141 East Third Street

Amendment 38 Jun 5, 2025

This amendment updates the unsold share price, the 2025 budget and maintenance figures, tax-appeal fee terms, financial statement availability, and several sponsor disclosures.

• Current price of unsold shares is $6,950.00 per share
• No maintenance increase effective January 1, 2025, per the 2025 budget
• Monthly maintenance is $13.74 per share per month, with ongoing assessment of $1.4844 per share per month
• Monthly rent ($28,814.48) is less than monthly maintenance and assessment ($53,450.00); sponsor is funding the shortfall from cash reserves
• Tax certiorari attorneys to receive 12.5% of tax savings if successful; no legal fees payable directly by unit owners
• 2024 audited financial statement not yet available; 2023 audited statement attached as Schedule B
• Sponsor has fully funded the Reserve Fund
• Building smoking policy adopted August 28, 2018, allowing smoking in units but not common areas

Amendment 36 Apr 12, 2023

This Thirty-Sixth Amendment updates the offering plan with the 2021 audit and 2023 budget, a tax certiorari disclosure, a Sponsor shortfall-funding disclosure, and revised smoking, tax, and resale-contract disclosures.

• 2021 audit attached as Schedule B; 2022 audit not yet available
• 2023 budget attached as Schedule C, with a 4.5% maintenance increase
• Tax certiorari proceedings for 2020/2021, 2021/2022 and 2022/2023 tax years; attorneys receive 12.5% of tax savings, on a contingency basis
• Sponsor is funding the shortfall between monthly income and expenses
• Smoking policy adopted August 28, 2018 (Schedule D): smoking allowed in units, prohibited in common areas
• Sponsor resale contract revised to add paragraph 42 about the building (Schedule E)
• Purchaser, not Sponsor, must pay the Mansion Tax at closing; Sponsor pays other NYC and NYS transfer taxes
• Tax projections may be inaccurate after the 2017 federal tax law change; purchasers should consult a tax expert

Amendment 35 Dec 15, 2021

This amendment discloses the current unsold share price and maintenance, a rent shortfall the Sponsor is covering, a 2021 exterior project paid from reserves without an assessment, a contingency-fee tax certiorari effort, and updated transfer tax and smoking policies.

• Current price of unsold shares is $6,950.00 per share
• Monthly maintenance currently $11.9405 per share per month; Sponsor not in arrears
• 8.21% maintenance increase effective March 1, 2021
• Monthly rent ($33,632.00) is less than monthly maintenance ($46,377.00); Sponsor funds the shortfall from cash reserves
• Approximately $1,400,000.00 exterior construction completed in 2021 from reserves, with no assessment
• Tax certiorari attorneys engaged for 2020/2021 and 2021/2022; 12.5% of tax savings as fee, contingency basis
• Sponsor pays NYC and NYS transfer taxes on resale except the Mansion Tax, per amended Tax Law Section 1404(a) effective July 1, 2021
• Smoking allowed in units but prohibited in common areas, adopted August 28, 2018

Amendment 34 2020

This amendment updates the unsold-share list, prices, maintenance, budgets and smoking policy, adds tax and regulatory disclosures, and extends the Plan for twelve months.

• Unsold shares listed: 20 apartments, 3,884 shares (Schedule A, November 2020)
• Current unsold share price: $6,950.00 per share
• Current maintenance: $11.0345 per share per month
• Unsold units' monthly rent ($33,495.00) is less than monthly maintenance ($42,858.00); Sponsor funds the shortfall from existing cash reserves and has fully funded the Reserve Fund
• 2019 audited financial statements (Schedule B) and 2020 budget (Schedule C) attached; 2021 budget to be requested when available
• Smoking policy added: smoking allowed in units, prohibited in common areas (Schedule D; resale rider paragraph 42 in Schedule E)
• Tax disclosure added: Tax Cuts and Jobs Act may make the Plan's tax information inaccurate; consult a tax expert
• Plan extended for an additional twelve (12) month period

Amendment 33 2019

This amendment updates the unsold-share price and monthly maintenance, reports the sponsor's reserve funding and rent shortfall, lists the unsold apartments, adds tax and smoking-policy disclosures, and extends the plan for twelve months.

