215 North 10th Street Condominium (Nx)

Amendment 12 2024

The sponsor now offers the two commercial units for sale to the public, at $10,000,000.00 for Commercial Unit 1 and $55,000,000.00 for Commercial Unit 2, and the total purchase price on the cover rises to $123,645,000.00.

• Commercial Unit 1 now offered to the public at $10,000,000.00
• Commercial Unit 2 now offered to the public at $55,000,000.00
• Total Purchase Price on the cover, including all units ($121,725,000.00) and Parking Space Licenses ($1,920,000.00), updated to $123,645,000.00
• References to Commercial Units 1 and 2 being withheld are deleted

Amendment 11 Oct 25, 2023

This amendment updates the sales status and unsold-unit finances, attaches a new budget for November 1, 2023 to October 31, 2024, updates the certificate of occupancy and permanent certificate estimate, adds a FinCEN reporting disclosure, changes the sponsor's attorney firm name, and extends the plan's effective period by twelve months.

• All Residential Units are sold; Commercial Unit 1, Commercial Unit 2 and the Garage Unit are not offered for sale, and Parking Spaces 1, 8, 9, 10 and 12 remain unsold at $120,000.00 each
• Projected budget for November 1, 2023 to October 31, 2024 set at a total of $812,216 (Exhibit A-1)
• Effective period of the Offering Plan extended for twelve (12) months from the date of this Amendment
• Unsold Units are subject to a mortgage held by Maguire N10 LLC with an approximate principal balance of $11,436,195.41 and a maturity date of January 31, 2024
• Most recent TCO issued October 4, 2023, covering through January 2, 2024
• Estimated cost to obtain the PCO revised to $135.24 as of August 15, 2023; Sponsor has escrowed $10,000.00
• Added FinCEN Geographic Targeting Order disclosure, effective until April 18, 2024
• Sponsor's attorney firm name changed to D'Agostino, Lederman, Landesman, Rivera & Miraglia, LLP d/b/a DLPartners

Amendment 10 Apr 24, 2023

This Tenth Amendment reports the first unit closing and temporary certificate of occupancy, updates escrow and working capital balances, lists the remaining unsold units, and extends the offering term to six months after the Department of Law accepts the amendment for filing.

• Escrow held until PCO; architect's PCO cost estimate revised from $752,736.74 to $191,493.00 as of January 5, 2023; deposits may be released at closing if escrow exceeds that certified amount
• Offering term extended to six months after the Department of Law accepts this amendment for filing
• First unit closing (Unit 6B) occurred November 16, 2022; most recent TCO issued February 14, 2023, covering through May 15, 2023; permanent CO anticipated within two years of first closing
• Unsold Residential Units: 4A, 4G and 5I (all under contract); Parking Space Licenses 1, 8, 9, 10 and 12 unsold, and 7 under contract
• Board of Managers still sponsor-controlled; control to be relinquished within 30 days after the earlier of 90% Common Interest closed or five years after first closing
• Working Capital Fund about $101,620.10 as of March 31, 2023, funded by two months' common charges from each purchaser; no Reserve Fund established
• Separate real estate tax assessments for each Unit not yet made; expected as of July 1, 2023
• Declaration dated April 28, 2022, recorded July 11, 2022 as CRFN 2022000274269

Amendment 9 Jan 9, 2023

This amendment raises the offering price of Residential Unit 4G to $1,100,000.00 and updates the plan's total purchase price to $58,645,000.00.

• Offering price of Residential Unit 4G (Schedule A, column 4) set at $1,100,000.00
• Total Purchase Price on the cover updated from $56,725,000.00 (all Units) plus $1,920,000.00 (Parking Space Licenses) to $58,645,000.00
• No other material changes to the plan, except those in this amendment
• Schedule A prices increased for 1 home (median +5.3%): 4G $1,045,000 → $1,100,000

Amendment 8 Jun 10, 2022

This amendment updates the as-built floor plans, revises unit layouts, bedroom counts and several square footages, and changes Unit 6A's offering price, with no material change to the projected first-year budget.

