improvements 30,514
Other Assets:
Cash - security deposits 379
Unamortized mortgage finance costs (Note 2) 329
Deferred ieasing commissions (Note 2) 105
Total Other Assets 813
Total Assets 37,343
Liabilities
Current Liabilities:
Accounts payable 360
Real estate tax abatements 439
Accrued mortgage interest 134
Building improvements payable 94
Advance maintenance 40
Total Current Liabilities 1,067
Long-Term Liabilities:
Mortgage payable (Note 7) 27,444
Security deposits payable 328
Total Long-Term Liabilities 27,772
Total Liabilities 28,840
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 (33,502)
Total Stackholders' Equity 8,503
Total Liabilities and Stockholders' Equity 37,343

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,172
Commercial and professional 1,871
Operating assessment 823
Electricity charges rebilled 443
Other sharehalder fees 169
Laundry income 25
Total Revenues 11,502
Cost of Operations
Administrative expenses Schedule 1 503
Operating expenses Schedule 2 4,495
Repairs and maintenance Schedule 3 524
Real estate tax 4,691
Interest expense 1,580
Corporation taxes 61
Total Cost of Operations 11,854
Loss from operations before other items and depreciation and amortization (351)
Interest income 40
Transfer fees (Note 2) 318
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,932)
Net Loss For The Year (1,926)