Huxley Condominium

Amendment 6 Aug 23, 2023

Sponsor reassigned a terrace from Unit PH-7 to Unit PH-9 and updated sponsor and attorney contact addresses.

• Terrace reassigned from Residential Unit PH-7 to Residential Unit PH-9
• Sponsor address changed to 554 Fifth Avenue, 5th fl., New York, NY 10036
• Sponsor's attorney address changed to 225 Broadway, Suite 2640, New York, NY 10007

Amendment 5 Jan 25, 2023

Fifth amendment updates occupancy status, mortgage details, board control transfer timeline, and extends the plan term by 12 months.

• Temporary certificate of occupancy issued November 25, 2022
• Final certificate of occupancy anticipated by April 30, 2023
• $10,000.00 escrowed for costs to obtain final certificate of occupancy
• Unsold units encumbered by Bank Leumi USA mortgage with outstanding principal of $3,769,305.00
• Sponsor will relinquish board control on March 25, 2023
• Plan term extended an additional 12 months from amendment filing date
• Current budget and first-year adequacy certification attached

Amendment 4 Jul 6, 2022

Amendment documents first closing, certificates of occupancy, escrow deposit, declaration recording, and financial/operational status of the condominium.

• First unit closing occurred March 25, 2022
• Initial temporary certificate of occupancy issued March 7, 2022
• Latest temporary certificate of occupancy issued June 10, 2022
• Final certificate of occupancy anticipated by end of 2022
• $10,000.00 escrow deposited with law office for final certificate
• Condominium declaration recorded February 18, 2022 in CRFN 2022000077044
• Operating account has $39,607.44; reserve fund has $0.00
• Mortgage outstanding principal $19,537,875.00 with Bank Leumi USA

Amendment 3 Dec 17, 2021

Plan declared effective upon sponsor's acceptance of purchase agreements from eleven bona fide purchasers for 15.49% of residential units.

• Plan declared effective with eleven units (15.49% of residential units) under contract
• Units 207, 307, 308, 408, 501, 503, 507, 508, 608, 707, 708, and 808 counted for effectiveness declaration
• Purchase agreements accepted between October 12, 2021 and December 15, 2021

Amendment 2 Nov 30, 2021

Offering prices revised for 40 residential units across all floors and penthouse units.

Amendment 1 Oct 6, 2021

Amendment revises unit prices, updates unit descriptions, changes sponsor principal identity, and specifies escrow account and closing procedures.

• Condominium name changed to 'Huxley Condominium'
• Unit 208 terrace size revised to 104.00 sq. ft.
• Bicycle room layout revised with one storage allocated to Unit CFU and one to Unit CU
• Offering prices of Units 206, 207, and 208 revised
• Eric Brody no longer a principal of Sponsor
• Escrow account established at Leumi Bank, 579 Fifth Avenue, New York, NY 10017, with FDIC insurance limit of $250,000.00 per deposit
• Purchase Agreement Sections 5.2 and 8.1 revised regarding escrow and title company (Newmark Title Services)
• New York State transfer tax rate set at 0.4% for units under $3,000,000.00 and 0.65% for units $3,000,000.00 or more, excluded from consideration as of July 1, 2021