3203 Nostrand Avenue/ Seville

Amendment 27 Feb 25, 2020

This amendment updates the figures for the 9 unsold apartments owned by 3203 Realty Co., LLC as of February 18, 2020, and adds disclosures on finances, budget, transfer taxes and J-51 status.

• Unsold shares: schedule of 9 apartments owned by 3203 Realty Co., LLC attached as Exhibit A
• Aggregate monthly maintenance on unsold shares approximately $7,054.00 and aggregate monthly rent from their tenants approximately $8,257.00, as of February 18, 2020
• Maintenance per share $2.58 per month, as of February 18, 2020
• None of the apartments owned by 3203 Realty are subject to mortgages or financing commitments
• 2019 financial statement not yet available; 2018 and 2017 financial statements attached as Exhibit C
• 2020 calendar year budget not yet available
• New York State transfer tax additions: supplemental tax on NYC residential sales of $2 million or more, which the buyer is required to pay
• J-51: building not receiving benefits for 2018/2019; no units deregulated since the previous amendment

Amendment 26 Apr 1, 2019

This amendment updates the sales and financial disclosures for the 10 unsold apartments held by 3203 Realty Co., LLC, adds a building smoking policy as Rule 10.9, and attaches the 2017 and 2016 financial statements and the 2019 budget.

• Unsold Shares (10 apartments) aggregate monthly maintenance approximately $7,920.00 as of March 20, 2019
• Monthly rent from tenants of unsold units approximately $8,984.00 as of March 20, 2019
• Maintenance per share $2.58 per month as of March 20, 2019
• Smoking banned in all common areas as new Rule 10.9; smoking allowed inside units if smoke and vapors are kept from escaping
• Financial statements for years ended December 31, 2017 and 2016 attached; 2018 statements not yet available
• 2019 Budget and Letter from the Managing Agent attached
• Board of Directors listed as John Main, Alexander Kukuy, Cecily Wexler, Khoren Onanyan and Gennadiy Trakhtman
• FinCEN Form 8300 reporting notice added for residential closings on or after November 17, 2018

Amendment 25 Apr 19, 2018

The amendment text is too garbled by OCR to identify any changes to the plan.

Amendment 24 Apr 28, 2017

The OCR text is too garbled to read, so this amendment's changes cannot be identified.

Amendment 23 Jun 6, 2016

The amendment text is unreadable OCR noise, so no changes to the plan can be identified.

Amendment 22 Jun 23, 2015

The OCR text is too garbled to identify any changes to the plan.

Amendment 21 Feb 12, 2014

The OCR text contains no readable words, numbers, or dates, so the amendment's changes cannot be identified.

Amendment 20 Feb 12, 2013

The OCR text is too garbled to read, so no changes to the plan can be identified.

Amendment 19 Jul 13, 2011

This amendment updates the Plan's disclosures on the 19 unsold apartments held by 3203 Realty Co., LLC, adds the sponsor's financial and litigation status, and attaches the 2009 and 2010 financial statements, with no 2011 budget yet available.

• Unsold shares: 19 apartments, 6,213 shares, held by 3203 Realty Co., LLC
• As of June 20, 2011: aggregate monthly maintenance payable by 3203 Realty was $12,694.50 and aggregate monthly rent from unsold units was $14,254.91
• As of June 20, 2011: maintenance per share was $2.0432 per month
• Update on BRUSH et al. v. Pinnacle Group NY, LLC and Joel Wiener (RICO and consumer protection claims by tenants); court has not ruled on the merits
• J-51 benefits for fiscal year 1986/1987 expired in the 2010/2011 fiscal year; no new J-51 benefits granted and no units de-regulated since the prior amendment
• Schedule of 25 other buildings where 3203 Realty holds 10% or more of shares or units added as Exhibit B
• Certified 2009 and 2010 financial statements attached as Exhibit C; the 2011 budget is not available
• Board of Directors listed as John Main, Alex Kukuy, Cecily Waxler, Nicole Hargraves, Victor Kataklov and Hemy Trahmon; 3203 Realty does not control the board

Amendment 18 Jun 24, 2010

This amendment lists the 20 unsold units held by 3203 Realty Co., LLC with their shares, gives that holder's maintenance and rent figures as of June 9, 2010, adds J-51 rent-protection disclosure, and attaches 2007-2008 financial statements and the 2009 budget.

