Arbor Eighteen Condominium

Amendment 6 Oct 2, 2019

This sixth amendment declares the Plan effective because purchase agreements have been signed for 20 of the 73 residential units offered (approximately 27.39%), and it attaches a sponsor affidavit and a list of those units.

• Plan declared effective based on purchase agreements for 20 Residential Units, approximately 27.39% of the 73 Residential Units offered
• Affidavit in support of declaring the Plan effective attached as Exhibit A
• Exhibit A lists the units with executed purchase agreements and their agreement dates (Units 204 through 801)
• Sponsor affirms no material changes to the first-year budget that were not disclosed in a filed amendment
• Sponsor states there are no other material changes to the Plan except as set forth in this amendment

Amendment 5 Jun 4, 2019

The sponsor changes the offering prices of certain unsold residential units, as shown in the amended Schedule A, and the price changes do not affect purchase agreements already in effect.

• Offering prices of certain unsold residential units changed, as set out in amended Schedule A (Exhibit A)
• Price changes do not affect Purchase Agreements in effect as of June 4, 2019
• No other material changes to the Plan
• Schedule A prices decreased for 52 homes (median -3.7%): 101 $765,000 → $750,000; 201 $550,000 → $525,000; 202 $575,000 → $550,000; 203 $635,000 → $595,000; ...

Amendment 4 Mar 12, 2019

The Sponsor sets new offering prices for certain unsold residential units in an amended Schedule A, but the price changes do not affect purchase agreements already in effect on March 12, 2019.

• New offering prices for certain unsold residential units, per amended Schedule A (Exhibit A)
• Price changes do not affect Purchase Agreements in effect as of March 12, 2019
• Third Amendment, a substantive amendment, submitted to the Department of Law on March 1, 2019, not yet accepted for filing

Amendment 3 Mar 4, 2019

The amendment renames the condominium to The Arbor Eighteen Condominium, changes its street address, updates the projected first year of operation, real estate taxes, common charges and unit schedules, and replaces the transfer and mansion tax language.

• Condominium renamed The Arbor Eighteen Condominium
• Address changed to 181 18th Street (also known as 185 18th Street), Brooklyn, New York 11215; marketing continues under 185 18th Street
• First Year of Condominium Operation projected to commence January 1, 2020
• Real estate tax projections and common charges updated (Schedule A, Exhibit A)
• Schedule B and budget certifications updated (Exhibit B)
• Schedule B-1 updated: unit designations and unit types corrected (Exhibit D)
• Transfer tax and mansion tax closing cost language replaced for closings on or after July 1, 2019 where the purchase agreement was signed after April 1, 2019

Amendment 2 Feb 20, 2019

The condominium is renamed The 185 18th Street Condominium and its address changes from 613 4th Avenue to 185 18th Street, with the revised cover attached as Exhibit A.

• Condominium name changed from The 613 4th Avenue Condominium to The 185 18th Street Condominium
• Address changed from 613 4th Avenue, Brooklyn, New York 11215 to 185 18th Street, Brooklyn, New York 11215
• Revised cover reflecting the new name and address attached as Exhibit A

Amendment 1 Feb 6, 2019

This amendment changes the offering prices of certain unsold residential units, as set out in an amended Schedule A, and states that the price changes do not affect purchase agreements already in effect.

• Offering prices of certain unsold residential units changed per amended Schedule A (Exhibit A)
• Price changes do not affect Purchase Agreements in effect as of February 6, 2019
• Exhibit A also lists estimated common charges and real estate taxes for Sept 1, 2019 - Aug 31, 2020
• Sponsor states there are no other material changes to the Plan