• Current price of unsold shares is $6,950.00 per share
• Monthly maintenance charge is currently $10.2742 per share per month
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation due within the next twelve (12) months
• Sponsor funds the shortfall from existing cash reserves: monthly rent of unsold units ($33,684.00) is less than monthly maintenance ($41,703.00)
• Schedule A lists 21 unsold apartments totaling 4,059 shares (October 2019); none are used as collateral for financing
• Plan extended for an additional twelve (12) month period
• Added disclosures on the Tax Cuts and Jobs Act of 2017, which may make tax projections inaccurate, and the New York State supplemental conveyance tax from March 31, 2019
• Smoking policy adopted August 28, 2018: smoking allowed in units, prohibited in common areas

Amendment 32 2018

This amendment updates the unsold share list, current share prices and maintenance, a 2018 mortgage refinancing and credit line, a rent shortfall the sponsor is covering, a new smoking policy, and a twelve-month extension of the plan.

• Unsold shares listed: 21 apartments, 4,059 shares (October 2018)
• Current price of unsold shares: $6,950.00 per share
• Monthly maintenance charge: $9.6148 per share per month
• Mortgage refinanced October 25, 2018: $5,000,000.00 from National Consumer Cooperative Bank (NCB), 4.47% fixed, maturing November 1, 2028
• $500,000.00 line of credit, maturing November 1, 2028; no monies advanced at closing
• Monthly rent of $33,580.00 is less than monthly maintenance of $39,022.00; sponsor funds the shortfall from cash reserves
• Smoking allowed in units but prohibited in common areas (adopted August 28, 2018)
• Plan terms extended for twelve (12) months; tax information may be inaccurate under the Tax Cuts and Jobs Act of 2017

Amendment 31 2017

This amendment updates the unsold share list, current share price and maintenance charge, attaches the 2016 audited financials and 2017 budget, discloses that sponsor is covering a rent shortfall and explains J-51 deregulation rules, and extends the plan's terms for 12 months.

• Unsold shares listed on Schedule A: 21 apartments, 4,059 shares, as of October 2017
• Current price of unsold shares is $6,950.00 per share
• Monthly maintenance charge is currently $9.4253 per share per month
• Monthly rent ($33,555.00) is less than monthly maintenance ($38,527.00); sponsor is funding the shortfall from existing cash reserves
• Reserve Fund fully funded; no sponsor financial obligations to the corporation within the next 12 months
• 2016 audited financial statements attached as Schedule B; 2017 budget attached as Schedule C
• J-51 disclosure: no units deregulated under High Rent Deregulation Provisions; buyers of occupied units should consult counsel
• Plan terms extended for an additional twelve (12) month period

Amendment 30 2016

This amendment discloses the sponsor's 21 remaining unsold apartments and their $6,950.00 per-share price, notes that the sponsor is covering a monthly rent shortfall, adds J-51 tax abatement and deregulation disclosures, and extends the plan terms for twelve months.

• Unsold shares listed: 21 apartments totaling 4,059 shares (Schedule A, October 2016)
• Current price of unsold shares is $6,950.00 per share
• Monthly maintenance charge is $8.6470967 per share per month
• Monthly rent ($32,706.00) is less than monthly maintenance ($35,098.00); sponsor funds the shortfall from existing cash reserves
• Plan terms and conditions extended for an additional twelve (12) month period
• J-51 Tax Abatement and High Rent Deregulation disclosure added (Roberts v. Tishman Speyer); no units deregulated
• 2015 audited financial statement attached as Schedule B and 2016 budget attached as Schedule C
• Sponsor states the Reserve Fund is fully funded and no unsold shares are used as collateral

Amendment 29 Nov 23, 2015

The amendment updates the unsold share list, the current unsold share price and maintenance charge, the sponsor's reserve and rent-shortfall disclosures, and the high-rent deregulation (Roberts) disclosure, and extends the Plan for twelve months.

