Midtown/109-23 71st Road

Amendment 33 Aug 21, 2006

This annual update attaches the 2005 certified financial statement and 2006 budget, which shows a $2,196.00 deficit, reports the Sponsor's financial status and rental income, and lists the current board.

• 2006 budget shows a deficit of $2,196.00; a 10% maintenance increase is scheduled for May 1, 2006
• 2005 financial statement shows a net operating loss of $46,671.00
• Current board listed: Felix Lempert (President), Mark Kostron (Vice President), Shilla Patel (Secretary), Lucille Pfaff (Treasurer), Harvey Shih (Board Member)
• Sponsor-owned units: monthly common charges, taxes and sales prices listed in Exhibit B; aggregate monthly rent from Sponsor-owned units is $25,731.51
• Sponsor is current on its plan obligations and has no obligations due within 12 months other than common charges
• No unsold units are subject to mortgage or financing commitments
• Exhibit C lists other condominiums, cooperatives and homeowners associations where the Sponsor owns more than 10% of units
• Plan may be used for one year from the date this amendment is accepted for filing

Amendment 32 Jun 29, 2005

This amendment annexes the 2004 certified financial statement and 2005 projected budget, which show a deficit and an operating loss, and updates the sponsor's financial disclosures and the current board list.

• 2005 budget indicates a deficit of $20,669
• 2004 financial statement shows a net operating loss of $69,426
• Sponsor's aggregate monthly rents from tenants of its units: $25,041.35
• Sponsor's monthly common charges and taxes paid, and sales prices of its units, listed in Exhibit B
• List of other condominiums, cooperatives and homeowners associations where the sponsor owns more than 10% of units added as Exhibit C
• Current board updated: Janet Ger (President), Mark Kostron (Vice President), Shilla Patel (Secretary/Sponsor Representative), Lucille Pfaff (Treasurer), Felix Lempert (Board Member)
• Plan may be used for one (1) year from the date this Amendment is accepted for filing

Amendment 31 May 24, 2004

This amendment updates the plan's financial and sponsor disclosures, including the 2004 projected budget deficit and Sponsor's rental income, and states that there are no other material changes.

• Projected 2004 budget indicates a deficit of $31,026
• Sponsor-owned units' aggregate monthly rents currently $21,009.92
• Certified financial statement for 2003 annexed as Exhibit "A"
• Exhibit "B" added: aggregate monthly common charges paid by Sponsor and sales prices for Sponsor-owned units
• Exhibit "C" added: other condominiums, cooperatives or homeowners associations where Sponsor owns more than ten percent of units
• Sponsor has no financial obligations to the cooperative due within 12 months, other than common charges
• No unsold units subject to mortgage or financing commitments; Sponsor current on Plan obligations
• Plan may be used for twelve (12) months from acceptance for filing; board listed, Sponsor relinquished control May 1989

Amendment 30 May 16, 2003

This amendment annexes the 2002 financial statements and the 2003 projected budget, lists the current board and the selling prices of unsold units, and reports the sponsor's financial status.

• Unsold units' current selling prices listed in Exhibit "D"
• Plan may be used for twelve (12) months from the date this Amendment is duly accepted for filing
• Projected Budget for January 1, 2003 through December 31, 2003 annexed as Exhibit "B"
• Certified financial statement for 2002 annexed as Exhibit "A"
• Sponsor's aggregate monthly common charges for its units: $9,268.70
• Sponsor's aggregate monthly rents from tenants of its units: $22,860.90
• Current board: Janet Ger (President), Mark Kostron (Vice President), Shilla Patel (Secretary), Larry Raubvogel (Treasurer), Nelly Aizenberg
• Sponsor has no unsold units subject to mortgage or financing commitments

Amendment 29 May 20, 2002

This Twenty-Ninth Amendment adds the 2001 certified financial statement and the May 2002 to April 2003 projected budget, lists current selling prices for unsold units, sets a twelve-month period for using the plan, and updates the sponsor's financial figures and the board list.

• Current selling prices for unsold units listed in Exhibit "D"
• Plan may be used for twelve (12) months from the date this Amendment is duly accepted for filing, extendable by a further amendment
• Projected Budget for May 1, 2002 through April 30, 2003 annexed as Exhibit "B"
• Certified Financial Statement for January 1, 2001 through December 31, 2001 annexed as Exhibit "A"
• Sponsor's aggregate monthly common charges for its units: $9,268.70
• Current maintenance charges approximately $3.30 per share per month
• Sponsor's aggregate monthly rents from tenants of its units: $22,588.86
• Current Board: Janet Ger (President), John Busch (Vice President), Shilla Patel (Secretary), Larry Raubvogel (Treasurer), Nelly Aizenberg

Amendment 28 May 25, 2001

This Twenty-Eighth Amendment updates the offering plan for 109-23 71st Road, Forest Hills, with the 2000 financial statement, a 2001-2002 budget, a current board list, and current selling prices for unsold units listed in Exhibit D.

