3101 Ocean Parkway

Amendment 31 Nov 7, 2012

This amendment discloses that the Sponsor still holds 11 unsold apartments (2,735 shares), reports their carrying costs and the 2012 budget, and notes that residents now control the Board.

• Sponsor 3101 Realty LLC owns all unsold shares: 11 apartments, 2,735 shares (Exhibit A)
• Aggregate monthly maintenance on unsold shares is $5,525.15; aggregate monthly rents from unsold apartments is $8,238.54
• Present monthly maintenance is $2.023 per share
• No unsold shares are subject to mortgages or financing commitments
• No financial obligations due within 12 months other than maintenance
• Resident shareholders control the Board after a Sponsor representative voluntarily withdrew
• Budget for the year ending December 31, 2012 annexed (Exhibit B)
• Certified financial statement for the year ended December 31, 2011 annexed (Exhibit C)

Amendment 30 Oct 20, 2011

The Sponsor, 3101 Realty LLC, still owns 12 unsold apartments (2,985 shares), the resident directors now control the Board after a Sponsor representative withdrew, and the 2011 budget and 2010 certified financials are attached.

• Resident directors control the Board of Directors after a Sponsor representative voluntarily withdrew
• Budget for the year ending December 31, 2011 attached as Exhibit B
• Certified financial statement for the year ended December 31, 2010 attached as Exhibit C
• Present monthly maintenance is $1.798 per share
• Sponsor 3101 Realty LLC owns 12 unsold apartments totaling 2,985 unsold shares (Exhibit A)
• Aggregate monthly maintenance on unsold shares is $5,369.86; aggregate monthly rents from unsold apartments are $8,906.35
• None of the unsold shares are subject to mortgages or financing commitments
• No financial obligations due within 12 months of this Amendment other than maintenance

Amendment 29 Oct 20, 2010

This Twenty Ninth Amendment discloses the Sponsor's unsold shares and their carrying costs, reports that Resident Directors now control the Board, adds a disclosure on J-51 tax benefits and possible deregulation of rent-stabilized apartments, and attaches a 2010 budget and 2009 financial statements.

• 13 unsold apartments (3,305 unsold shares) remain with Sponsor 3101 Realty LLC; listed in Exhibit A
• Sponsor representative withdrew from the Board; Resident Directors now control the Board
• New disclosure on the Roberts v. Tishman Speyer decision and possible deregulation of rent-stabilized apartments receiving J-51 benefits; buyers of occupied units should consult counsel
• Aggregate monthly maintenance on unsold shares is $5,945.53; aggregate monthly rents from those apartments are $9,465.21
• No unsold shares are subject to mortgages or financing commitments; no obligations due within 12 months other than maintenance
• Present monthly maintenance is $1.798 per share
• Budget for the year ended 12/31/10 attached as Exhibit B; 2009 certified financial statements attached as Exhibit C
• Lists 12 other buildings in which Sponsor 3101 Realty LLC or a principal owns more than 10%

Amendment 28 Jul 2, 2009

This Twenty Eighth Amendment updates the unsold-share inventory (14 apartments, 3,545 shares, all held by Sponsor 3101 Realty LLC), reports that resident directors now control the Board, and annexes 2008 financial statements and 2008–2009 budgets.

• Unsold shares: 14 apartments, 3,545 shares, all held by Sponsor 3101 Realty LLC (Exhibit A)
• Aggregate monthly maintenance on unsold shares is $6,377.27
• Aggregate monthly rents from unsold apartments is $9,721.83
• Resident Directors now control the Board after a Sponsor representative withdrew
• Budget for year ended December 31, 2008 and proposed budget for 2009 annexed (Exhibit B)
• Certified financial statements for year ended December 31, 2008 annexed (Exhibit C)
• Present monthly maintenance is $1.799 per share
• No obligations due within 12 months other than maintenance; unsold shares not subject to mortgages or financing commitments

Amendment 27 Jun 30, 2008

This amendment updates the sponsor's unsold-share figures, the board roster, the 2008 budget, the 2007 financial statements, and a 2% increase in monthly maintenance to $1.713 per share.

• Monthly maintenance is $1.713 per share, an increase of two (2%) percent
• Resident Directors control the Board of Directors after a Sponsor representative withdrew
• Sponsor 3101 Realty LLC still holds 16 unsold apartments (3,970 unsold shares), listed in Exhibit A
• Unsold shares carry $6,801.70 in aggregate monthly maintenance and $11,603.00 in aggregate monthly rent
• No unsold shares are subject to mortgages or financing commitments
• 2008 budget attached as Exhibit B, with total income and total expenses of $682,644
• 2007 certified financial statements attached as Exhibit C

Amendment 26 May 11, 2007

This amendment updates the list of unsold apartments and their carrying costs, attaches the 2007 budget and 2006 financial statements, reports a board change, and corrects the monthly maintenance figure from the Twenty Fifth Amendment.

