269-271 14th Street Condominium

Amendment 5 2021

This amendment offers six cellar storage licenses for sale, creates a Storage Area out of part of Unit 271-1A, sets the price of Unit 269-1A at $1,750,000, and revises common interest percentages for 14 units.

• Six storage licenses offered for sale at the prices in Schedule A-1 ($15,000.00 each)
• Storage licensees' purchase funds held in escrow until a TCO or FCO covers the storage space; license fees not collected until then
• Offering price of Unit 269-1A set at $1,750,000
• New Storage Area created in the cellar, taken from part of Unit 271-1A, which loses cellar space
• Cellar-level front areaway changed from a limited common element of Unit 271-1A to a common element
• Common interest percentages changed for Units 269-2A, 269-2B, 269-3B, 269-4A, 271-1A, 271-2A, 271-3B, 271-PH, P-1, P-2, P-4, P-5, P-6 and P-7
• Areaways description rewritten, including maintenance duties of the owners of Units 269-1A and 271-1A
• Final Certificate of Occupancy issued for the Building and all Units

Amendment 4 Oct 22, 2020

This amendment declares the plan effective, changes the prices of three units, names First Class Management, Inc. as managing agent, and lowers the first-year insurance and management fee budget figures.

• Plan declared effective: two Residential Units (15%) under purchase agreements
• Unit 269-4A offering price set at $1,275,000.00
• Unit 271-3B offering price set at $1,599,000.00
• Unit 271-PH offering price set at $2,295,000.00
• First Class Management, Inc. named managing agent for the first year
• Insurance budget reduced from $17,250 to $12,430 per year; building coverage $5,700,000 (was $6,000,000); liability $1,000,000/$2,000,000 (was $2,000,000/$4,000,000); water damage liability no longer included
• Management fee budget reduced from $18,000 to $7,800 per year
• Schedule A (Exhibit C) updated for the new prices and estimated Common Charges

Amendment 3 Sep 15, 2020

This amendment changes the offering prices of three units: 269-PH, 271-1A, and 271-2A.

• Offering price of unit 269-PH amended to $2,695,000
• Offering price of unit 271-1A amended to $2,200,000
• Offering price of unit 271-2A amended to $590,000

Amendment 2 Apr 30, 2020

This second amendment moves the projected first closing to on or about December 1, 2020, switches the cooking ranges from Wolf to Viking, and revises floor plans, terraces and common areas for several units.

• First Unit closing projected on or about December 1, 2020; if the first closing is not within twelve months after that date, affected purchasers may rescind
• Each Residential Unit to get a 30” Viking cooking range instead of a 30” Wolf
• Unit P2 enlarged to 207 square feet and a fence added to one side
• Unit 269-PH penthouse roof terrace reduced to 950 square feet; bulkhead roof terrace revised to 660 square feet
• Unit 269-1A rear yard increased to 145 square feet with metal grating added; mechanical room added in cellar
• Mechanical room added in cellar of Unit 271-1A
• Penthouse common roof terrace increased to 565 square feet; bulkhead HVAC orientation revised; cellar meter room split into water and electrical meter rooms
• Schedule A amended, including a correction to estimated real estate taxes for the Parking Units; first-year Budget amended

Amendment 1 Mar 10, 2020

This amendment sets new offering prices for 16 units at 269 and 271 14th Street, including two penthouses and four P units, and states there are no other material changes to the plan.

• Offering prices amended for 7 units at 269 14th Street
• Offering prices amended for 5 units at 271 14th Street
• Units 269-PH and 271-PH priced at $2,950,000 and $2,475,000
• Units P-1, P-2, P-3 and P-5 each priced at $90,000
• No other material change since the plan was accepted for filing