• Unsold share price is $6,950.00 per share
• Schedule A lists 21 unsold apartments totaling 4,059 shares, with total monthly rent of $31,472 and total monthly maintenance of $31,266
• Plan terms extended for an additional twelve (12) month period
• Monthly maintenance charge is currently $7.703 per share per month
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation due within the next twelve (12) months
• Monthly rent exceeds monthly maintenance; Sponsor will fund any shortfall from existing cash reserves
• No unsold shares are used as collateral for any financing arrangements
• Disclosure on J-51 tax abatement and high-rent deregulation after the Roberts v. Tishman Speyer decision; no units have been deregulated

Amendment 28 Nov 4, 2014

This twenty-eighth amendment updates the unsold-share price, maintenance charge, and unsold-share inventory, adds sponsor funding and rent-regulation disclosures, and extends the plan for twelve more months.

• Current price of unsold shares is $6,950.00 per share
• Plan extended for an additional twelve (12) month period
• Unsold shares listed on Schedule A: 22 apartments, 4,293 shares, total monthly rent $34,698.00 and total monthly maintenance $32,106.00
• Monthly maintenance charge currently $7.4787 per share per month
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation due within the next twelve months
• Disclosure added on J-51 tax abatement and high-rent deregulation after the Roberts decision; no units have been deregulated
• Schedules attached: 2012 audited financial statement (B), 2014 budget (C), and 2013 audited financial statement (D)

Amendment 27 Dec 14, 2012

This amendment updates the unsold share price, monthly maintenance, the building mortgage, the escrow rules for purchase deposits, and several sponsor disclosures.

• Current price of unsold shares is $6,950.00 per share
• Current monthly maintenance charge is $83.40
• Monthly rent ($27,962.00) is less than monthly maintenance ($30,739.00); Sponsor is funding the shortfall from existing cash reserves
• Mortgage refinanced on November 7, 2012 with NCB, FSB: $2,850,000.00 at 3.84% fixed, maturing January 1, 2022
• Revised escrow procedure: Cutler Minikes & Adelman LLP is escrow agent, with deposits held at Hudson Valley Bank under new Documents E-1, E-2 and E-3
• J-51 tax abatement and high-rent deregulation disclosure added, citing Roberts v. Tishman Speyer Properties; no units have been deregulated
• Schedule A lists unsold shares; Schedule B is the 2011 audited financial statement; Schedules C and D are the 2012 and 2013 budgets
• Sponsor has fully funded the Reserve Fund, has no financial obligations to the Apartment Corporation due within twelve months, and no unsold shares are used as collateral

Amendment 26 Nov 30, 2011

This amendment updates the sponsor's disclosures on the 23 unsold apartments (4,423 shares), including their current price, the monthly maintenance charge, a rent shortfall the sponsor is funding, the effect of the Roberts decision on rent deregulation, attached 2010 financials and 2011 budget, and a 12-month extension of the plan.

• Current price of unsold shares is $6,950.00 per share
• Monthly maintenance charge is currently $77.22 ($6.4349 per share per month) per share per annum
• Monthly rent ($26,297.00) is less than monthly maintenance ($28,462.00); sponsor is funding the shortfall from existing cash reserves
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation within the next twelve (12) months
• Roberts v. Tishman Speyer Properties (N.Y. Court of Appeals, October 2009) disclosed; no units have been deregulated under the High Rent Deregulation Provisions
• 2010 audited financial statement attached as Schedule B and 2011 budget attached as Schedule C
• Plan terms extended for an additional twelve (12) month period
• Board control relinquished to tenant-shareholders in 1995; current board includes sponsor members Jerome Deutsch and Paul Deutsch

Amendment 25 Nov 12, 2010

This Twenty Fifth Amendment updates the unsold-share price and maintenance charge, discloses that the sponsor is covering a monthly shortfall from its cash reserves, adds a J-51 rent-deregulation disclosure, and extends the Plan for twelve more months.

