137 4th Avenue Condominium

Amendment 4 2022

Amenities Easement Fee increased in the budget, with projected Common Charges updated on Schedule A accordingly.

• Amenities Easement Fee increased from $7,000 per year to $8,050 per year
• Budget increased by approximately 1.4% overall
• Projected Monthly Common Charges updated for all units to reflect the fee increase

Amendment 3 Apr 18, 2022

Plan declared effective after sponsor accepted purchase agreements for two residential units representing 28% of units offered.

• Plan declared effective; two residential units purchased (28% of seven units counted toward effectiveness)
• No material changes to budget for first year of condominium operations

Amendment 2 Oct 29, 2021

Amendment changes unit names, projects first closing for July 1, 2022, increases video intercom budget, and updates Schedule A offering prices.

• Unit names simplified: retail units renamed C1 and C2; numbered units 1-7 renamed 2-7; penthouse remains PH
• First closing projected for on or about July 1, 2022
• Video intercom budget increased from $1,350 to $2,385 per year
• Schedule A updated with new offering prices and carrying charges
• Schedule A prices increased for 1 home (median +6.0%): 2 $2,250,000 → $2,385,000
• Schedule A prices decreased for 4 homes (median -2.0%): 3 $2,350,000 → $2,250,000; 4 $2,400,000 → $2,350,000; 5 $2,450,000 → $2,400,000; 6 $2,500,000 → $2,450,000

Amendment 1 Aug 24, 2021

Amendment changes sponsor's counsel, adds shared amenities with neighboring building, updates three unit prices, increases budget items for sprinkler service and amenities fee, revises common interest percentages, and clarifies commercial unit rights.

• Sponsor's counsel changed from Jeffrey Zwick & Associates, P.C. to Marcus Attorneys PLLC
• Units 1, 2, and 3 offering prices: $2,385,000, $2,250,000, $2,350,000
• Residential units gain access to neighboring building's gym, children's playroom, package room, and concierge/doorman services for $7,000 per year ($583.33 monthly)
• Sprinkler system service contract budget increased from $800 to $1,810 per year
• Percentages of common interest for all units amended
• Commercial units may be reconfigured, subdivided, combined, or rented without board or owner approval
• Board cannot allocate specific expenses to commercial units if owners pay them directly
• Schedule A prices increased for 1 home (median +1.9%): 1 $2,340,000 → $2,385,000
• Schedule A prices decreased for 2 homes (median -1.1%): 2 $2,350,000 → $2,250,000; 3 $2,375,000 → $2,350,000