108 India Street Condominium

Amendment 3 Oct 30, 2019

Hot water heaters changed from gas to electric MODEL ENT-50 110, and Schedule B-1 projection updated.

• Hot water heaters changed from gas to 4500 WATT electric A.O. Smith Corp. Model ENT-50 110
• Tank capacity remains 50 gallons with first hour rating of 62 gallons at Uniform Energy Factor of 0.93
• Schedule B-1 projection updated with revised utility consumption estimates

Amendment 2 Jul 31, 2019

Amendment replaces the escrow trust fund procedures and purchase agreement with new escrow agent, account, and deposit handling requirements.

• Escrow agent changed to law firm of Sandor D. Krauss PC at 360 Lexington Avenue, Suite 1502, New York
• Escrow account established at Sterling National Bank, 489 5th Avenue, 17th Floor, New York, with FDIC insurance up to $250,000 per deposit
• Interest rate on deposits set at currently .08%, paid to purchaser at closing
• No fees may be deducted from escrow account; holder bears all maintenance costs
• Escrow agent must sign purchase agreement and place deposit within five business days of receipt
• Written notice to purchaser required within ten business days of deposit placement
• Purchaser may cancel if deposit notice not received within fifteen business days
• Holder cannot seek release of defaulting purchaser's deposit until after plan consummation

Amendment 1 Jun 12, 2019

Prices for three units are updated.

• Unit 1A price changed to $2,590,000
• Unit 2A price changed to $2,250,000
• Unit 3A price changed to $2,495,000
• Schedule A prices increased for 3 homes (median +8.5%): 1A $2,500,000 → $2,590,000; 2A $1,900,000 → $2,250,000; 3A $2,300,000 → $2,495,000