Apartment Report

Year Ended 2010-12-31

200 East 36 St
#9J
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 897
Receivables (Note 3) 1,570
Prepaid expenses (Note 4) 269
Total Current Assets 2,736
Reserve fund (Notes 2 and 5) 3,649
Property and Improvements: (Notes 2 and 6)
Land 12,778
Building 51,112
Building improvements and equipment 11,836
Total 75,726
Less: accumulated depreciation 43,010
Net Property and Improvements 32,717
Other Assets:
Cash - security deposits 431
Unamortized mortgage finance costs (Note 2) 365
Deferred ieasing commissions (Note 2) 145
Total Other Assets 941
Total Assets 40,042
Liabilities
Current Liabilities:
Accounts payable 343
Real estate tax abatements 447
Accrued mortgage interest 137
Building improvements payable -0-
Advance maintenance 54
Total Current Liabilities 981
Long-Term Liabilities:
Mortgage payable (Note 7) 27,993
Security deposits payable 431
Total Long-Term Liabilities 28,424
Total Liabilities 29,405
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 204
Additional paid-in capital 42,641
Accumulated deficit (32,208)
Total Stackholders' Equity 10,637
Total Liabilities and Stockholders' Equity 40,042

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,084
Commercial and professional 2,075
Operating assessment 784
Electricity charges rebilled 484
Other sharehalder fees 157
Laundry income 26
Total Revenues 11,610
Cost of Operations
Administrative expenses Schedule 1 450
Operating expenses Schedule 2 4,459
Repairs and maintenance Schedule 3 458
Real estate tax 4,604
Interest expense 1,612
Corporation taxes 59
Total Cost of Operations 11,641
Loss from operations before other items and depreciation and amortization (31)
Interest income 49
Transfer fees (Note 2) 26
Income Before Depreciation and Amortization 44
Depreciation and amortization (1,996)
Net Loss For The Year (1,952)