125 Perry Street Condominium

Amendment 7 Mar 11, 2026

Purchase price for Unit 2 changed to $11,995,000.

Amendment 6 Jun 24, 2025

Updated floor plans and pricing for Units THE and 2, with added bedroom and bathroom for Unit THE, and plan effectiveness declared.

• Unit THE: added 1 bedroom and 1 bathroom on upper level
• Unit THE: demising wall added around terrace
• Unit 2: layout changes to certain rooms and areas
• Schedule A updated with new bedroom/bathroom totals and current purchase prices
• Plan declared effective based on 2 purchase agreements (15% of 7 units offered)
• Schedule B-1 Projected Individual Energy Costs Budget updated
• Real Property Law Section 339-i Compliance Letter updated
• Schedule A prices decreased for 1 home (median -16.4%): 2 $11,950,000 → $9,995,000

Amendment 5 Feb 19, 2025

Fifth Amendment identifies the construction lender and extends the offering plan term.

• Construction Lender is MAM Collateral Agent, LLC (agent for MAM 125 Perry Lender, LLC) at One Bryant Park, 38th Floor, New York, NY 10036
• Sponsor must meet minimum release prices before Construction Lender releases its lien on Units
• Sponsor cannot rent or market unsold Units without Construction Lender's prior approval
• Construction Loan does not require minimum number of Purchase Agreements before plan effectiveness
• Plan term extended

Amendment 4 Nov 7, 2024

Fourth Amendment extends the offering plan term and updates FinCEN disclosure requirements.

• FinCEN Geographic Targeting Order reporting threshold is $300,000
• FinCEN order currently in effect until April 14, 2025
• Purchasers must deliver required documents to title company at closing for FinCEN compliance
• Failure to deliver FinCEN documents is an Event of Default under Purchase Agreement
• Construction projected to permit closings during First Year of Condominium Operation

Amendment 3 May 3, 2024

Changes escrow bank to Citizens Bank, updates sponsor address, and provides new real estate tax opinion reflecting 2024/2025 assessed values.

• Escrow bank changed to Citizens Bank (1270 Avenue of the Americas, NY) with approximately 5% interest rate
• Sponsor address changed to 134 Charles Street, New York, NY 10014
• New real estate tax opinion letter with 2024/2025 assessed values (Exhibit A)
• Updated Schedule A consistent with new tax opinion (Exhibit B)
• Building contains eight residential units; initial budget year begins July 1, 2026
• Construction expected completion January 2026
• Tax Class 2C applies (condo with 10 or fewer units); 2023/2024 rate $12.502 per $100 assessed value
• Extends term of offering plan

Amendment 2 Mar 19, 2024

Second amendment updates Schedule A with current offering prices for unsold units.

• Schedule A updated with current offering prices for unsold residential units and parking spaces
• First year of condominium operations period: July 1, 2026 to June 30, 2027
• Total building purchase price: $260,900,000
• 7 residential units listed with prices ranging from $11,950,000 to $85,000,000
• 2 parking spaces listed at $1,000,000 each
• Schedule A prices increased for 3 homes (median +6.7%): TH E a.k.a 740 Greenwich St $30,000,000 → $32,000,000; 3 W $18,950,000 → $19,950,000; PH E $70,000,000 → $85,000,000

Amendment 1 Aug 18, 2023

Amendment updates the First Year of Condominium Operation to commence July 1, 2026, with revised Schedule A offering prices, Schedule B budget, and related documentation.

• First Year of Condominium Operation projected to commence July 1, 2026
• First Closing date amended to July 1, 2026
• Schedule A updated with current offering prices: units range from $11,950,000 to $75,000,000; parking spaces $1,000,000 each
• Schedule B budget year July 1, 2026 to June 30, 2027
• Updated real estate tax projections and Common Charges
• Real estate tax section amended per updated Schedule A Footnote 6