215 West 28th Street Condominium (Maverick)

Amendment 17 Mar 31, 2026

Updates 2026 budget, unsold unit prices, board members, and financial disclosures including working capital and reserve fund amounts.

• 13 residential units, 19 storage units, 1 retail unit, 1 parking unit remain unsold
• 2026 operating budget adopted with common charge increases: 3.67% residential, 1.49% commercial, 1.28% parking, 27.19% storage
• Unsold residential unit prices range from $2,300,000 (Unit 12A) to $8,000,000 (Unit PHA)
• Working Capital Fund: $119,402.59 as of March 23, 2026
• Reserve Fund: $357,087.91 as of March 23, 2026
• Board composition updated with 4 sponsor-designated residential members, 1 sponsor-designated parking member, 1 sponsor-designated retail member, and 2 independent residential members
• Temporary Certificate of Occupancy issued February 2, 2026

Amendment 16 Jul 31, 2025

Offering prices changed for 8 unsold residential units.

• Unit 2C (2 bed, 2.5 bath): $2,495,000.00
• Unit 12A (2 bed, 2.5 bath): $2,300,000.00
• Unit 17C (3 bed, 3.5 bath): $4,495,000.00
• Unit 18A (4 bed, 4.5 bath): $5,750,000.00
• Unit 18B (4 bed, 4.5 bath): $5,490,000.00
• Unit 19A (4 bed, 4.5 bath): $5,750,000.00
• Unit 19B (4 bed, 4.5 bath): $5,495,000.00
• Unit 20B (3 bed, 2.5 bath): $4,795,000.00
• Schedule A prices decreased for 8 homes (median -4.1%): 2C $2,850,000 → $2,495,000; 12A $2,600,000 → $2,300,000; 17C $4,595,000 → $4,495,000; 18A $5,995,000 → $5,750,000; ...

Amendment 15 May 8, 2025

Updates 2025 budget, common charges, real estate taxes, insurance rates, and corrects Storage Unit #25 status.

• Storage Unit #25 corrected from sold to unsold
• 2025 budget adopted with common charges and real estate taxes updated
• Insurance premium rates updated with new schedule for amounts up to $1,000,000 and over
• Simultaneous mortgage insurance rates updated
• Updated Geographic Targeting Order effective April 15, 2025 referenced
• Condominium Board members listed including seven sponsor-designated and two independent members

Amendment 14 Apr 23, 2025

Offering prices of 2 unsold residential units adjusted.

• Unit 2C (2 bed, 2.5 bath) price changed to $2,695,000.00
• Unit 12A (2 bed, 2.5 bath) price changed to $2,350,000.00
• Price changes do not affect existing Purchase Agreements

Amendment 13 Apr 4, 2025

Offering prices adjusted for 10 unsold residential units.

• Unit 18A price set to $5,995,000
• Unit 19A price set to $5,975,000
• Unit 18B price set to $5,775,000
• Unit 19B price set to $5,685,000
• Unit 17A price set to $4,850,000
• Unit 16A price set to $4,750,000
• Unit 17C price set to $4,595,000
• Prices do not affect existing Purchase Agreements
• Schedule A prices decreased for 10 homes (median -13.6%): 2C $3,195,000 → $2,850,000; 15A $4,995,000 → $4,650,000; 16A $5,500,000 → $4,750,000; 16C $4,950,000 → $4,495,000; ...

Amendment 12 Mar 26, 2025

Changes sponsor's counsel and escrow arrangements for the building.

• Sponsor's counsel is now D'Agostino, Lederman, Landesman, Rivera & Miraglia, LLP at 9 East 40th Street, New York, New York 10016
• Escrow Agent is D'Agostino, Lederman, Landesman, Rivera & Miraglia, LLP
• Down payments held in escrow at Webster National Bank, 1412 Broadway, 7th Floor, New York, New York 10018
• Amounts over $250,000 in down payments will not be federally insured
• Down payments non-interest bearing until purchaser delivers W-9 or W-8 Form and identification
• Updated Residential Unit Purchase Agreement with new escrow rider attached as Exhibit A

Amendment 11 Dec 4, 2024

Financial disclosure update with unsold unit prices, board composition, temporary certificate of occupancy status, and reserve fund balances.

