134 West End Avenue Condominium

Amendment 8 Nov 30, 2015

Amendment updates sponsor financial disclosures, revises escrow procedures per new Department of Law regulations, and provides 2016 budget.

• Sponsor holds unsold units #1A, PS2, PS3 with total common charges of $380.00
• Sponsor monthly rental income from unsold units is $2,100.00
• Sponsor relinquished board control November 18, 2009; board members are Inna Tverskoy, Alla Ivnitskaya, and Rusian Shalumov
• Financial statements for 2011–2014 not prepared; 2016 budget attached
• Common charges increased effective November 1, 2015
• Escrow agent changed to Allen, Morris, Troisi & Simon LLP at 112 East 19th Street, New York, NY; escrow account at Signature Bank, 200 Park Avenue South, Suite 501, New York, NY
• Escrow account federally insured by FDIC at maximum $250,000.00 per deposit
• 2016 budget: estimated income $47,184.00, estimated expenses $45,220.00, surplus $1,964.00

Amendment 7 May 14, 2012

Sponsor holds four unsold units with specified financial obligations and common charges; Board of Managers no longer controlled by Sponsor as of November 18, 2009.

• Sponsor holds unsold units #1A, PS1, PS2, PS3
• Total common charges for Sponsor units: $375.75
• Total monthly rent from Sponsor units: $2,050.00
• No financial obligations due within 12 months other than maintenance or common charges
• No unsold units subject to mortgages or financing commitments
• Sponsor relinquished Board control November 18, 2009; current Board: Inna Tverskoy (President), Ruslan Shalumov (Secretary), Leonid Greenberg (Treasurer)
• Building operates under 2011 budget; financial statement for year ending December 31, 2010 attached

Amendment 6 Nov 30, 2010

Sixth amendment updates sponsor financial disclosures, board composition, and includes 2009 financial statements and current budget.

• Sponsor holds unsold units #1A, 6A, PS1, PS2, PS3 & PS4
• Total common charges for sponsor units: $774.09
• Total monthly rents from sponsor units: $191.00
• Sponsor has no financial obligations due within 12 months
• No unsold units subject to mortgages or financing commitments
• Sponsor relinquished control November 18, 2009; board members: Inna Tverskoy (President), Anna Polanskaya (Secretary), Victor Chemerisov (Treasurer)
• Financial statement for year ended December 31, 2009 and June 30, 2010 attached
• Current budget for condominium attached

Amendment 5 Nov 17, 2009

Fifth amendment updates sponsor holdings, mortgage details, board officers, and first-year operating budget with reserve fund.

• Sponsor holds 9 unsold units: #1A, 2B, 3A, 5A, 5B, 6A, PS1, PS2, PS3, PS4
• Total common charges for sponsor units: $2,043.91
• Mortgage of $580,712.00 at 7.05% held by Community Preservation Corporation; monthly interest payment $3,600.00
• Mortgage due January 2010, in process of being extended in six-month intervals
• Board officers: Berta Gurfel (President), Helen Gurfel (Vice President), Alexander Ned (Secretary/Treasurer)
• First-year budget revised with $4,366.00 reserve fund to be funded by sponsor
• Total projected first-year income: $48,025.00; total projected expenses: $48,025.00
• Certification of expert (Rita Knox Realty Inc.) confirming Schedule B adequacy

Amendment 4 Jun 9, 2009

Amendment documents the first closing completed March 18, 2009, updates sponsor holdings, financial obligations, and mortgage details.

• First unit closed March 18, 2009
• Certificate of occupancy issued March 6, 2009
• Declaration filed November 14, 2008
• Working Capital Fund of $11,812.79 deposited
• Sponsor holds 8 unsold units: #1A, 2B, 3A, 4A, 5A, 5B, 6A, 7A
• Total common charges for sponsor units: $2,929.72
• Sponsor owes $2,500.00 to Working Capital Fund
• Mortgage of $1,397,250.00 held by Community Preservation Corporation

Amendment 3 Oct 28, 2008

Amendment declares the Offering Plan effective based on execution of Purchase Agreements for three residential units representing 30% of units offered.

• Plan declared effective October 15, 2008 upon execution of 3 Purchase Agreements
• 9 residential units and 1 commercial unit being offered for sale
• Sponsor accepted Purchase Agreements for 4 residential units total
• Unit 7A purchased by Berta Gurfel (Sponsor principal) not counted toward effectiveness
• Units 3B, 5A, 6A counted toward effectiveness (all vacant units, bona fide purchasers)
• 3 units = 30% minimum needed to declare Plan effective

Amendment 2 Jul 31, 2008

First Year of Operation changed to January 1–December 31, 2009; first closing expected by January 1, 2009; physical changes to building layout and one unit; revised floor plans and schedules attached.

• First Year of Operation: January 1, 2009 to December 31, 2009
• First closing expected by January 1, 2009
• Purchasers who executed agreements before amendment may rescind within 15 days of amendment presentation
• Parking Space 4 increased to 355 square feet
• Sprinkler room moved from community room to common area on first floor
• Bathroom location in Unit 5B changed
• Revised floor plans and Schedule A attached

Amendment 1 Aug 14, 2007

Floor plans revised for closets and bathroom/room configurations; three sponsor-held unit prices increased; electricity budget projection revised.

• Unit 1A price increased to $390,000.00
• Unit 3B price increased to $680,000.00
• Unit 5B price increased to $650,000.00
• Electricity budget revised to $23,659.00 for first year of operation
• Floor plans for apartment closets, bathroom configurations, and room configurations changed
• Addendum to Description of Property Report dated July 26, 2007 annexed
• Square footage on Schedule A and Schedule B remain unchanged