233 18th Street Condominium (233 Eighteenth)

Amendment 6 Jan 13, 2025

This amendment updates the list of unsold units and their prices, the sponsor's monthly costs and rental income, the attached 2025 budget and 2023 financial statements, the board members, and a federal reporting notice for certain purchases, and extends the plan's use for twelve months from acceptance for filing.

• Unsold units listed as of January 3: one commercial unit C2 at $650,000 and parking units P1, P8 and P11 at $125,000 each
• Monthly Common Charges and Real Estate Taxes listed for each unsold unit (Exhibit "A")
• Sponsor pays $652.00 monthly Common Charges and $1,500.71 monthly real estate taxes for the Unsold Units
• Sponsor's monthly rent from tenants totals $5,263.82 (one commercial unit, three parking units, five storage spaces)
• 2025 Budget attached as Exhibit "B": total projected income $148,584, total property expenses $147,500, net income $1,084
• Financial Statements for the year ending December 31, 2023 attached as Exhibit "C"
• Board of Managers members listed: Robert Stevenson (President), Michael Lamb (VP), Alan McLean (Secretary)
• FinCEN update: title companies must report identities of certain purchasers in residential closings on or after April 14, 2025 under the updated Geographic Targeting Order

Amendment 5 Nov 13, 2023

Amendment No. 5 updates the unsold-unit list and prices, the sponsor's monthly costs and rental income, the 2024 budget, the 2022 financial statements and the Board of Managers list, and extends the plan's usable period by six months.

• Unsold units as of September 18, 2023: one (1) commercial unit, three (3) parking spaces and six (6) storage licenses; current prices C2 $650,000, P1 $125,000, P8 $125,000, P11 $125,000
• Budget replaced with 2024 budget (Exhibit B): projected income $148,584.00, total expenses $141,546.40, net income $7,037.60
• Sponsor currently pays $625.00 monthly Common Charges and $1,394.25 monthly real estate taxes on unsold units
• Sponsor receives $5,139.24 monthly rent from leased commercial unit, parking spaces and storage spaces
• Certified financial statements for year ending December 31, 2022 added (Exhibit C)
• Board of Managers members listed as of this amendment, with Dave Whissel as President
• Plan may be used for six (6) months from the date this Amendment is accepted for filing; further extension to be filed later

Amendment 4 Oct 25, 2022

This amendment updates the unsold inventory and prices as of October 25, 2022, reports the sponsor's rental income and Common Charge collections, confirms the sponsor's obligations and the budget status, updates the Board of Managers, and extends the plan's use period.

• As of October 25, 2022: three (3) unsold parking space units and six (6) unsold storage space licenses; Exhibit A lists current prices
• Unsold unit prices: C2 $650,000; P1, P8 and P11 $125,000 each; S9, S11, S12, S13, S14 and S16 $20,000 each
• Sponsor has begun collecting Common Charges
• Sponsor leases one (1) commercial unit, three (3) parking units and four (4) storage licenses, for total monthly rent of $4,908.00
• Sponsor has no financial obligations to the Condominium due within the next 12 months
• Unsold units are not subject to any mortgages or financing commitments
• First annual meeting held March 2022; Board of Managers members updated, with Nicholas G Malafis representing Sponsor
• Budget unchanged; plan may be used for six (6) months from the date this Amendment is accepted for filing

Amendment 3 Mar 14, 2022

This amendment reports status updates for 233 18th Street Condominium, including the first closing, the temporary certificate of occupancy, unsold units, sponsor control of the board, and an extension of the plan's use period, with the budget unchanged.

• Temporary Certificate of Occupancy effective January 19, 2022; sponsor estimates $5,000.00 to obtain permanent Certificate of Occupancy
• Declaration recorded November 18, 2021; first closing December 3, 2021 for Residential Unit # 2E, Parking Space Unit # 12 and storage space # 17
• Working capital $20,291.00 and reserve fund balance $2,500.00, both as of February 7, 2022
• Real estate taxes not separately assessed per unit; sponsor paid building taxes January 1, 2022 through June 30, 2022
• As of February 1, 2022: two Unsold Commercial Units and three Unsold Parking Space Units, listed in Exhibit "B"
• Sponsor still holds a majority of the Board of Managers
• Budget for first year of operation unchanged; no financial statements available yet
• Plan may be used for six (6) months from acceptance of this amendment for filing, then extended by further amendment