Apartment Report

Year Ended 2010-12-31

200 East 36 St
#9C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,346
Receivables (Note 3) 2,354
Prepaid expenses (Note 4) 404
Total Current Assets 4,104
Reserve fund (Notes 2 and 5) 5,473
Property and Improvements: (Notes 2 and 6)
Land 19,167
Building 76,668
Building improvements and equipment 17,755
Total 113,589
Less: accumulated depreciation 64,514
Net Property and Improvements 49,075
Other Assets:
Cash - security deposits 646
Unamortized mortgage finance costs (Note 2) 548
Deferred ieasing commissions (Note 2) 217
Total Other Assets 1,411
Total Assets 60,063
Liabilities
Current Liabilities:
Accounts payable 515
Real estate tax abatements 670
Accrued mortgage interest 205
Building improvements payable -0-
Advance maintenance 81
Total Current Liabilities 1,472
Long-Term Liabilities:
Mortgage payable (Note 7) 41,989
Security deposits payable 646
Total Long-Term Liabilities 42,636
Total Liabilities 44,108
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 306
Additional paid-in capital 63,961
Accumulated deficit (48,312)
Total Stackholders' Equity 15,956
Total Liabilities and Stockholders' Equity 60,063

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,126
Commercial and professional 3,113
Operating assessment 1,176
Electricity charges rebilled 726
Other sharehalder fees 236
Laundry income 39
Total Revenues 17,415
Cost of Operations
Administrative expenses Schedule 1 674
Operating expenses Schedule 2 6,688
Repairs and maintenance Schedule 3 687
Real estate tax 6,906
Interest expense 2,418
Corporation taxes 89
Total Cost of Operations 17,462
Loss from operations before other items and depreciation and amortization (46)
Interest income 73
Transfer fees (Note 2) 40
Income Before Depreciation and Amortization 66
Depreciation and amortization (2,994)
Net Loss For The Year (2,928)