• Current price of unsold shares is $6,950.00 per share
• Monthly maintenance charge currently $71.50
• Monthly rent ($25,087.00) is less than monthly maintenance ($26,353.00); Sponsor is funding the shortfall from existing cash reserves
• 23 unsold apartments listed on Schedule A, totaling 4,423 shares (August 2010)
• Plan extended for an additional twelve (12) month period
• No units deregulated under High Rent Deregulation Provisions; J-51 and Roberts v. Tishman Speyer disclosure added, with prospective purchasers advised to consult counsel
• Sponsor has no financial obligations to the Apartment Corporation due within the next twelve months; Reserve Fund fully funded; unsold shares not used as collateral
• Attached: 2008 and 2009 audited financial statements and 2010 budget

Amendment 24 Aug 13, 2009

This amendment updates the sponsor's disclosures for the 23 unsold shares, including their $6,950.00 per-share price and the finding that monthly maintenance exceeds monthly rent, and extends the plan's terms for twelve months.

• Current price of unsold shares is $6,950.00 per share
• Plan terms extended for an additional twelve (12) month period
• Monthly maintenance ($23,957.00) exceeds monthly rent ($23,715.00); Sponsor will fund any additional monies if and when necessary from existing cash reserves
• Current monthly maintenance charge is $65.00 ($5.4166 per share per month) per share per annum
• 23 unsold apartments totaling 4,423 shares listed on Schedule A
• No unsold shares are used as collateral for any financing arrangements
• Sponsor has no financial obligations to the Apartment Corporation due within the next twelve (12) months and has fully funded the Reserve Fund
• A four (4%) percent maintenance increase was instituted in January 2009

Amendment 23 Jun 25, 2008

The amendment sets the current price of unsold shares at $6,950.00 per share, extends the plan's terms for twelve more months, and reports the sponsor's funding status, unsold shares, maintenance charge and attached 2006 financials and 2008 budget.

• Current price of unsold shares is $6,950.00 per share
• Plan's terms and conditions extended for an additional twelve (12) month period
• Schedule A lists 23 unsold apartments totaling 4,423 shares
• No financial obligations of Sponsor to the Apartment Corporation within the next twelve (12) months; Reserve Fund fully funded
• No unsold shares used as collateral for any financing arrangements
• Monthly rent and commercial rent ($24,568.00) exceeds monthly maintenance ($23,036.00); Sponsor to fund extraordinary expenses if necessary
• Monthly maintenance charge currently $62.50 ($5.2083 per share per month) per share per annum
• Schedule B adds 2006 audited financial statement; Schedule C adds 2008 budget

Amendment 22 May 21, 2007

This amendment updates unsold-share prices and maintenance, attaches a list of 25 unsold units, a 2005 audited financial statement and a 2007 budget, and extends the Plan's terms for twelve months.

• Current price of unsold shares is $5,950.00 per share
• Monthly maintenance charge is currently $62.48 per share per annum
• Schedule A lists 25 unsold apartments totaling 4,680 shares, as of April 18, 2007
• Plan terms extended for an additional twelve (12) month period
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation due within the next twelve (12) months
• Unsold shares are not used as collateral for any financing arrangements
• Monthly rent and commercial rent ($26,090.00) exceed monthly maintenance ($24,375.00); Sponsor will fund extraordinary expenses if necessary
• Board control relinquished to tenant-shareholders in 1995; current board listed, including sponsor members Jerome Deutsch and Paul Deutsch

Amendment 21 Apr 10, 2006

This amendment updates the unsold share list and price, maintenance charge, sponsor obligations, commercial space control, and board makeup, and extends the plan's terms for twelve months.