• 19 unsold residential units and 18 unsold storage units offered at updated prices
• Aggregate monthly common charges for unsold units approximately $62,618.06
• Aggregate real estate taxes for unsold units approximately $76,193.00 monthly
• Working Capital Fund balance approximately $103,438.00 as of September 9, 2024
• Reserve Fund balance approximately $154,573.00 as of September 9, 2024
• Temporary Certificate of Occupancy issued October 8, 2024
• Estimated outstanding work cost for Permanent Certificate of Occupancy approximately $2,500,000.00 held in escrow
• Pending lawsuit by construction worker filed March 13, 2024 naming Condominium and Board as defendants

Amendment 10 Apr 25, 2024

Corrected Common Charges in the Schedule of Unsold Units and amended offering prices for certain residential units.

• Common Charges corrected in Schedule of Unsold Units based on updated Condominium and Homeowners Association Budgets from Ninth Amendment
• Offering prices amended for certain unsold residential units as shown in Exhibit A
• Price changes do not affect Purchase Agreements in effect as of amendment date

Amendment 9 Feb 1, 2024

Updated operating budgets for 2024, sponsor offer to cover one year of common charges for units purchased by August 31, 2024, and amended notice provision allowing electronic mail.

• Operating budgets updated for January 1, 2024 onward
• Sponsor covers Common Charges for one year from Closing if Purchase Agreement executed by August 31, 2024 at 5 p.m. EDT
• Notice provision amended to allow electronic mail with delivery or read receipts
• Updated Schedule of Unsold Units with revised Common Charges

Amendment 8 Oct 10, 2023

Real estate taxes and offering prices updated for unsold units; sponsor principal changed; common charges covered for one year from closing for new purchasers.

• Real estate taxes on unsold units updated per amended Schedule A
• Offering prices of unsold residential units changed per amended Schedule A
• Sponsor principals changed: Eran Polack, Nir Amsel, and Amir Hasid no longer principals; Gregory T. Taketa is sole principal
• Sponsor office address changed to 222 West Las Colinas Boulevard, Suite 1540 East Tower, Irving, Texas 75039
• First Annual Meeting of Unit Owners held July 13, 2023
• Condominium Board members identified with current seats
• Sponsor covers common charges for one year from each purchaser's closing if purchase agreement executed by December 29, 2023 at 3 p.m. EST

Amendment 7 Mar 21, 2023

Seventh Amendment updates sponsor financial disclosures, unit pricing, escrow arrangements following a bank closure, and confirms condominium operational status.

• 38 unsold residential units and 21 unsold storage units with updated offering prices listed in Exhibit A
• Escrow account transferred from Signature Bank to Citibank following Signature Bank closure on March 12, 2023
• Common charges waiver period ended December 31, 2022; sponsor began collecting as of January 1, 2023
• Working Capital Fund approximately $67,151.52 and Reserve Fund approximately $67,272.23 as of January 24, 2023
• Temporary Certificate of Occupancy issued March 20, 2023; estimated cost for Permanent Certificate approximately $2,818,923.63
• Sponsor's office address changed to 345 7th Avenue, New York, New York, 10001
• First Unit Closing held July 21, 2022; First Annual Meeting of Unit Owners not yet occurred
• Board members: Eran Polack (President), Gregory T. Taketa (Vice President), Toku Saito (Secretary/Treasurer)
• Schedule A prices decreased for 5 homes (median -4.9%): 4A $2,150,000 → $1,999,500; 10F $2,775,000 → $2,700,000; 11F $2,825,000 → $2,750,000; 15A $5,250,000 → $4,995,000; ...

Amendment 6 Aug 31, 2022

Amendment records first unit closing on July 21, 2022, with 43 residential units conveyed; extends common charges waiver through December 31, 2022; and documents temporary certificate of occupancy and outstanding work costs.

