230 Riverside Drive Condominium

Amendment 30 Sep 17, 2024

This amendment updates the sponsor's financial disclosures for its unsold units, attaches the 2024 budget and 2023 certified financials, adds a federal anti-money-laundering reporting disclosure, and sets a twelve-month limit on using the plan.

• Sponsor's aggregate monthly common charges on unsold units stated as approximately $76,372.25 (Exhibit A lists each unit)
• 2024 budget attached as Exhibit C
• 2024 common charge assessments set at 10.534% (reserve fund) and 8.979% (loan repayment) of annual common charges; loan repayment continues until March 31, 2027
• Reserve fund balance approximately $1,986,857.06 as of September 9, 2024
• Geographic Target Order disclosure added, effective for closings on or after April 19, 2024
• Plan may not be used after twelve (12) months following the Filing Date unless extended or amended
• Certified financial statement for year ended December 31, 2023 attached as Exhibit D
• Purchaser of an unsold unit must contribute two (2) months of common charges to the working capital reserve fund at closing

Amendment 29 Sep 25, 2023

This amendment updates the plan with the sponsor's unsold-unit finances, 2023 common charges and assessments, the 2023 budget, reserve fund balance, and 2022 certified financials, and sets a 12-month limit on using the plan.

• Sponsor ROC-Riverside Associates, LLC's unsold units listed in Exhibit "A" with monthly common charges of approximately $66,051.03 and real estate taxes of approximately $181,507.80 (payable quarterly)
• 2023 reserve fund assessment set at 12.32% of annual common charges, January 1, 2023 through December 31, 2023
• Loan repayment assessment for 2023 set at 10.81% of annual common charges, continuing through March 31, 2027
• Additional structural steel assessment totaling $2,750,000, payable July 1, 2023 through March 31, 2024
• Buyers of unsold units must pay a working capital contribution of two (2) months of common charges at closing
• 2023 operating budget attached as Exhibit "C"
• Reserve funds approximately $616,531.50 as of August 28, 2023
• Plan may not be used after twelve (12) months following the Filing Date of this Amendment unless extended or amended

Amendment 28 Oct 12, 2022

This Twenty-Eighth Amendment updates the sponsor ROC-Riverside Associates, LLC's identity and financial disclosures, sets 2022 reserve and line-of-credit assessments, attaches the 2022 budget and 2021 financial statement, and revises how New York State transfer tax is treated in the consideration.

• Board imposed a reserve fund assessment of 16% of annual common charges for January 1, 2022 through December 31, 2022
• Board imposed a line of credit assessment of 9% of annual common charges for January 1, 2022 through December 31, 2026, with a lump-sum prepayment option on or before February 28, 2022
• Sponsor ROC's unsold-unit figures disclosed: monthly common charges approximately $57,939.52, real estate taxes approximately $177,080.26 (payable quarterly), monthly rents approximately $109,776.55
• Current monthly common charges approximately $1,917.11 per 1% interest in the common elements
• Reserve fund held approximately $422,688.00 as of September 26, 2022
• Local Law 11 work is complete; 2021 Certified Financial Statement attached as Exhibit "D"
• 2022 operating budget attached as Exhibit "C"
• NYS transfer tax paid by grantee is excluded from taxable consideration per Tax Law change effective July 1, 2021; NYC transfer tax still included

Amendment 27 Sep 14, 2021

This amendment updates the sponsor's unsold-unit financial disclosures, the 2021 budget and reserve fund assessment, and reserve fund status, and adds notices on Local Law 11 exterior repairs and the FinCEN all-cash reporting order.

• Sponsor's aggregate monthly common charges on Unsold Units approximately $56,803.44
• Sponsor's aggregate real estate taxes on Unsold Units approximately $177,876.56 (payable quarterly)
• Sponsor's aggregate monthly rents from Unsold Units approximately $109,546.80
• Sponsor's monthly assessment on Unsold Units approximately $8,520.52, imposed through December 31, 2021
• Board assessment of 15% of annual common charges for January 1, 2021 through December 31, 2021, as a reserve fund contribution
• Current monthly common charges approximately $1,888.61 per 1% interest in the common elements
• Local Law 11 exterior repairs of approximately $2,403,000 have commenced, funded from the reserve fund
• Reserve fund held approximately $88,501.36 as of August 17, 2021; 2021 budget attached as Exhibit C

Amendment 26 Sep 21, 2020

This amendment adds a new building smoking policy, reports 5% reserve fund assessments for 2019 and 2020 and the Local Law 11 exterior repairs they fund, updates the sponsor's unsold-unit financial disclosures, and attaches the 2020 budget and 2019 certified financial statement.

• New building smoking policy under Local Law 147, with fines of $100 for the first violation, $200 for the second, and $500 for each violation after that
• Reserve fund assessment of 5% of annual common charges imposed for January 1, 2019 through December 31, 2019, and again for January 1, 2020 through December 31, 2020
• Local Law 11 exterior renovations of approximately $1,506,000.00 underway, currently funded from the reserve fund
• Reserve fund held approximately $1,558,288 as of August 20, 2020
• Sponsor's unsold units: monthly common charges approximately $58,712.49, monthly assessment approximately $2,935.64 through December 31, 2020, real estate taxes approximately $164,519.48 payable quarterly, and monthly rents approximately $110,349.21
• 2020 operating budget attached as Exhibit C
• 2019 certified financial statement attached as Exhibit D
• Notice added of FinCEN Geographic Targeting Order, which requires title companies to report identities behind all-cash purchases of $300,000 or more in New York City