Apartment Report

Year Ended 2010-12-31

200 East 36 St
#9B
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,570
Receivables (Note 3) 2,747
Prepaid expenses (Note 4) 471
Total Current Assets 4,787
Reserve fund (Notes 2 and 5) 6,386
Property and Improvements: (Notes 2 and 6)
Land 22,361
Building 89,446
Building improvements and equipment 20,714
Total 132,521
Less: accumulated depreciation 75,267
Net Property and Improvements 57,254
Other Assets:
Cash - security deposits 754
Unamortized mortgage finance costs (Note 2) 639
Deferred ieasing commissions (Note 2) 253
Total Other Assets 1,646
Total Assets 70,074
Liabilities
Current Liabilities:
Accounts payable 601
Real estate tax abatements 782
Accrued mortgage interest 240
Building improvements payable -0-
Advance maintenance 95
Total Current Liabilities 1,717
Long-Term Liabilities:
Mortgage payable (Note 7) 48,988
Security deposits payable 754
Total Long-Term Liabilities 49,742
Total Liabilities 51,459
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 357
Additional paid-in capital 74,622
Accumulated deficit (56,363)
Total Stackholders' Equity 18,615
Total Liabilities and Stockholders' Equity 70,074

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 14,147
Commercial and professional 3,632
Operating assessment 1,372
Electricity charges rebilled 847
Other sharehalder fees 275
Laundry income 45
Total Revenues 20,318
Cost of Operations
Administrative expenses Schedule 1 787
Operating expenses Schedule 2 7,803
Repairs and maintenance Schedule 3 801
Real estate tax 8,057
Interest expense 2,821
Corporation taxes 104
Total Cost of Operations 20,372
Loss from operations before other items and depreciation and amortization (54)
Interest income 85
Transfer fees (Note 2) 46
Income Before Depreciation and Amortization 77
Depreciation and amortization (3,493)
Net Loss For The Year (3,416)