140 Jane Street Condominium

Amendment 4 Dec 30, 2025

Amendment confirms recertified first-year budget, raises Unit 3N price to $27,000,000, and discloses FinCEN Geographic Targeting Order and OBBB tax law changes affecting purchasers.

• Unit 3N offering price raised to $27,000,000.00
• Schedule B recertified by Penmark Advisors for September 1, 2026 – August 31, 2027
• FinCEN Geographic Targeting Order effective October 10, 2025 requires purchaser compliance; order expires February 28, 2026
• One Big Beautiful Bill Act effective July 4, 2025 changes federal tax law; SALT deduction increased to $40,000 (rising to $40,400 in 2026, 1% annually through 2029, reverting to $10,000 in 2030)
• Plan's prior income tax disclosures now inaccurate due to OBBB changes; purchasers advised to consult tax expert

Amendment 3 Dec 1, 2025

Offering prices for two penthouses are increased.

• Unit 4N price raised to $27,000,000.00
• Unit 4S price raised to $15,500,000.00
• Price changes do not affect existing Purchase Agreements

Amendment 2 Jul 1, 2025

Plan declared effective after 11 of 15 units sold, escrow agent and banks designated, arbitration procedures established, Geographic Targeting Order compliance required, and Unit 2S price raised to $13,950,000.00.

• Plan declared effective July 1, 2025 with 11 units sold (73.33% of 15 residential units)
• Escrow Agent changed to Adler & Stachenfeld LLP at 555 Madison Avenue, 6th Floor
• Purchaser deposits held at JPMorgan Chase Bank and/or Webster Bank, FDIC insured to $250,000 maximum
• Unit 2S offering price set to $13,950,000.00
• Binding arbitration required in New York County for all disputes; purchaser must give written notice to Sponsor first
• Purchaser responsible for complying with updated FinCEN Geographic Targeting Order effective April 14, 2025
• Sponsor's counsel designated as Adler & Stachenfeld LLP for amending plan and conducting closings