Apartment Report

Year Ended 2011-12-31

200 East 36 St
#9H
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,576
Receivables (Note 3) 2,396
Prepaid expenses (Note 4) 367
Total Current Assets 4,340
Reserve fund (Notes 2 and 5) 4,864
Property and Improvements: (Notes 2 and 6)
Land 19,167
Building 76,668
Building improvements and equipment 18,222
Total 114,057
Less: accumulated depreciation 67,370
Net Property and Improvements 46,687
Other Assets:
Cash - security deposits 580
Unamortized mortgage finance costs (Note 2) 504
Deferred ieasing commissions (Note 2) 161
Total Other Assets 1,244
Total Assets 57,134
Liabilities
Current Liabilities:
Accounts payable 551
Real estate tax abatements 671
Accrued mortgage interest 205
Building improvements payable 145
Advance maintenance 61
Total Current Liabilities 1,633
Long-Term Liabilities:
Mortgage payable (Note 7) 41,989
Security deposits payable 502
Total Long-Term Liabilities 42,492
Total Liabilities 44,125
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 (51,258)
Total Stackholders' Equity 13,009
Total Liabilities and Stockholders' Equity 57,134

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 12,503
Commercial and professional 2,863
Operating assessment 1,259
Electricity charges rebilled 678
Other sharehalder fees 258
Laundry income 39
Total Revenues 17,599
Cost of Operations
Administrative expenses Schedule 1 769
Operating expenses Schedule 2 6,878
Repairs and maintenance Schedule 3 802
Real estate tax 7,177
Interest expense 2,418
Corporation taxes 93
Total Cost of Operations 18,136
Loss from operations before other items and depreciation and amortization (538)
Interest income 61
Transfer fees (Note 2) 486
Income Before Depreciation and Amortization 10
Depreciation and amortization (2,956)
Net Loss For The Year (2,946)