• All unsold shares (17 apartments, 4,220 shares) are owned by Sponsor 3101 Realty LLC
• Unsold shares carry aggregate monthly maintenance of $7,230.02 and aggregate monthly tenant rent of $11,925.73
• Present monthly maintenance is $1.713 per share, a 2% increase
• Twenty Fifth Amendment's maintenance figure of $1.994 per share corrected as inadvertently misstated
• Resident Directors control the Board after a Sponsor representative withdrew
• Budget for the year ending December 31, 2007 attached as Exhibit B
• Certified financial statements for the year ended December 31, 2006 attached as Exhibit C
• No unsold shares are subject to mortgages or financing commitments, and no obligations other than maintenance come due within 12 months

Amendment 25 May 11, 2006

This amendment updates the unsold-share figures held by Sponsor 3101 Realty LLC, reports the 2006 budget and 2005 financial statements, and notes that the Resident Directors now control the Board.

• Resident Directors control the Board after a Sponsor representative withdrew
• 18 unsold apartments (4,470 unsold shares) held by Sponsor 3101 Realty LLC, listed in Exhibit A
• Unsold shares are not subject to mortgages or financing commitments
• Aggregate monthly maintenance on unsold shares is $7,658.34; aggregate monthly rents from unsold apartments are $12,064.19
• Present monthly maintenance is $1.994 per share
• Budget for the year ending December 31, 2006 annexed as Exhibit B, with total income and total expenses of $648,013
• Certified financial statements for the year ended December 31, 2005 annexed as Exhibit C
• No financial obligations due within 12 months from the amendment date other than maintenance

Amendment 24 Mar 4, 2005

The amendment reports that the Sponsor, 3101 Realty LLC, still owns all unsold shares, updates unsold-share income and charges, and attaches the 2005 budget and 2003 financial statements.

• Sponsor 3101 Realty LLC owns all unsold shares: Unsold Apts. - 22, Unsold Shares - 5,395
• Aggregate monthly maintenance charges on unsold shares are $9,061.87
• Aggregate monthly rents from tenants of unsold apartments are $16,689.84
• Unsold shares are not subject to mortgages or financing commitments
• No financial obligations due within 12 months other than maintenance
• Present monthly maintenance is $1.680 per share
• Budget for the year ending December 31, 2005 annexed as Exhibit B
• Resident Directors control the Board after a Sponsor representative withdrew

Amendment 23 Mar 17, 2004

The amendment reports on the unsold shares still held by Sponsor 3101 Realty LLC, updates the board's control, and attaches the 2004 budget and 2002 financial statements.

• Sponsor 3101 Realty LLC still owns all unsold shares: 28 apartments and 6,950 shares (Exhibit A)
• Unsold shares carry $11,673.79 in aggregate monthly maintenance and $20,263.86 in aggregate monthly rent income
• No unsold shares are subject to mortgages or financing commitments
• Resident directors control the Board after a Sponsor representative withdrew
• Budget for the year ending December 31, 2004 attached as Exhibit B
• Present monthly maintenance is $1.680 per share
• SCRIE amount owed to the Sponsor was paid by the Apartment Corporation in 2003
• Certified financial statements for the year ended December 31, 2002 attached as Exhibit C

Amendment 22 Oct 21, 2002

This amendment updates the list of unsold shares held by the sponsor, 3101 Realty LLC, reports their maintenance and rental income, shifts board control to the resident directors, and attaches the 2002 budget and 2001 financial statements.

• 36 unsold units (8,875 shares) are held by Sponsor 3101 Realty LLC, listed in Exhibit A
• Aggregate monthly maintenance on unsold shares is $14,473.00 and aggregate monthly rent from unsold apartments is $24,260.92
• None of the unsold shares are subject to mortgages or financing commitments
• Sponsor representative withdrew from the Board, so resident directors now control it; Board list is updated
• Budget for the year ending December 31, 2002 annexed as Exhibit B
• Certified financial statements for the year ended December 31, 2001 annexed as Exhibit C
• Present monthly maintenance is $1.631 per share
• Buyers should be cautious in a building where the Sponsor holds more than thirty-five (35%) percent of the unsold shares, since financing and resale may be difficult