2335 Bath Avenue Condominium

Amendment 6 Nov 13, 2024

This Sixth Amendment updates the first-year budget to start January 1, 2025, adds a final certificate of occupancy, and extends the offering plan's terms by six months.

• First-year budget updated for January 1, 2025 through December 31, 2025, with total $54,168
• Budget certified by Harry Gottlieb, dated October 31, 2024
• Final certificate of occupancy issued February 6, 2025 (Exhibit II shows Date Issued 02/06/2024)
• Offering plan terms extended six (6) months

Amendment 5 Apr 3, 2024

This Fifth Amendment updates the offering prices of the listed units, changes the escrow agent to Raquel Vasserman, Esq. with a new escrow account, attaches a revised Purchase Agreement, and extends the plan's term by six months.

• Offering prices updated for Units 1A through 3C; Unit 3C is listed twice, at $776,570.00 and $756,820.00
• Escrow agent changed to Raquel Vasserman, Esq., 626 Sheepshead Bay Road, Suite 730, Brooklyn, NY 11224
• Buyer deposits to be held in the 'Korenblit & Vasserman PLLC Attorney Escrow Account IOLA' at Flagstar Bank, 118-35 Queens Blvd. Suite 410, Forest Hills NY 11375
• Escrow account covered by FDIC insurance up to $250,000.00 per individual deposit; amounts above that are not insured
• Plan term extended six (6) months
• Revised Escrow Agreement & Purchase Agreement attached as Exhibit I

Amendment 4 Nov 13, 2023

The Sponsor declared the plan effective as of August 15, 2023, after purchase agreements were received for Units 2A and 3A, and extended the offering plan's terms by six (6) months.

• Plan declared effective by written notice dated August 15, 2023 (the "Effective Date")
• Executed purchase agreements received for two (2) Units, 2A and 3A, representing sixteen (16%) percent of units being sold
• Offering plan terms extended for six (6) months
• Exhibit A also lists unit P7 (purchase agreement dated 12/13/2019), which the amendment text does not name

Amendment 3 Aug 21, 2023

This third amendment updates the first-year budget to start January 2024, reports that construction is complete with a certificate of occupancy expected by December 1, 2023, offers all purchasers a 15-day right of rescission, and extends the plan's terms by six months.

• Budget for the first year of condominium operation updated, with a commencement date of January 2024
• Projected first-year common charges total $54,168
• Construction complete and all work permits signed off; all units are vacant
• Certificate of occupancy expected on or before December 1, 2023
• Right of rescission offered to all purchasers, exercisable within fifteen (15) days after notice; rescission election form attached as Exhibit II
• Offering plan terms extended for six (6) months

Amendment 2 Feb 22, 2023

This amendment extends the offering plan by six months and notes that Raquel M. Vasserman, not Konstantinos Volakos, Esq., is now the attorney submitting the amendment; it states there are no other changes.

• Offering Plan extended by six (6) months from the date of this amendment
• Attorney submitting the amendment is Raquel M. Vasserman of Korenblit & Vasserman, PLLC, instead of Konstantinos Volakos, Esq. named in the plan for the Sponsor's first year
• No other changes to the Offering Plan

Amendment 1 Dec 26, 2019

This amendment raises the prices of the 12 residential homes, updates the budget to begin January 1, 2023, removes the transfer tax gross-up for buyers, and changes the condenser equipment and its location.

• Prices of 12 residential homes raised (1A to 3D); total 8,202,000 changed to 8,803,560
• Parking P1-P8 prices unchanged at 400,000
• Budget updated, commencing January 1, 2023
• Final Certificate of Occupancy expected on or about September 1, 2022, with closings before January 1, 2023
• Post-construction real estate tax projection updated
• Transfer tax gross-up removed under NY law effective July 1, 2021; buyers still pay the transfer tax
• Condensers moved to the roof above the third floor; units changed to Gree Electric, model Multi36HP230V1CO
• Offering plan extended