Apartment Report

Year Ended 2010-12-31

200 East 36 St
#9F
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,121
Receivables (Note 3) 1,962
Prepaid expenses (Note 4) 336
Total Current Assets 3,420
Reserve fund (Notes 2 and 5) 4,561
Property and Improvements: (Notes 2 and 6)
Land 15,972
Building 63,890
Building improvements and equipment 14,795
Total 94,658
Less: accumulated depreciation 53,762
Net Property and Improvements 40,896
Other Assets:
Cash - security deposits 539
Unamortized mortgage finance costs (Note 2) 457
Deferred ieasing commissions (Note 2) 181
Total Other Assets 1,176
Total Assets 50,053
Liabilities
Current Liabilities:
Accounts payable 429
Real estate tax abatements 558
Accrued mortgage interest 171
Building improvements payable -0-
Advance maintenance 68
Total Current Liabilities 1,226
Long-Term Liabilities:
Mortgage payable (Note 7) 34,991
Security deposits payable 539
Total Long-Term Liabilities 35,530
Total Liabilities 36,756
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 (40,260)
Total Stackholders' Equity 13,296
Total Liabilities and Stockholders' Equity 50,053

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,105
Commercial and professional 2,594
Operating assessment 980
Electricity charges rebilled 605
Other sharehalder fees 196
Laundry income 32
Total Revenues 14,513
Cost of Operations
Administrative expenses Schedule 1 562
Operating expenses Schedule 2 5,573
Repairs and maintenance Schedule 3 572
Real estate tax 5,755
Interest expense 2,015
Corporation taxes 74
Total Cost of Operations 14,551
Loss from operations before other items and depreciation and amortization (39)
Interest income 61
Transfer fees (Note 2) 33
Income Before Depreciation and Amortization 55
Depreciation and amortization (2,495)
Net Loss For The Year (2,440)