Sorting House Condominium

Amendment 12 2017

As of May 1, 2017, all 30 residential units were subject to existing purchase agreements.

• All 30 residential units subject to existing purchase agreements as of May 1, 2017
• No residential units occupied by tenants
• Units mortgaged to Pacific Western Bank
• Sponsor current on all financial obligations

Amendment 11 Aug 26, 2016

Common Interests reallocated among units, Common Charges reduced, unit floor plans revised, and condominium documents updated.

• Common Interests adjusted: Residential Units 48.6023%, Commercial Unit 51.1416%, Rooftop Terrace Unit .2561%
• Residential Units' projected Common Charges reduced from $553,577 to $547,416
• Commercial Unit Owner's projected Common Charges reduced from $142,415 to $99,486
• Floor plans revised for Units 3B, 3I, 3P, 3Q, 4H, and PH-B, with Unit 4H and PH-B requiring NYC DOB approval expected within 60 days
• Virtual doorman system replaced with cloud-based video intercom system at $5 per month per Residential Unit Owner
• Replacement Reserve reduced from $63,307 to $29,328 based on Reserve Fund Study
• Services amended to specify two full-time porters
• Sound attenuation measures added to Commercial Unit; USPS retains right to designate one Board member if it remains the owner

Amendment 10 2016

The Sponsor declares the Offering Plan effective, having received valid Purchase Agreements for 28 of 30 residential units (93.33%).

• Plan declared effective as of this Tenth Amendment
• 28 of 30 residential units under valid Purchase Agreements as of March 22, 2016
• No material changes to the Offering Plan except as stated

Amendment 9 Jan 22, 2015

Price increased for one unsold unit.

Amendment 8 Jan 13, 2016

Prices increased for three units.

• Unit 3L price raised to $1,750,000
• Unit 3M price raised to $1,750,000
• Unit 4G price raised to $2,750,000

Amendment 7 Jan 4, 2016

Sponsor increased prices for three units.

• Unit M price increased to $2,881,000
• Unit M price increased to $2,881,000
• Unit 3A price increased to $2,881,000

Amendment 6 Dec 15, 2015

Price of Unit 4A increased.

Amendment 5 Dec 4, 2015

Prices increased for three units.

• Unit 3H price raised to $2,450,000
• Unit 4H price raised to $2,450,000
• Unit PHE price raised to $2,225,000
• Schedule A prices increased for 1 home (median +8.9%): 3H $2,250,000 → $2,450,000
• Schedule A prices decreased for 1 home (median -6.7%): 4H $2,625,000 → $2,450,000

Amendment 4 Nov 24, 2015

Prices increased for four units.

• Unit 3A price increased to $323254100
• Unit 36 price increased to $1,424,500
• Unit 4C price increased to $2,425,000
• Unit 41) price increased to $2.400000

Amendment 3 Nov 17, 2015

Prices increased for 10 units on the third floor.

• Unit 3E price raised to $899,000
• Unit 3F price raised to $935,000
• Unit 3H price raised to $2,250,000
• Unit 3J price raised to $1,750,000
• Units 3K, 3L, 3M, 3N, 3P, 3Q price raised to $1,725,000 each
• Schedule A prices increased for 10 homes (median +4.5%): 3E $850,000 → $899,000; 3F $850,000 → $935,000; 3H $2,150,000 → $2,250,000; 3J $1,695,000 → $1,750,000; ...

Amendment 2 Nov 16, 2015

Prices increased for 8 units.

• Unit 3B price raised to $1,695,000
• Unit 4A price raised to $2,475,000
• Units 4B, 4C, 4D, 4E, 4F price raised to $2,350,000
• Unit 4G price raised to $2,600,000
• Schedule A prices increased for 8 homes (median +4.4%): 3B $1,625,000 → $1,695,000; 4A $2,375,000 → $2,475,000; 4B $2,250,000 → $2,350,000; 4C $2,250,000 → $2,350,000; ...

Amendment 1 Nov 9, 2015

Prices increased for three units.

• Unit 4K price raised to $1,995,000
• Unit PHB price raised to $2,150,000
• Unit PHC price raised to $2,150,000
• Schedule A prices increased for 3 homes (median +7.8%): 4K $1,775,000 → $1,995,000; PH - B $1,995,000 → $2,150,000; PH-C $1,995,000 → $2,150,000