• Unit 5F changed to a two-bedroom layout (one bedroom opened to the living room)
• Bedroom mix now 12 two-bedroom and 5 three-bedroom units, previously 11 and 6
• Offering price of Unit 6A updated (new amount not stated in this text)
• Square footage corrected: Unit 4G 620 to 613, Unit 4H 965 to 972, Unit 5K net 672 to 670, Unit 6D net 1661 to 1672
• Kitchen islands added to Units 4A, 4E, 4G, 5A, 5E and 5G
• No material increase or decrease in anticipated Common Charges from the Projected Budget for First Year
• Roof composition description revised
• Bicycle storage capacity changed from approximately twenty (20) to approximately seventeen (17) bicycles
• Schedule A prices increased for 9 homes (median +2.8%): 4B $1,845,000 → $1,950,000; 4F $2,645,000 → $2,720,000; 4I $1,995,000 → $2,075,000; 5D $1,885,000 → $2,100,000; ...

Amendment 7 Mar 29, 2022

This amendment changes the offering prices for certain Residential Units in Schedule A and updates the Total Purchase Price on the cover to $58,565,000.00, including Parking Space Licenses of $1,920,000.00.

• Offering prices changed for certain Residential Units listed in Column (4) of Schedule A (originally on page 83)
• Total Purchase Price on the cover updated to $58,565,000.00 (all Units $56,645,000.00 plus Parking Space Licenses $1,920,000.00)
• Updated Schedule A projected charges cover April 1, 2022 through March 31, 2023

Amendment 6 2022

This amendment changes the offering prices for certain residential units and updates the total purchase price of the offering to $58,385,000.00.

• Offering prices changed for certain Residential Units listed in Schedule A, Column (4)
• Total Purchase Price on the cover updated to $58,385,000.00 (Units $56,465,000.00 plus Parking Space Licenses $1,920,000.00)
• Updated Schedule A (Exhibit A) shows projected charges for April 1, 2022 to March 31, 2023
• No other material changes to the Offering Plan

Amendment 5 Feb 4, 2022

This amendment declares the offering plan effective, moves the expected first year of condominium operation to April 1, 2022, and replaces the real estate tax projections and Schedule A figures.

• Plan declared effective: 16 Residential Units under purchase agreements (approximately 51%), above the 15% needed
• First Year of Condominium operation estimated April 1, 2022 through March 31, 2023
• First Unit Closing anticipated on or about April 1, 2022
• Real estate tax projections replaced by Korngold Powers LLP letter dated January 21, 2022 (Exhibit B)
• Projected 2023/2024 Real Estate Taxes: $532,223.00 Residential Units; $123,913.00 Commercial Unit 1; $754,250.00 Commercial Unit 2; $43,100.00 Garage Unit; $1,453,486.00 total
• Schedule A replaced with updated First Year taxes, Common Charges and carrying charges (Exhibit C)
• Special Risks 26 and 36 replaced
• Note 7 to Schedule A changed to April 1, 2022; Note 8 revised (text cut off)

Amendment 4 2022

This amendment changes the offering prices of certain Residential Units, attaches an updated Schedule A (Exhibit "A"), and raises the Total Purchase Price of the Offering to $58,020,000.00, with no other material changes.

• Offering prices changed for certain Residential Units listed in Column (4) of Schedule A (new prices in updated Schedule A, Exhibit "A")
• Total Purchase Price of the Offering updated to $58,020,000.00
• Updated Schedule A dated 1/20/2022 attached as Exhibit "A"
• No other material changes to the Offering Plan

Amendment 3 Dec 17, 2021

This amendment updates the offering prices of certain residential units in Schedule A and changes the plan's cover Total Purchase Price to $57,765,000.00.

• Offering prices changed for certain Residential Units, shown in updated Schedule A (Exhibit A)
• Total Purchase Price on the cover updated to $57,765,000.00, including all Units and Parking Space Licenses
• No other material changes to the Offering Plan except those in this Amendment

Amendment 2 Nov 22, 2021

This amendment changes the offering prices of certain Residential Units and updates the plan's Total Purchase Price to $56,839,370.00.

• Offering prices changed for certain Residential Units listed in Column (4) of Schedule A; new prices are in the attached Exhibit "A"
• Total Purchase Price on the plan cover updated to $56,839,370.00
• Exhibit "A" Schedule A totals print $54,919,370.00, not $56,839,370.00
• No other material changes to the offering plan

Amendment 1 Nov 10, 2021

This amendment updates the offering prices of certain residential units and the parking space licenses, and sets the total offering at $56,445,000.00.

• Offering prices of certain residential units changed (updated Schedule A, Exhibit "A")
• Parking Space License prices set at $120,000.00 each for 16 spaces (updated Schedule A-1, Exhibit "B"), total $1,920,000.00
• Total Purchase Price of the Offering updated to $56,445,000.00
• Parking license fee is $0/month for the first year, with a projected approximately $153/month afterward at the Board's option