164 South Oxford Street Condominium

Amendment 15 2018

Amendment changes the selling agent to Corcoran Group and provides a financial update showing one unsold residential unit.

• Selling Agent changed to Corcoran Group at 1 Pierrepont Plaza, 15th Floor, Brooklyn, NY 11201
• One residential unit remains unsold: PH/SS-4/SS-6 at $2,099,000.00 with $1,069.82 monthly common charges
• 2017/2018 projected monthly real estate taxes for unsold unit: $1,381.98
• Two storage spaces unsold at $20,000.00 each
• Offering Plan effective period extended twelve months from amendment date
• Tax Cuts and Jobs Act disclosure added as special risk regarding changed federal tax law

Amendment 14 2018

Storage Space 5 converted to a bicycle storage room for all residents; Schedule A and Schedule B updated.

• Storage Space 5 converted to General Common Element bicycle storage room
• Schedule A revised with updated prices: Unit 2A $1,299,000, Penthouse $2,099,000
• Schedule B to Declaration of Condominium replaced
• Two residential units remain unsold: Unit 2A/SS-7 (In Contract) and PH/SS-4/SS-6 (Unsold)
• Monthly Common Charges for unsold units: Unit 2A $611.03, Penthouse $1,069.82
• Project loan maturity date October 16, 2018 with outstanding principal balance $3,927,381.27
• Offering Plan effective period extended twelve months from amendment date
• No residential units currently rented

Amendment 13 Dec 15, 2017

Amendment confirms first unit closing occurred October 31, 2017 and documents remaining unsold units with their prices and terms.

• First unit closing (1B) occurred October 31, 2017
• Temporary certificate of occupancy issued October 19, 2017
• Sponsor escrowed $10,000.00 for permanent certificate of occupancy
• Two residential units remain unsold: 2A at $1,299,000.00 and PH at $2,099,000.00
• Four storage spaces offered at $20,000.00 each
• Working Capital Fund balance is $7,675.34
• Offering plan period extended six (6) months from amendment date
• Project loan maturity date is October 16, 2018

Amendment 12 Nov 16, 2017

Purchase prices changed for two residential units and total offering price updated.

• Unit 2A purchase price: $1,299,000.00
• Unit PH purchase price: $2,099,000.00
• Total offering price: $11,631,000.00
• Schedule A prices decreased for 2 homes (median -8.8%): 2A $1,425,000 → $1,299,000; PH $2,495,000 → $2,099,000

Amendment 11 Oct 3, 2017

Purchase price of Unit 2A changed to $1,399,000.00, raising the total offering price to $11,831,000.00.

• Unit 2A purchase price set to $1,399,000.00
• Total offering price now $11,831,000.00

Amendment 10 Sep 21, 2017

No pending lawsuits, no financial statements yet, Sponsor current on obligations, and Plan use extended 6 months.

• No lawsuits or proceedings that may materially affect the offering
• First Unit Closing has not yet occurred
• No financial statements available; will be included in future amendment
• Sponsor has no financial obligations due within 12 months except Common Charges
• Sponsor current on all financial obligations
• Offering Plan use period extended 6 months

Amendment 9 Aug 30, 2017

Purchase price of penthouse unit PH changed to $2,199,000.00, raising total offering price to $11,857,000.00.

• Penthouse (PH) purchase price changed to $2,199,000.00
• Total offering price now $11,857,000.00

Amendment 8 Jul 6, 2017

Purchase prices changed for two residential units, raising the total offering price to $12,153,000.00.

• Unit 1A purchase price: $1,925,000.00
• Unit 2B purchase price: $1,399,000.00
• Total offering price now $12,153,000.00
• Schedule A prices decreased for 2 homes (median -1.8%): 1A $2,295,000 → $1,925,000; 2B $1,425,000 → $1,399,000

Amendment 7 2017

Plan declared effective after two units purchased; license agreement formalized; plan extended six months.

• Offering Plan declared effective (2 residential units purchased, exceeding 15% threshold)
• Reciprocal License and Maintenance Agreement recorded (dated February 27, 2017, CRFN 2017000144038)
• Easement language updated to clarify user responsible for damage repair; no Board fees for easements
• No lawsuits or proceedings materially affecting the offering as of amendment date
• No unit closings have occurred; financial statements will be included in future amendment
• Sponsor current on all financial obligations; working capital fund to be established at closings
• Plan effectiveness period extended six (6) months from amendment date

Amendment 6 Mar 17, 2017

Purchase prices for 2 units increased; total offering price revised to $12,454,000.00

• Unit 3A price raised to $1,449,000.00
• Unit 2B price raised to $1,425,000.00
• Total Purchase Price of the Offering now $12,454,000.00
• Schedule A prices decreased for 2 homes (median -3.7%): 2B $1,485,000 → $1,425,000; 3A $1,505,000 → $1,449,000

Amendment 5 2017

Penthouse Unit reduced from four bedrooms to three bedrooms, with revised floor plans, Schedule A, and Schedule B.

• Penthouse Unit bedroom count reduced from 4 to 3 bedrooms
• Penthouse Unit floor plan revised to 1,669 SF apartment plus 665 SF terraces
• Penthouse Unit offering price set at $2,495,000.00
• Schedule A revised to reflect bedroom change
• Schedule B to Declaration of Condominium revised to reflect bedroom change
• Unit descriptions in Offering Plan Introduction, Property Description, and Declaration sections updated
• Offering Plan effective period extended for 6 months from amendment date

Amendment 4 Dec 14, 2016

Fourth amendment revising the budget and Schedule A common charges, updating construction lender references from First Niagara Bank to KeyBank, adding virtual doorman service, and adding an easement agreement for a trellis structure.

• Budget revised to include virtual doorman service; revised Schedule B and notes attached
• Common charges in Schedule A revised due to updated budget
• Construction lender changed from First Niagara Bank to KeyBank at 11 East 22nd Street, New York, NY 10010
• Escrow account transferred to KeyBank
• KeyBank interest rate stated as approximately 0.35% as of November 2016
• Easement agreement for trellis structure attached to southern exterior façade
• Architect's Report amended to reflect changes and virtual doorman inclusion dated December 7, 2016
• New paragraph 12 added to Terms of Sale regarding Reciprocal Easement and Maintenance Agreement

Amendment 3 Dec 13, 2016

Price of one residential unit changed and total offering price updated.

• Unit 1B purchase price changed to $1,895,000.00
• Total Purchase Price of Offering updated to $12,570,000.00

Amendment 2 Sep 2, 2016

Purchase prices for certain residential units were changed, raising the total offering price to $12,750,000.00.

• Purchase prices for certain residential units on Schedule A page 44 revised
• Total Purchase Price of the Offering is now $12,750,000.00

Amendment 1 2016

Amendment revises floor plans, corrects tax lot information, restructures down payment requirements into Initial and Additional payments, extends the plan's effective period, and confirms no material budget changes.

• Floor plans for certain units revised to comply with DOB requirements
• Tax lot corrected to Block 2004, formerly Lot 58
• Down payment restructured: 10% Initial Down Payment plus 5% Additional Down Payment within 120 days (15% total), except foreign governments pay 50% Initial only
• Foreign government purchasers exempt from Additional Down Payment requirement
• Purchase Agreement form replaced with new version
• Effective period extended 6 months from amendment date
• No material increases or decreases in projected Common Charges
• Escrow agent designated as D'Agostino, Levine, Landesman & Lederman, LLP