267-273 First Street Condominium

Amendment 6 Mar 22, 2010

Plan extended six months; budget and Schedule A updated for March 1, 2010 commencement with 10% reserve requirement; basement recreation rooms redesignated as accessory storage.

• Plan extended for additional six month period
• Annual reserve line item equal to 10% of Budget now required per FNMA guidelines
• First year operation anticipated to commence March 1, 2010
• Schedule B budget updated with reserve line item amount
• Schedule A revised for Common Charges based on updated Budget
• Schedule A updated to reflect 'as built' square footage of units
• Green house removed from Unit 4 floor plans; area now covered terrace
• Basement Recreation Rooms redesignated as Accessory Storage (not usable as living space per NYC Building Code)

Amendment 5 Sep 1, 2009

Declares the offering plan effective after achieving 22.22% purchase agreements from two units.

• Plan declared effective August 18, 2009
• Two units sold representing 22.22% of nine residential units
• No closings until 30 days after effectiveness and after amendment is filed and distributed
• No material changes to the budget

Amendment 4 Jul 13, 2009

The offering plan is extended for six months, with first year of condominium operation now anticipated to commence November 1, 2009.

• Plan extended for additional six month period
• First year of condominium operation anticipated to commence November 1, 2009
• No sales have taken place as of amendment date

Amendment 3 Dec 24, 2008

The plan is extended six months; revised building plans approved with unit reconfigurations; Certificate of Occupancy anticipated May 1, 2009; budget and common charges updated for first year operation starting June 1, 2009.

• Plan extended for additional six month period; no sales as of amendment date
• Revised Building Plans approved February 25, 2008; renewed Building Permit issued February 29, 2008
• Certificate of Occupancy anticipated on or about May 1, 2009
• Recreation rooms with full baths at cellar level now storage rooms with half baths
• Open lofts in units 7 and 9 now enclosed attic areas
• Common element percentages changed; one exterior garage now a condominium unit for purchase
• Schedule A revised with new common charges and 421a tax abatement reflected; first year operation June 1, 2009
• Budget updated for first year operation; total common charges $55,800 annually ($4,650 monthly)

Amendment 2 May 18, 2007

Plan extended six months; budget updated for first year operation starting September 1, 2007; Schedule A common charges revised.

• Plan extended for additional six month period
• Budget updated for first year of condominium operation anticipated to commence September 1, 2007
• Annual Common Charges: $48,750
• Construction of premises anticipated complete on or about July 1, 2007
• Schedule A revised to reflect Common Charges based on updated Budget
• No sales have taken place as of the amendment date

Amendment 1 May 3, 2006

Interior layouts of units have been changed with revised floor plans from Scarano & Associates Architects.