• Schedule of 20 unsold units held by 3203 Realty Co., LLC (6,434 total shares) attached as Exhibit A
• As of June 9, 2010, aggregate monthly maintenance payable by 3203 Realty was $12,445.55
• As of June 9, 2010, aggregate monthly rent from tenants of unsold units was $14,623.84
• As of June 9, 2010, maintenance per share was $1.9343 per month
• J-51 tax benefits expected to expire during fiscal year 2010/2011; tenants may lose protection from high-rent deregulation, so buyers should consult counsel
• Financial statements for 2007 and 2008 attached as Exhibit C; 2009 budget attached as Exhibit D
• 2010 budget not yet available

Amendment 17 2006

This amendment updates the Plan with the unsold-share holder's (3203 Realty Co., LLC) unit schedule, finances, other building holdings, and board designees, attaches the 2005 and 2004 financial statements, and notes that no 2006 budget has been adopted yet.

• Unsold shares: 28 units held by 3203 Realty Co., LLC, listed as of June 15, 2006 (Exhibit A)
• As of June 15, 2006: monthly maintenance owed by 3203 Realty $16,969; monthly rent paid to it by tenants of unsold units $18,069; maintenance per share $2.0511
• 3203 Realty says it is current on its co-op obligations and has no obligations due in the next 12 months other than maintenance
• Unsold shares are not encumbered by a secured loan
• Board: Sid Newman (President), David Shaffren (Vice President), Cecily Wexlot (Secretary), Joel Wiener and Neil Wiener (3203 Realty designees); 3203 Realty does not control the board
• Financial report for years ended December 31, 2005 and 2004 attached (Exhibit C)
• Board has not yet adopted a budget for calendar year 2006
• Schedule of other buildings where 3203 Realty or its members and affiliates own 10% or more attached (Exhibit B)

Amendment 16 Mar 29, 2005

This Sixteenth Amendment attaches a schedule of the 34 unsold units held by 3203 Realty Co., LLC, reports the maintenance, rent, and financial disclosures for those units as of March 1, 2005, lists the current board, attaches the 2003 and 2002 financial report, and notes that no 2005 budget has been adopted.

• Unsold shares price per share increased (heading only; the new price is not stated in the text)
• Exhibit A lists the 34 units held by 3203 Realty Co., LLC and the shares allocated to them
• As of March 1, 2005, aggregate monthly maintenance on those units was $22,355
• As of March 1, 2005, aggregate monthly rent from tenants of those units was $19,384
• As of March 1, 2005, maintenance per share was $1.9796 per month
• 3203 Realty is current on its obligations to the Apartment Corporation, funds maintenance from tenant rent and future unit sales, and the unsold shares are not encumbered by a secured loan
• Current board: Sid Newman (President), David Shaffren (Vice President), Cecily Wexler (Secretary), Joel Wiener and Neil Wiener (3203 Realty designees); 3203 Realty does not control the board
• Financial report for the years ended December 31, 20032 and December 31, 2002 attached as Exhibit B; the board has not yet adopted a 2005 budget

Amendment 15 Mar 15, 2004

The Fifteenth Amendment raises the price per share for unsold shares held by 3203 Realty Co., LLC to $1,000.00 and adds financial disclosures about the sponsor's maintenance, rent, obligations and other buildings, plus the current board and the Apartment Corporation's 2002 and 2001 financial report.

• Price per share for unsold shares offered by 3203 Realty raised to $1,000.00
• Exhibit A schedules the 49 units owned by 3203 Realty and the shares allocated to them
• As of February 1, 2004, aggregate monthly maintenance payable by 3203 Realty was $25,189
• As of February 1, 2004, aggregate monthly rent paid to 3203 Realty by tenants of unsold units was $35,276
• As of February 1, 2004, maintenance per share was $1.85 per month
• Unsold Shares are no longer encumbered by a secured loan
• Board of Directors listed: Sid Newman (President), David Shaffren (Vice President), Cecily Wexler (Secretary), Joel Wiener and Neil Wiener (3203 Realty designees)
• Apartment Corporation has not yet adopted a budget for calendar year 2004

Amendment 14 Sep 9, 2002

This amendment discloses the finances of 3203 Realty Co., LLC, the holder of the unsold shares, including its unsold units, maintenance obligations, and a secured bank loan, and attaches the Apartment Corporation's financial statements and board list.

• Schedule of 59 unsold units held by 3203 Realty Co., LLC attached as Exhibit A
• As of July 1, 2002, aggregate monthly maintenance on unsold units was $30,273
• As of July 1, 2002, aggregate monthly rent from tenants of unsold units was $44,070
• As of July 1, 2002, maintenance per share was $1.85 per month
• Unsold units secured by New York Community Bank loan, original principal $1,631,000.00, maturing December 31, 2011, with monthly principal and interest of $11,404.19
• 3203 Realty states it is current on its Apartment Corporation obligations and has no known obligations due within 12 months beyond maintenance
• Board of Directors listed: Sid Newman, David Shaffren, Cecily Wexler, Joel Wiener and Neil Wiener, with two 3203 Realty designees; 3203 Realty does not control the board
• Financial Report for years ended December 31, 2001 and 2000, and 1999, attached as Exhibit B

Amendment 13 May 12, 1998

This amendment discloses that 3203 Realty Co., LLC acquired the unsold shares for 63 apartments and will publicly offer them, along with its ownership, loan, rent, maintenance and financial details.

