Apartment Report

Year Ended 2011-12-31

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 1,051
Receivables (Note 3) 1,597
Prepaid expenses (Note 4) 245
Total Current Assets 2,893
Reserve fund (Notes 2 and 5) 3,242
Property and Improvements: (Notes 2 and 6)
Land 12,778
Building 51,112
Building improvements and equipment 12,148
Total 76,038
Less: accumulated depreciation 44,913
Net Property and Improvements 31,125
Other Assets:
Cash - security deposits 387
Unamortized mortgage finance costs (Note 2) 336
Deferred ieasing commissions (Note 2) 107
Total Other Assets 829
Total Assets 38,089
Liabilities
Current Liabilities:
Accounts payable 368
Real estate tax abatements 447
Accrued mortgage interest 137
Building improvements payable 96
Advance maintenance 40
Total Current Liabilities 1,089
Long-Term Liabilities:
Mortgage payable (Note 7) 27,993
Security deposits payable 335
Total Long-Term Liabilities 28,328
Total Liabilities 29,417
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 (34,172)
Total Stackholders' Equity 8,673
Total Liabilities and Stockholders' Equity 38,089

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 8,335
Commercial and professional 1,908
Operating assessment 839
Electricity charges rebilled 452
Other sharehalder fees 172
Laundry income 26
Total Revenues 11,732
Cost of Operations
Administrative expenses Schedule 1 513
Operating expenses Schedule 2 4,585
Repairs and maintenance Schedule 3 535
Real estate tax 4,785
Interest expense 1,612
Corporation taxes 62
Total Cost of Operations 12,091
Loss from operations before other items and depreciation and amortization (358)
Interest income 41
Transfer fees (Note 2) 324
Income Before Depreciation and Amortization 6
Depreciation and amortization (1,971)
Net Loss For The Year (1,964)