• Current price of unsold shares is $3,950.00 per share
• Schedule A lists 25 unsold apartments totaling 4,680 shares, with total monthly maintenance/rent of $24,101
• Monthly maintenance is currently $62.48 per share per annum
• Sponsor has no financial obligations to the Apartment Corporation due within the next twelve (12) months, and the Reserve Fund is fully funded
• None of the unsold shares are used as collateral for any financing arrangements
• Sponsor relinquished control of the commercial space on December 31, 2005; the Apartment Corporation is now landlord of the stores on the Avenue A side
• Plan terms extended for an additional twelve (12) month period
• Board: tenant-shareholders Jeannie Licausi, Zach Mortensen and Franklin Rothman; sponsor members Jerome Deutsch and Paul Deutsch

Amendment 20 Feb 22, 2005

The Twentieth Amendment updates the unsold share price, maintenance charge, and sponsor disclosures, lists the remaining unsold apartments, attaches the 2003 audited financials, and extends the plan for twelve months.

• Current price of unsold shares is $3,950.00 per share
• Monthly maintenance charge is currently $62.48 per share per annum
• Schedule A lists 26 unsold apartments totaling 4,760 shares (as of January 3, 2005)
• Plan extended for an additional twelve (12) month period
• Sponsor has fully funded the Reserve Fund and has no financial obligations due to the Apartment Corporation within the next twelve months
• Monthly rent ($39,345.00) exceeds monthly maintenance ($29,804.00); sponsor will fund extraordinary expenses if necessary
• Board control was relinquished to tenant-shareholders in 1995; current board includes tenant and sponsor members
• 2003 audited financial statement attached as Schedule B

Amendment 19 Dec 31, 2003

This Nineteenth Amendment sets the unsold share price at $3,200.00, updates the maintenance charge and unsold share list, makes Sponsor disclosures about its obligations and financing, and extends the Plan for twelve months.

• Price of unsold shares is $3,200.00 per share
• Plan terms extended for an additional twelve (12) month period
• Monthly maintenance charge is $5.7644 per share per month
• Schedule A lists 30 unsold apartments totaling 5,225 shares as of July 1, 2003
• Sponsor has no financial obligations to the Apartment Corporation within the next twelve (12) months and has fully funded the Reserve Fund
• None of the unsold shares are used as collateral for financing
• Sponsor will fund extraordinary expenses if and when necessary
• Attached Schedule B is the 2002 audited financial statement

Amendment 18 Jul 10, 2002

This Eighteenth Amendment extends the plan for twelve months, sets the unsold share price at $2,200.00, lists 31 unsold apartments, and updates the sponsor's funding, collateral and maintenance disclosures.

• Plan terms extended for an additional twelve (12) month period
• Current price of unsold shares is $2,200.00 per share
• Monthly maintenance charge is currently $4.25 per share per month
• 31 unsold apartments (5,412 shares) listed on Schedule A as of June 1, 2002
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation due within twelve (12) months
• Monthly rent ($32,373.00) exceeds monthly maintenance ($27,120.00), so Sponsor need not fund the difference; Sponsor will fund extra monies if necessary for extraordinary expenses
• None of the unsold shares are used as collateral for any financing arrangements
• 2000 audited financial statement attached as Schedule B

Amendment 17 Jun 13, 2001

This amendment updates the list of unsold shares and their rents and maintenance, sets the current price of unsold shares, confirms the sponsor's reserve funding and lack of collateral, extends the plan for twelve months, and attaches the 1999 audited financial statements.

• Current price of unsold shares is $2,200.00 per share
• Monthly maintenance charge is currently $4.1667 per share per month
• Schedule A lists unsold shares with their monthly rent and maintenance as of May 31, 2001
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation within the next twelve (12) months
• None of the unsold shares are used as collateral for any financing arrangements
• Plan terms extended for an additional twelve (12) month period
• Board control was relinquished to tenant-shareholders in 1995; current board is Jeannie Licausi, Miriam Sirota and Michael Sansonia (tenant members) and Jerome Deutsch and Paul Deutsch (sponsor members)
• Schedule B attaches the 1999 audited financial statement of the Apartment Corporation

Amendment 16 May 5, 2000

This Sixteenth Amendment sets current unsold-share prices and maintenance, discloses a 1999 wraparound mortgage extension, lists unsold shares and attaches the 1998 audited financials, and extends the plan's terms for twelve months.

