201 East 74th Street Condominium (The 74)

Amendment 6 Feb 5, 2026

Sixth amendment updates Unit 20A price, ends common charge waiver effective February 1 2026, provides budget certifications and occupancy status, and establishes additional escrow account at Citibank.

• Purchase Price for Unit 20A modified
• Common Charge Waiver Period terminated as of January 31, 2026; collection began February 1, 2026
• Monthly Common Charges for all Unsold Units approximately $70,197.07 in aggregate
• Monthly real estate taxes for all Unsold Units approximately $56,951.49 in aggregate as of January 30, 2026
• First closing occurred May 28, 2025
• Sponsor's Loan outstanding principal balance $46,306,538.10, matures September 9, 2027
• Estimated cost to obtain permanent Certificate of Occupancy $3,600,000, held in escrow
• Additional escrow account established at Citibank, N.A.; Citibank escrow rate 1.95% as of January 1, 2026
• Schedule A prices increased for 1 home (median +6.5%): 20A $5,400,000 → $5,750,000

Amendment 5 2025

Fifth Amendment updates real estate taxes for July 1, 2025 through June 30, 2026, refinances the construction loan with Starwood Property Mortgage Sub-23-A, L.L.C., and corrects a bedroom count typographical error on the 30th Floor unit.

• Real estate taxes updated for tax year July 1, 2025 – June 30, 2026 based on building approximately 70% constructed
• Construction loan refinanced with Starwood Property Mortgage Sub-23-A, L.L.C., maximum principal amount $78,307,913.00, maturity date August 14, 2027
• Unit 30 Floor bedroom count corrected from 5 to 4 bedrooms in Schedule A
• Construction Lender granted additional security rights including ability to appoint board members and voting proxies in case of Sponsor default

Amendment 4 May 15, 2025

Amendment updates floor plans and square footages for six units, records condominium documents, discloses first closing on May 28, 2025, establishes escrow and working capital arrangements, and extends plan term by six months.

• First closing of Unit 15A occurred May 28, 2025; temporary certificate of occupancy issued April 18, 2025
• Estimated cost to obtain permanent certificate of occupancy: $3,600,000 as of May 28, 2025
• Purchaser deposits held in escrow at Valley National Bank until permanent certificate issued
• Working Capital Fund established with balance of $43,345.73 as of June 18, 2025
• Floor plans updated for Units 2A, 6, 16, 30, PH, and TH with revised square footages
• Condominium Declaration and By-Laws recorded March 25, 2025; tax lot drawings also recorded same date
• Common Charges waived during construction period; sponsor responsible for operating expenses
• Initial board members: William Harvey (President), Alex Olsen (Vice President), Elyse Leff (Secretary/Treasurer)
• Schedule A prices increased for 7 homes (median +1.0%): 9B $3,350,000 → $3,383,500; 10B $3,380,000 → $3,413,800; 11B $3,410,000 → $3,444,100; 12B $3,440,000 → $3,474,400; ...

Amendment 3 Dec 23, 2024

Updated offering prices for units in the condominium.

• Updated Schedule A with revised offering prices for all units
• Common charges and projected annual RE taxes updated for projected first year operations (November 1, 2024 – October 31, 2025)

Amendment 2 Oct 10, 2024

Second Amendment updates offering prices, reconfigures storage bins and amenities, declares the plan effective, and removes fireplaces from certain units.

• Storage Bins combined to total 21 units in cellar level
• Updated Schedule A with new offering prices for certain units
• Townhouse Unit: fireplace removed from dining room and primary bedroom
• Penthouse Unit: fireplace removed from primary bedroom
• 17th Floor amenities reconfigured: stretching room expanded, yoga/pilates room removed, playroom enlarged, lounge/dining wall added, wet bar replaced with preparation kitchen, powder room and storage relocated
• Plan declared effective as of November 5, 2024 with 26.83% of residential units under agreement
• Additional Deposit due within 30 days after purchaser receives this Amendment
• 74th Street Easement Agreement to be amended to allow adjacent property owner access for exhaust equipment maintenance

Amendment 1 Jun 1, 2024

Amendment updates offering prices for units, combines units 16A and 16B into one full-floor unit, removes fireplace from townhouse master bedroom, corrects Schedule B-1 energy cost dates, and adjusts common interest percentages.

• Douglas Elliman appointed as exclusive selling agent effective February 12, 2024
• Unit 16A and 16B combined into single full-floor Unit 16A; offering price $9,950,000
• Condominium total units now 41 (increased from prior count)
• Fireplace removed from Townhouse Unit master bedroom
• Schedule A updated with revised offering prices for multiple units
• Schedule B-1 corrected to show First Year as November 1, 2024 – October 31, 2025
• Unit 5C and 6A bedroom/bathroom counts updated; Unit 6A now 5 beds, 5.5 baths
• Floor underlayment thickness reduced from 10mm to 5mm in all units