189 Cooper Street Condominium

Amendment 7 May 27, 2026

Amendment extends offering plan term, updates unit prices, reports first closing, and provides financial and operational disclosures.

• Prices updated for 10 units, ranging from $490,000.00 (Unit 3A) to $725,000.00 (Unit 5B)
• First Unit Closing occurred June 23, 2026 for Unit 3A
• Temporary Certificate of Occupancy issued January 23, 2026, renewed, expires July 21, 2026
• First Year Budget updated to commence July 1, 2026 with total projected expenses of $109,721.89
• 12 units remain unsold: 2A, 2B, 2C, 3B, 3C, 4A, 4B, 4C, 5B, 5C, 6B, 6C
• Working Capital Fund holds $1,114.18 at Chase Bank; Reserve Fund not yet funded
• Offering plan extended for six (6) months from acceptance of this Amendment
• $60,000.00 posted as security for obtaining permanent Certificate of Occupancy
• Schedule A prices increased for 7 homes (median +2.7%): 2B $560,000 → $575,000; 3A $485,000 → $490,000; 3B $575,000 → $595,000; 4A $495,000 → $499,000; ...

Amendment 6 May 27, 2020

Construction substantially complete with July 1, 2025 expected substantial completion; purchasers who signed before this amendment may rescind by February 28, 2021 deadline.

• Substantial completion date updated from March 1, 2020 to July 1, 2025
• Temporary Certificate of Occupancy anticipated July 2025
• Purchasers with Purchase Agreements before amendment presentation may rescind within 15 days and receive full downpayment refund with interest
• Architect's report revised with detailed building specifications and site conditions
• 6-story Class I-B residential building with basement utilities, 1st floor parking and bicycle storage, apartments on floors 2-6, roof terrace
• Roof warranty is 20-year no dollar limit guarantee effective January 5, 2021 through January 5, 2041
• Schedule A prices increased for 8 homes (median +19.8%): 2A $399,000 → $475,000; 2B $460,000 → $560,000; 3A $420,000 → $485,000; 3B $480,000 → $575,000; ...

Amendment 5 Nov 8, 2019

Substantial completion date extended to March 1, 2020; rescission deadlines set for purchasers; offering term extended six months.

• Substantial completion and First Year of Operations moved to March 1, 2020 (from July 1, 2019)
• Pre-amendment purchasers offered rescission if First Unit Closing does not occur by June 30, 2020
• Post-amendment purchasers offered rescission if First Unit Closing does not occur by February 29, 2021
• Updated Schedule A with new projected commencement date
• First Year Budget unchanged except for commencement date; commences March 1, 2020
• FINC EN disclosure requirements for purchases over $300,000 without bank financing using cash or checks
• Offering term extended six months from amendment acceptance date
• Schedule A prices increased for 10 homes (median +7.0%): 2A $380,000 → $399,000; 2B $430,000 → $460,000; 3A $390,000 → $420,000; 3B $450,000 → $480,000; ...

Amendment 4 Mar 7, 2019

Sponsor changed from Cooper BU LLC to 189 Cooper Street LLC with new principals, mortgage satisfied, construction completion date moved to July 1, 2019, and property tax projections updated.

• New sponsor: 189 Cooper Street LLC with principals Mathew Van Alstyne, Evan Schwartzberg, and Michael Distenfeld
• Boaz Gilad removed as principal
• Outstanding mortgage on property satisfied
• Substantial completion date moved from January 1, 2018 to July 1, 2019
• First Unit Closing rescission deadline set to June 30, 2020
• Property tax first-year projection: $91,306.00 for tax year 2019/2020

Amendment 3 Jun 6, 2018

Plan declared effective with 11 units (84%) purchased; Declaration and By-Laws amended regarding parking, common expenses, board rights, and smoking; tax law warning added.

• Plan declared effective with 11 units purchased constituting 84% of Units
• Parking Units may be leased or sold to non-Residential Unit Owners subject to MDL §60 and ZR25-412
• Board may allocate Common Expenses differently from Common Interest allocation per Section 339-m of Condominium Act
• Board granted right of first refusal on sale and lease of Units not owned by Declarant
• House Rules amended to add smoking and electronic cigarette guidelines
• Tax Cuts and Jobs Act of 2018 warning: tax projections in Plan may be inaccurate; purchasers should consult tax expert

Amendment 2 Jan 18, 2018

Unit 4C price updated to $460,000.00.

Amendment 1 Dec 13, 2017

Prices of 10 residential units have been updated.

• Unit 2A price: $399,000
• Unit 2B price: $460,000
• Unit 3A price: $420,000
• Unit 3B price: $480,000
• Unit 3C price: $440,000
• Unit 4A price: $440,000
• Unit 4B price: $499,000
• Unit 5C price: $495,000