• Current price of unsold shares is $2,200.00 per share
• Monthly maintenance charge is $3.93 per share per month
• Wraparound mortgage extended December 22, 1999: $1,500,000.00 at nine (9%) percent per annum, maturing December 31, 2005, prepayable on or after December 31, 2003 on six (6) months advance notice without penalty
• Plan terms and conditions extended for an additional twelve (12) month period
• Schedule A added: 38 unsold apartments (6,353 shares) with monthly rent of $27,181.31 and monthly maintenance of $25,003.95
• Sponsor has fully funded the Reserve Fund and has no financial obligations to the Apartment Corporation within the next twelve (12) months
• None of the unsold shares are used as collateral for any financing arrangements
• Schedule B adds the 1998 audited financial statement of the Apartment Corporation

Amendment 15 Feb 23, 1999

This fifteenth amendment lists the unsold shares with their rent and maintenance schedules, extends the wraparound mortgage and the plan's terms, and updates sponsor funding, board control and principal disclosures.

• Schedule A lists 42 unsold apartments (6,937 shares) at monthly rent $27,761.85 and monthly maintenance $27,246.73
• Wraparound mortgage extended as of February 1, 1998: $1,200,000.00 at nine (9%) percent, maturing February 1, 2003, prepayable on or after February 1, 2000 on six (6) months notice without penalty
• Plan terms and conditions extended for an additional twelve (12) month period
• Monthly maintenance charge currently $3.93 per share per month
• Sponsor reports no financial obligations to the Apartment Corporation within the next twelve (12) months and a fully funded Reserve Fund
• Sponsor will fund extraordinary expenses if and when necessary
• Board is controlled by tenant-shareholders (Jeannie Licausi, Frank Chaney, Michael Sansonia) with sponsor members Jerome Deutsch and Paul Deutsch
• 1997 audited financial statement attached as Schedule B

Amendment 14 Jan 7, 1998

This Fourteenth Amendment extends the plan's terms for twelve months, updates the Reserve Fund funding status, lists the unsold shares with their rents and maintenance as of December 18, 1997, and discloses the current monthly maintenance charge, board control, and sponsor principals' holdings in other buildings.

• Plan terms and conditions extended for an additional twelve (12) month period
• Reserve Fund: $556,238.58 delivered; additional $45,148.00 due by December 31, 1996; balance of $43,761.42 due by August 1, 1998
• Monthly maintenance charge currently $3.83 per share per month
• Schedule A lists unsold shares as of December 18, 1997, with monthly rent and maintenance for each
• Monthly rent of unsold shares ($29,263.30) exceeds monthly maintenance ($28,043.37); Sponsor to fund extraordinary expenses if necessary
• None of the unsold shares are used as collateral for any financing
• Board control relinquished to tenant-shareholders in 1995; board has three tenant-shareholder members and two sponsor members
• Jerome Deutsch and Milton Herman, as Sponsor principals, each control 10% of shares in other listed buildings; audited financial statements attached as Schedule B

Amendment 13 Dec 16, 1996

The Thirteenth Amendment updates the unsold-share schedule with rents and maintenance, reports Reserve Fund funding and sponsor disclosures, attaches 1995 audited financials, sets the maintenance charge at $3.83 per share per month, and extends the plan's terms for 12 months.

• Schedule A lists unsold shares: 48 apartments, 7,927 shares, monthly rent $40,381.12 and monthly maintenance $32,823.51 (grand totals)
• Monthly rent exceeds monthly maintenance, so the sponsor need not fund the difference; it will fund extraordinary expenses if necessary
• Reserve Fund: $501,910.58 delivered so far; sponsor pays 3% of each unit's purchase price on sales; $45,148.00 due by December 31, 1996; $52,941.42 balance due by August 1, 1998
• Monthly maintenance charge is currently $3.83 per share per month
• Plan terms extended for an additional twelve (12) month period
• Board control was relinquished to tenant-shareholders in 1995; board includes three tenant members and two sponsor members (Jerome Deutsch and Paul Deutsch)
• Sponsor principals Jerome Deutsch and Milton Herman each control 10% of shares in other listed buildings; sponsor says it is current on those plans
• 1995 audited financial statement attached as Schedule B

Amendment 12 Oct 27, 1995

This amendment discloses the sponsor's unsold shares and their rent and maintenance, reports that board control passed to tenant-shareholders, attaches the 1994 audited financial statement and 1995 budget, and extends the plan's terms by twelve months.

