285 Driggs Avenue Condo

Amendment 5 Aug 8, 2008

Amendment clarifies unit numbering, documents first closing and occupancy status, and provides sponsor financial disclosures and updated budget.

• First unit closed August 12, 2008
• Temporary Certificate of Occupancy issued July 22, 2008; renewed January 12, 2009
• Declaration of Condominium recorded July 25, 2008
• Working capital fund of $5,424.00 deposited with Seaside Condo Management
• Sponsor holds 7 residential units and 5 parking units
• Units renumbered from 1-12 to 1A-8A format in Declaration
• First board meeting held March 4, 2009
• Budget certified for September 1, 2008 start date with total expenses of $33,095

Amendment 4 Jul 10, 2008

Roof on eighth floor allocated to Unit 12F as limited common element, and offering plan period extended.

• Roof on top of eighth floor allocated as limited common element to Unit 12F
• Unit 12F owner responsible for repairs and maintenance of roof portion
• Offering plan extended for greater of six (6) months from amendment filing date or twelve (12) months from original filing date

Amendment 3 Feb 8, 2008

Amendment reallocates parking spaces, updates unit designations, revises budgets and schedules, changes sponsor's attorney address, and declares the plan effective.

• Total of 5 parking spaces offered for sale (down from 7); Unit 8A no longer allocated a parking space
• Parking units renumbered to P1, P2, P3, P4, P5
• Units 3A, 5A, and 7A designated as Studio apartments
• First year of operation updated to February 1, 2008
• Percent common interests revised and slightly reduced
• Plan declared effective January 28, 2008; 4 residential units sold representing approximately 33% of 12 units
• Sponsor's attorney address changed to N.C. Caller P.C., 4309 13th Avenue, Brooklyn, NY 11219
• Offering plan extended for greater of 6 months from filing or 12 months from original filing date

Amendment 2 Dec 4, 2007

Offering prices for 12 units are amended.

• Unit 1A price: $1,112,000.00
• Unit 1B price: $1,152,000.00
• Unit 2A price: $1,342,000.00
• Unit 3A price: $558,000.00
• Unit 3B price: $654,000.00
• Unit 4A price: $1,342,000.00
• Unit 5A price: $558,000.00
• Unit 5B price: $654,000.00

Amendment 1 Jul 30, 2007

First amendment revises unit layouts, parking allocations, pricing, common areas, mechanical systems, and closing fees.

• Microwave will not be provided
• Four parking spaces offered for sale; units 1A, 1B, and 8A each allocated one space
• Part of roof designated as common roof deck for all units
• Units renumbered by floor and alphabetical letter
• Revised square footage, percent common interests, and offering prices on Schedule A
• First year of operation updated to August 1, 2007; real estate tax estimates revised including 421-a benefits
• Schedule B budget modified with revised management fee and new operation date of August 1, 2007
• Closing fees: $1,250 to N.C. Caller P.C. plus $250 for mortgage work; $250 attendance fee if outside office; $200/hour if closing exceeds 2 hours