Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

Schedule III - Real Estate and Accumulated Depreciation

SCHEDULE III

60 EAST 42nd ST. ASSOCIATES L.L.C

(A Limited Liability Company)

Real Estate and Accumulated Depreciation


Column		December 31, 2012			December 31, 2011
A	Description
	Land, building and building improvements and equipment situated at One Grand Central Place, 60 East 42^nd Street and 301 Madison Avenue, New York, N.Y.
B	Encumbrances
	Prudential Insurance Company at December 31	$	89,109,449		$	91,478,304

C	Initial cost to company
	Land	$	7,240,000		$	7,240,000

	Building	$	16,960,000		$	16,960,000

D	Cost capitalized subsequent to acquisition
	Building improvements and equipment	$	76,819,488		$	78,308,199

	Carrying costs		None			None

E	Gross amount at which carried at close of period
	Land	$	7,240,000		$	7,240,000
	Building, building improvements and equipment		93,779,488			91,268,199

	Total	$	101,019,488	(a)	$	98,508,199	(a)

F	Accumulated depreciation	$	33,403,883	(b)	$	32,107,921	(b)

G	Date of construction		1930			1930
H	Date acquired		October 1, 1958			October 1, 1958
I	Life on which depreciation in latest income statements is computed		39 years for building improvements and 7 years for equipment			39 years for building improvements and 7 years for equipment
(a)	Gross amount of real estate
	Balance at January 1	$	96,934,064		$	95,832,358
	Purchase of building improvements and equipment and construction in progress (expenditures advanced by Lessee, a related party, and recorded by Associates):		4,085,424			2,675,841
	Assets sold/written off		—			(1,574,135	)

	Balance at December 31	$	101,019,488		$	96,934,064

	The costs for federal income tax purposes are the same as for financial statement purposes.
(b)	Accumulated depreciation
	Balance at January 1	$	30,533,786		$	29,552,828
	Depreciation: F/Y/E December 31		2,870,097			2,555,093
	Assets sold/written off		—			(1,574,135	)

	Balance at December 31	$	33,403,883		$	30,533,786

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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