210 Pacific Condominium

Amendment 11 Jan 12, 2017

One residential unit remains unsold with updated pricing and common charges; offering plan effective period extended by six months.

• Unit 5 unsold at $4,970,000.00 with monthly common charges of $1,851.18 and monthly RE taxes of $222.08
• Sponsor escrowed $92,000.00 for permanent certificate of occupancy
• Temporary certificate of occupancy issued December 7, 2016
• Offering plan effective period extended six (6) months
• First Unit Owners' Meeting held October 13, 2016; Sponsor relinquished Board control
• First Unit Closing occurred May 12, 2016
• Sponsor anticipates obtaining permanent certificate of occupancy within two (2) years of First Unit Closing

Amendment 10 Jul 6, 2016

First unit closed on May 12, 2016; temporary certificate of occupancy issued May 3, 2016; sponsor escrowed $92,000 for permanent occupancy; two units remain unsold with specified prices and common charges.

• First unit closing occurred May 12, 2016
• Temporary certificate of occupancy issued May 3, 2016
• Sponsor escrowed $92,000 for permanent certificate of occupancy
• Working Capital Fund established at $13,781.00
• Unit 5 offering price $4,970,000.00; Unit 7 offering price $5,530,000.00
• Permanent certificate of occupancy must be obtained within two years of first unit closing
• Offering plan effective period extended six months

Amendment 9 Apr 28, 2016

Offers rescission rights to six purchasers whose units have not closed within twelve months of the May 1, 2015 projected closing date, and extends the plan's effective period by six months.

• Purchasers of Units 2, 3E, 3W, 4E, 4W and 6 offered right to rescind within 15 days
• Right of rescission applies to units contracted before the Eighth Amendment filing
• Sponsor to return down payment and accrued interest to rescinding purchasers
• Offering Plan effective period extended for six (6) months

Amendment 8 Apr 14, 2016

Eighth Amendment changes the sponsor's legal counsel and escrow agent to D'Agostino, Levine, Landesman & Lederman, LLP and updates the projected first year of condominium operation to April 1, 2016 through March 31, 2017.

• New attorneys: D'Agostino, Levine, Landesman & Lederman, LLP at 345 Seventh Avenue, 23rd Floor, New York, NY 10001
• New escrow agent: D'Agostino, Levine, Landesman & Lederman, LLP with escrow account at HSBC Bank, N.A.
• First year of condominium operation now April 1, 2016 through March 31, 2017
• First closing expected by April 1, 2016 or shortly thereafter
• All existing files transferred from Gary Rosen Law Firm, P.C. to new counsel

Amendment 7 Mar 14, 2016

Architect's report corrections, floor plans revised, real estate taxes for 2016-2017 established, and offering plan extended six months.

• Project was self-certified by David Nicholson, R.A., not left uncertified
• No street grass or trees will be installed near curb (Parks Department recommendation removed)
• South and lower east/west facades use Parex USA Exterior Insulating Finish System with interior drainage
• Only master bathroom in each unit has electric floor radiation heating (not all bathrooms)
• Real estate taxes for July 1, 2015 through June 30, 2016: $74,148.00 total
• Anticipated real estate taxes for July 1, 2016 through June 30, 2017: $160,201.00 total
• Offering plan extended six months from acceptance date

Amendment 6 Sep 21, 2015

Plan declared effective based on six units sold, representing 75% of total units.

• Condominium plan declared effective as of September 10, 2015 notice date
• Six units sold meeting the 75% threshold requirement
• Offering plan extended for six months from amendment acceptance date
• No material changes to offering terms except plan effectiveness declaration

Amendment 5 Mar 26, 2015

Prices for eight units increased.

• Unit 2: $5,750,000
• Unit 3E: $2,950,000
• Unit 3W: $2,475,000
• Unit 4E: $9,000,000
• Unit 4W: $2,570,000
• Unit 5: $4,970,000
• Unit 6: $5,250,000
• Unit 7: $5,530,000
• Schedule A prices increased for 6 homes (median +24.4%): 3E $2,400,000 → $2,950,000; 3W $2,100,000 → $2,475,000; 4W $2,150,000 → $2,570,000; 5 $3,995,000 → $4,970,000; ...

Amendment 4 Mar 20, 2015

Offering prices changed for 8 units.

• Unit 2: $3,750,000
• Unit 3E: $2,895,000
• Unit 3W: $2,475,000
• Unit 4E: $2,995,000
• Unit 4W: $2,570,000
• Unit 5: $4,970,000
• Unit 6: $5,250,000
• Unit 7: $5,530,000

Amendment 3 Mar 12, 2015

Offering prices for eight units have been changed.

• Unit 2: $3,650,000
• Unit 3E: $2,850,000
• Unit 3W: $2,475,000
• Unit 4E: $2,950,000
• Unit 4W: $2,570,000
• Unit 5: $4,970,000
• Unit 6: $5,250,000
• Unit 7: $5,530,000

Amendment 2 Jan 30, 2015

Offering prices for 8 units have been updated.

• Unit 2: $3,650,000
• Unit 3: $2,850,000
• Unit 4: $2,425,000
• Unit 5: $2,950,000
• Unit 6: $2,495,000
• Unit 7: $4,970,000
• Unit 8: $5,250,000
• Unit 9: $5,530,000

Amendment 1 Dec 30, 2014

Offering prices for eight units have changed.

• Unit 2: $3,650,000
• Unit 3E: $2,750,000
• Unit 3W: $2,350,000
• Unit 4E: $2,880,000
• Unit 4W: $2,425,000
• Unit 5: $4,970,000
• Unit 6: $5,250,000
• Unit 7: $5,530,000