• Plan terms extended for an additional twelve (12) month period
• Board control relinquished to tenant-shareholders earlier this year
• Schedule A lists 50 unsold apartments with 8,244 shares, monthly rent $31,971.85 and monthly maintenance $29,007.40
• Monthly maintenance charge remains at $3.625 per share per month
• Schedule C attached: 1995 budget for the Apartment Corporation
• Schedule B attached: 1994 audited financial statement of the Apartment Corporation
• Sponsor reserve fund payments set at three (3%) percent of purchase price as units sell, with eight and one half (8 1/2) years after closing to fully fund
• None of the unsold shares are used as collateral for any financing

Amendment 11 Oct 25, 1994

The sponsor lists its unsold apartments and stores with their rent and maintenance, sets the date for handing board control to tenant-shareholders, attaches the 1993 audit and 1994 budget, and extends the plan terms for twelve months.

• Schedule A lists unsold shares as of October 10, 1994, with rent and maintenance schedules (56 apartments, 9,176 shares)
• Sponsor's control of the board ends at the earlier of the sale of approximately five additional apartments or five years from closing (February 1, 1995)
• Monthly maintenance charge is $3.625 per share per month
• Plan terms extended for an additional twelve (12) month period
• Sponsor pays 3% of the purchase price on each unit sold toward the Reserve Fund and has five years after closing to fully fund it
• 1993 audited financial statement (Schedule B) and 1994 budget (Schedule C) attached
• Unsold shares are not used as collateral for any financing
• Sponsor discloses 10% holdings of Jerome Deutsch and Milton Herman in other buildings

Amendment 10 Oct 29, 1993

The amendment adds a schedule of unsold shares with their rent and maintenance charges, discloses the Sponsor's reserve fund obligations and board control, sets the maintenance charge at $3.63 per share per month, extends the Plan's terms by twelve months, and attaches the 1992 audited financial statement.

• Schedule A added listing unsold shares with their rent and maintenance charges
• Monthly rent ($42,834.96) exceeds monthly maintenance ($36,346.95), so Sponsor need not fund the difference, but will fund extraordinary expenses if necessary
• Sponsor's only obligations to the Apartment Corporation over the next twelve months are Reserve Fund contributions: 3% of purchase price per unit sold, fully funded within five years of closing
• Sponsor-controlled board to be relinquished at the earlier of the sale of approximately five additional apartments or five years from closing
• Monthly maintenance charge is $3.63 per share per month
• Plan terms and conditions extended for an additional twelve months
• 1992 audited financial statement attached as Schedule B
• No formal annual budget was prepared; last year's costs were used as a guideline

Amendment 9 Nov 4, 1992

The OCR text is unreadable, so this amendment's changes to the offering plan cannot be determined.

Amendment 8 Aug 12, 1992

The OCR text is too garbled to identify any changes to the offering plan.

Amendment 7 Aug 1, 1991

The amendment text is unreadable OCR noise with no legible words, so no changes to the plan can be identified.

Amendment 6 Aug 15, 1990

The OCR text is too garbled to identify any changes this amendment makes to the offering plan.

Amendment 5 May 31, 1990

The amendment text is too garbled by OCR to identify any changes to the offering plan.

Amendment 4 Feb 28, 1990

The OCR text is unreadable garbage characters with no legible words, so no changes to the plan can be identified.

Amendment 3 Oct 23, 1989

The amendment text is unreadable OCR noise, so no plan changes can be identified.

Amendment 1 Jul 5, 1989

The OCR text is unreadable garbage characters, so no changes to the plan can be identified.