• Current selling prices for unsold units listed in Exhibit D
• Plan may be used for twelve (12) months from acceptance for filing; to be extended by a further amendment
• Projected budget for May 1, 2001 through April 30, 2002 added as Exhibit B
• Certified financial statement for January 1, 2000 through December 31, 2000 added as Exhibit A
• Current board: Janet Ger (President), John Busch (Vice President), Larry Raubvogel (Treasurer), Shilla Patel (Secretary), Nelly Aizenberg
• Sponsor's aggregate monthly common charges $9,268.70 and monthly rents $21,667.33 reported; maintenance approximately $3.30 per share per month
• List of other condominiums, cooperatives or homeowners associations where Sponsor owns more than 10% added as Exhibit C
• Sponsor relinquished control of the Board May, 1989

Amendment 27 May 19, 2000

This Twenty-Seventh Amendment updates the plan's financial and governance disclosures, adding the 1999 certified financial statement, a 2000-2001 projected budget, sponsor unit charges and rents, unsold-unit selling prices, and the current board list.

• Certified financial statement for January 1, 1999 through December 31, 1999 added as Exhibit A
• Projected budget for May 1, 2000 through April 30, 2001 added as Exhibit B
• Sponsor-owned units: aggregate monthly common charges $9,268.97; maintenance approximately $3.30 per share per month
• Sponsor-owned units: aggregate monthly rents $20,033.17; certified rent roll in Exhibit C
• Current selling prices for unsold units listed in Exhibit F
• Current board: Janet Ger (President), John Busch (Vice President), Nelly Aisenberg (Treasurer), Shilla Patel (Secretary), Larry Raubvogel
• Explains General Business Law Section 352-L: after notice, tenant rent is payable directly to the Apartment Corporation if a non-occupying owner fails to pay charges within 60 days; full text in Exhibit E
• Sponsor reports no obligations due within 12 months other than common charges, no unsold units under mortgage or financing commitments, and is current on its obligations

Amendment 26 May 28, 1999

This Twenty-Sixth Amendment updates the sponsor's holdings and obligations, attaches a 1998 financial statement and a 1999-2000 budget, lists the current board, and sets a twelve-month period for using the plan.

• Aggregate monthly common charges for all units owned by Sponsor: $9,268.97
• Aggregate monthly rents from tenants of all Units owned by Sponsor: $16,251.32, with Certified Rent Roll attached as Exhibit "C"
• Sponsor has no financial obligations to the cooperative due within 12 months, other than common charges
• No unsold units are subject to mortgage (construction or otherwise) or financing commitments
• Sponsor is current on all financial obligations under the Offering Plan, and on its obligations to other cooperatives, condominiums or homeowners associations
• Board listed: Janet Ger (President), John Busch (Vice President), Nelly Aisenberg (Treasurer), Shilla Patel (Secretary), Larry Raubvogel
• Plan may be used for twelve (12) months from the date this Amendment is duly accepted for filing
• Exhibit "A": Certified Financial Statement for January 1, 1998 through December 31, 1998; Exhibit "B": Projected Budget for May 1, 1999 through April 30, 2000

Amendment 25 Jun 20, 1998

This amendment updates the offering plan for The Midtown with 1997 financial statements, a 1998-1999 projected budget, the sponsor's common charges and rents, sponsor disclosures, and the current board, and it allows the plan to be used for 12 more months from acceptance.

• Certified financial statement for January 1, 1997 through December 31, 1997 added as Exhibit A
• Projected budget for May 1, 1998 through April 30, 1999 added as Exhibit B
• Sponsor's aggregate monthly common charges for its units stated as $9,268.97
• Sponsor's aggregate monthly rents from its units stated as $16,054.33, with certified rent roll as Exhibit C
• Sponsor reports no obligations to the cooperative due within 12 months other than common charges, and no unsold units subject to mortgage or financing commitments
• Sponsor states it is current on Offering Plan obligations and on other cooperatives, condominiums or homeowners associations; list in Exhibit D
• Current board listed: Janet Ger (President), John Busch (Vice President), Nelly Aisenberg (Treasurer), Shilla Patel (Secretary), Larry Raubvogel
• Plan may be used for twelve (12) months from the date this Amendment is duly accepted for filing