• First Unit Closing held July 21, 2022; 43 Residential Units and 5 Storage Units conveyed to Purchasers as of August 29, 2022
• 44 Unsold Residential Units and 22 Unsold Storage Units remain unconveyed
• Condominium Declaration recorded July 5, 2022 under CRFN 2022000264938
• Common Charges waiver extended through December 31, 2022; assessments begin January 1, 2023
• Temporary Certificate of Occupancy issued August 17, 2022; estimated cost for Permanent Certificate of Occupancy approximately $3,265,214.05
• Working Capital Fund approximately $13,361.00; Reserve Fund approximately $13,361.00 as of August 16, 2022
• Board members: Eran Polack (President), Gregory T. Taketa (Vice President), Andrea Lawrence (Secretary/Treasurer)

Amendment 5 May 24, 2022

Amendment updates Schedule A, B, and C with revised common charges, operating budget, and homeowners association budget for the first year of condominium operation (July 1, 2022 to June 30, 2023).

• First Year of Condominium Operation: July 1, 2022 to June 30, 2023
• Schedule B operating budget increased 16.6%
• Total operating expenses: $2,098,043
• Residential common charges: $1,985,888
• Superintendent salary: $115,000 plus payroll taxes and benefits totaling $147,478
• Building staffing: one full-time superintendent, two full-time porters, 24-hour concierge service
• Gas budget (residential only): $279,805 at $1.68 per therm for 166,551 therms
• Electricity budget: $355,689 for common areas

Amendment 4 Mar 14, 2022

Offering prices of unsold residential units are changed effective September 1, 2021 to August 31, 2022.

• Offering prices of unsold residential units amended per Schedule A
• Price changes do not affect existing Purchase Agreements as of amendment date
• Schedule A prices increased for 7 homes (median +2.8%): 8D $2,575,000 → $2,675,000; 8F $2,600,000 → $2,650,000; 10F $2,700,000 → $2,775,000; 11D $2,750,000 → $2,850,000; ...

Amendment 3 Jan 11, 2022

First year operating budget confirmed and parking space maintenance charges updated.

• First year operating budget (Schedule B) confirmed by FirstService Residential for September 1, 2021 to August 31, 2022
• Total operating expenses: $1,798,110
• Monthly maintenance charges for licensed parking spaces updated

Amendment 2 Dec 27, 2021

Prices of unsold residential units are revised in the updated Schedule A.

• Schedule A prices increased for 15 homes (median +3.1%): 3F $2,225,000 → $2,295,000; 5F $2,325,000 → $2,395,000; 7D $2,450,000 → $2,525,000; 8B $1,425,000 → $1,475,000; ...

Amendment 1 Jul 16, 2021

Amendment modifies special risks, updates pricing, adds storage units, changes managing agent and parking provisions, and adjusts various schedules and agreements.

• Storage Units 2, 8, 9, 13, 17 have structural columns reducing usable square footage
• Doorman replaced with concierge throughout plan
• 14 parking spaces offered as-is; automated system pending DOB/OTCR approval for additional 6 spaces
• New Special Risk 41: window washing by owner-engaged or board-engaged company
• Three additional storage units added, total now 27 units
• Building description changed from 2 sub-cellars to 3 sub-cellars
• Managing Agent: Century Management Services, Inc., annual fee $48,000, initial term 1 year then 60-day renewals
• Down Payment terms revised: Additional Down Payment due at 6 months or 15 days after Plan declared effective
• Schedule A prices increased for 34 homes (median +2.7%): 2C $3,000,000 → $3,195,000; 2E $1,195,000 → $1,224,875; 3C $2,125,000 → $2,150,000; 3F $2,200,000 → $2,225,000; ...
• Schedule A prices decreased for 33 homes (median -1.9%): 2A $3,000,000 → $2,995,000; 3A $2,200,000 → $2,100,000; 3D $2,350,000 → $2,200,000; 4D $2,365,000 → $2,250,000; ...