Apartment Report

Year Ended 2011-12-31

200 East 36 St
#9E
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,313
Receivables (Note 3) 1,997
Prepaid expenses (Note 4) 306
Total Current Assets 3,616
Reserve fund (Notes 2 and 5) 4,053
Property and Improvements: (Notes 2 and 6)
Land 15,972
Building 63,890
Building improvements and equipment 15,185
Total 95,047
Less: accumulated depreciation 56,142
Net Property and Improvements 38,906
Other Assets:
Cash - security deposits 483
Unamortized mortgage finance costs (Note 2) 420
Deferred ieasing commissions (Note 2) 134
Total Other Assets 1,037
Total Assets 47,612
Liabilities
Current Liabilities:
Accounts payable 460
Real estate tax abatements 559
Accrued mortgage interest 171
Building improvements payable 120
Advance maintenance 51
Total Current Liabilities 1,361
Long-Term Liabilities:
Mortgage payable (Note 7) 34,991
Security deposits payable 419
Total Long-Term Liabilities 35,410
Total Liabilities 36,771
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 255
Additional paid-in capital 53,301
Accumulated deficit (42,715)
Total Stackholders' Equity 10,841
Total Liabilities and Stockholders' Equity 47,612

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,419
Commercial and professional 2,386
Operating assessment 1,049
Electricity charges rebilled 565
Other sharehalder fees 215
Laundry income 32
Total Revenues 14,665
Cost of Operations
Administrative expenses Schedule 1 641
Operating expenses Schedule 2 5,731
Repairs and maintenance Schedule 3 668
Real estate tax 5,981
Interest expense 2,015
Corporation taxes 77
Total Cost of Operations 15,114
Loss from operations before other items and depreciation and amortization (448)
Interest income 51
Transfer fees (Note 2) 405
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,463)
Net Loss For The Year (2,455)