Dahlia Condominium

Amendment 8 2020

Temporary certificate of occupancy issued; first closing scheduled for July 9, 2020; budget certified for July 1, 2020 through June 30, 2021.

• Temporary certificate of occupancy issued May 5, 2020
• First closing scheduled for July 9, 2020
• Budget certified by Jordan Cooper LLC for July 1, 2020 through June 30, 2021
• Budget remains same as Fifth Amendment
• Tax Lot Maps recorded March 11, 2020 at CRFN2020000092269
• Declaration of Condominium recorded March 11, 2020 at CRFN2020000992268
• Plan extended six (6) months from amendment date

Amendment 7 Jan 22, 2020

Seventh Amendment offers unit combinations, revises floor plans, and updates the first closing date and budget.

• Units 8A and 8B, 9A and 9B, 11A and 11B, 12A and 12B, and 14A and 14B may be combined at purchaser option
• Units 3A and 3C combined into Unit 3A (3 bedrooms, 3 bathrooms, 1 powder room); completion expected by end of March 2020
• Units 10A and 10B combined into Unit 10A (4 bedrooms, 4 bathrooms); completion expected April 2020
• Unit 5B floor plan revised with entrance and closet modifications, no change to square footage
• Temporary certificate of occupancy projected for on or about February 15, 2020
• First closing expected on or before March 1, 2020
• Updated budget certificate from Jordan Cooper LLC for March 1, 2020 through February 28, 2021
• Plan extended for six months from January 22, 2020

Amendment 6 Sep 25, 2019

Seven residential units had their purchase prices increased by $100,000 each.

• Unit 7A price increased from $3,300,000 to $3,400,000
• Unit 8A price increased from $3,175,000 to $3,275,000
• Unit 9A price increased from $3,225,000 to $3,325,000
• Unit 10A price increased from $3,275,000 to $3,375,000
• Unit 11A price increased from $3,350,000 to $3,450,000
• Unit 12A price increased from $3,425,000 to $3,525,000
• Unit 14A price increased from $3,475,000 to $3,575,000
• Schedule A prices increased for 7 homes (median +3.0%): 7A $3,300,000 → $3,400,000; 8A $3,175,000 → $3,275,000; 9A $3,225,000 → $3,325,000; 10A $3,275,000 → $3,375,000; ...

Amendment 5 Jul 17, 2019

Fifth Amendment updates the budget with higher payroll and services, adds new Schedule A with tax projections, updates transfer and mansion tax rates effective July 1 2019, and offers the Community Facility Unit for sale at $12,000,000.

• Annual budget increased 10.67% due to superintendent pay raise, full-time porter addition, and window cleaning service
• New Schedule A with projected monthly and annual taxes for July 1, 2020 through June 30, 2021
• New York State Real Estate Transfer Tax increased to 0.65% for residential sales of $3 million or more (effective July 1, 2019)
• New Mansion Tax rates from 1.00% to 3.90% for residential properties $1 million and above (effective July 1, 2019)
• Community Facility Unit offered for sale at $12,000,000 with approximately 9,386 square feet
• Handicap Parking Unit 12 purchase price confirmed at $476,470
• Geographic Targeting Order extended six months through November 11, 2019
• Plan declared effective upon receipt of seven Purchase Agreements for 18% of residential units

Amendment 4 Jun 28, 2019

Storage bin license prices adjusted for one unit.

Amendment 3 Jun 3, 2019

Purchase prices increased for 15 residential units.

• Unit 6A price raised $80,000 (largest single increase)
• Units 3A, 4A prices raised $65,000 each
• Units 7A, 8A, 9A, 10A, 11A, 12A, 14A prices raised $50,000 each
• Units 3C, 4C, 5C, 6C, 7C prices raised $25,000 each
• Total price increase across 15 units: $685,000
• Schedule A prices increased for 15 homes (median +1.5%): 3A $2,025,000 → $2,090,000; 3C $1,895,000 → $1,920,000; 4A $2,055,000 → $2,120,000; 4C $1,920,000 → $1,945,000; ...

Amendment 2 Apr 19, 2019

Prices increased for 5 residential units and 11 parking units.

• Parking units PU1–PU11 each raised from $300,000 to $400,000 (+$1,100,000 total)
• Residential units 3B, 4B, 5B, 6B each raised $100,000; unit 5A raised $65,000 (+$515,000 total)
• Total price increase across all units: $1,615,000
• No extension of the offering plan
• Schedule A prices increased for 5 homes (median +3.1%): 3B $3,985,000 → $4,085,000; 4B $4,020,000 → $4,145,000; 5A $2,085,000 → $2,150,000; 5B $4,055,000 → $4,180,000; ...

Amendment 1 Mar 15, 2019

Purchase prices increased for 9 residential units.

• Prices of 9 units raised by $900,000 total
• Unit 3A: $1,925,000 to $2,025,000
• Unit 4A: $1,955,000 to $2,055,000
• Unit 5A: $1,985,000 to $2,085,000
• Unit 6A: $2,015,000 to $2,115,000
• Units 3C–7C: prices raised $100,000 each
• Schedule A prices increased for 9 homes (median +5.2%): 3A $1,925,000 → $2,025,000; 3C $1,795,000 → $1,895,000; 4A $1,955,000 → $2,055,000; 4C $1,820,000 → $1,920,000; ...