288 Water Street Condominium

Amendment 1 Jul 7, 2022

Amendment updates utility projections, revises floor plans and square footages for two units, clarifies property specifications including wall and roof construction, and extends the offering term by six months.

• Electricity expenses increased to $17,197.00 annually; water and sewer charges increased to $9,940.00 annually
• Unit 1A square footage changed from 1,897 SF to 1,898 SF; Unit PH changed from 2,352 SF to 2,364 SF
• Two parking spaces reclassified from limited common elements to separate tax lots; handicap space removed
• Front façade and side walls construction specified as tile veneer over metal studs with detailed fire-rated assembly; rear wall as EIFS stucco finish
• Lot-line windows added to Units 2A, 3A, and 4A; Unit PH openings within 30 feet of lot line but not directly on it
• Roof cabanas removed; private roof terraces with fenced sections confirmed for Units 3A, 3B, 4A, 4B, and PH with maximum 13 occupants
• No gas service in building; outdoor kitchens to have electric or charcoal grills; cable service changed from Spectrum to Verizon Fios
• Kitchen appliances changed from Bosch to Gaggenau; bathtubs from Ibani (master) and Duravit (secondary); countertops specified as white Calacatta marble; cabinets as white oak wood veneer
• Schedule A prices increased for 6 homes (median +5.7%): 2A $2,350,000 → $2,548,000; 2B $2,420,000 → $2,558,000; 3A $2,375,000 → $2,488,000; 3B $2,400,000 → $2,498,000; ...
• Schedule A prices decreased for 2 homes (median -8.6%): 1A $3,500,000 → $3,200,000; PH $3,800,000 → $3,200,000