Six Garfield Condominium

Amendment 4 Jul 13, 2022

Prices for nine units are updated.

• Unit 301: $1,175,000
• Unit 401: $1,195,000
• Unit 404: $840,000
• Unit 501: $1,220,000
• Unit 601: $2,225,000
• Unit 701: $2,250,000
• Unit PH1201: $2,320,000
• Unit PH1202: $4,250,000

Amendment 3 Mar 31, 2022

Amendment updates construction completion to July 1, 2022, revises property taxes (41% increase), changes pet policy to allow three animals, adjusts unit prices, and extends the offering plan term by six months.

• First Unit Closing pushed from January 1, 2022 to July 1, 2022
• Rescission deadline extended to July 7, 2024 for existing purchasers; June 30, 2023 for new purchasers
• Property taxes increased approximately 41% from prior disclosure
• Pet policy revised to allow up to three animals per unit
• 16 units repriced, ranging from $795,000 to $4,200,000
• Schedule A updated with new common charges and real estate tax projections for 2022/2023 tax year
• Offering plan term extended six months from amendment date

Amendment 2 Dec 17, 2021

Amendment corrects Unit PH 1202 square footage, revises Special Risk 7 and budget to remove anticipated easement income, fixes floor plan errors, updates tax law application, and extends offering plan by six months.

• Unit PH 1202 Limited Common Elements corrected to 912 square feet
• Common Interests reverted to original amounts from Offering Plan
• Special Risk 7: easement agreement will be recorded before end of Sponsor Control Period; 265 4th Avenue payments to commence within three months of Certificate of Occupancy
• First Year budget updated to remove previously included income from 265 4th Avenue easement
• Units 303 and 1102 bedrooms on east façade do not have lot line windows
• Floor plans for Unit 804 and 904 corrected
• New York State Real Estate Transfer Tax calculation revised under amended Tax Law effective July 1, 2021
• Offering Plan extended six months from December 17, 2021

Amendment 1 Oct 22, 2020

Amendment updates expected closing date to January 1, 2022, revises unit prices, corrects floor plans and specifications, and adjusts common charges based on revised first-year budget.

• First Unit Closing expected January 1, 2022 (delayed from January 1, 2021); rescission rights tolled under Executive Order 202.18 plus 120 days
• Purchase prices updated for 27 units and 2 licensed spaces (S25: $23,000; S26: $26,000)
• Square footage revised for Units 803, 804, 903, 904; floor plans corrected for columns, closets, and lot line windows
• Sponsor's attorney firm renamed to Marans Newman Tsolis & Nazinitsky LLC; escrow account updated
• All dryers changed to electric; 3 gas meters instead of 4
• Lot line windows added to 11 units on east and north facades; fire protection required per zoning agreement
• Construction substantially complete and TCO expected by December 1, 2021
• Environmental remediation closure report expected by end of October 2021; Notice of Satisfaction by end of December 2021