• 3203 Realty Co., LLC acquired Unsold Shares for 63 co-op apartments from Nostrand Properties II, Inc. on March 5, 1997
• 3203 Realty will make a public offering of its Unsold Shares listed on Exhibit A
• Contract terms such as price, renovations, reduced downpayment and financing contingency may be negotiable
• 3203 Realty has not assumed the original sponsor's obligations to the Apartment Corporation or purchasers
• Apartments are pledged to Jay Furman: original loan principal $763,000.00 at ten and one-half percent, maturing March 31, 1999
• As of May 1, 1998, aggregate monthly maintenance is approximately $32,342.64 and aggregate monthly rent is approximately $34,238.48
• As of May 1, 1998, maintenance per share is $1.8808 per month
• Annexed Exhibit B is the Apartment Corporation's financial statement for the period ended December 31, 1997

Amendment 12 Nov 12, 1996

New Sponsor Nostrand Properties II, Inc. offers unsold apartments at Schedule A prices, updates its address and principals, and discloses River Bank America's security interest in the unsold units to Marine Midland Bank.

• Non-Purchasing Tenants may buy the unit they occupy at the outsider price, with a $1,000 down payment
• Other purchasers may buy vacant unsold apartments on a first-come, first-served basis, with a 10% down payment
• New Sponsor address changed to c/o RB Management LLC, 645 Fifth Avenue, 8th Floor, New York, New York 10022
• Edward L. Shugrue III resigned as a Vice President of the General Partner effective June 28, 1996; Keith Walker resigned as a Vice President of New Sponsor effective October 31, 1996
• Reserve Fund of $86,672 on deposit at Apple Bank as of September 30, 1996
• Unsold Apartments are subject to a security interest held by Marine Midland Bank
• Lead-based paint rider and pamphlet added as Exhibits C and D
• Plan may not be used after twelve (12) months following the Filing Date of this Amendment unless extended or amended

Amendment 11 Jun 26, 1996

This amendment offers the remaining unsold apartments for sale at Schedule A prices with a $1,000 down payment for non-purchasing tenants and 10% for other buyers, states that East River Savings Bank financing is no longer available, and updates the 1995 financial, budget, reserve fund, and mortgage information.

• Unsold apartments offered at Schedule A (Exhibit A) prices; vacant units sold first-come, first-served
• Non-purchasing tenants may buy the unsold apartment they occupy at the outsider price, with a $1,000 down payment
• Other purchasers' down payment is 10% of the purchase price
• East River Savings Bank financing no longer available to purchasers
• Sponsor may negotiate prices and terms with individual purchasers; price changes require an amendment only if across-the-board, advertised, or an increase for an individual purchaser
• 1996 budget not adopted; maintenance continues at the 1995 rate of approximately $22.61 per share per annum
• Reserve Fund of $83,895.86 on deposit at Apple Bank as of December 31, 1995
• Apple Mortgage term extended to December 1, 1999; monthly payment $19,851.66

Amendment 10 Jun 22, 1995

This Tenth Amendment offers the unsold apartments for sale at the Schedule A prices, with insider prices and East River financing for non-purchasing tenants, and updates the reserve fund, financial statements, budget, sponsor disclosures and escrow bank information.

• Unsold apartments offered for sale at the purchase prices in Schedule A (Exhibit A)
• Non-purchasing tenants may buy the unit they occupy at an insider price approximately 50% below the outsider price, with a $1,000 down payment
• East River financing offered: up to 102% of price for non-purchasing tenants (not exceeding 90% of appraised value) and up to 90% of price for other purchasers
• Down payment for purchasers who are not non-purchasing tenants set at 1.0% of the purchase price
• Reserve Fund stated as $91,376 on deposit at Apple Bank and Marine Midland Bank
• 1994 financial statements and 1995 Cooperative budget annexed as Exhibits C and D
• Sponsor's monthly maintenance charges to the Apartment Corporation approximately $39,692; monthly rents received from unsold apartment tenants approximately $35,060
• Purchaser deposits to be held in the Master Escrow Account at Bank Leumi Trust Company of New York

Amendment 9 Dec 20, 1994

The amendment names GFC Management Services, Inc. as the new selling agent and managing agent, designates two new Cooperative Board directors, attaches 1993 financial statements, and sets a twelve-month limit on using the plan unless it is extended or amended.

• GFC Management Services, Inc. retained by New Sponsor as Selling Agent
• GFC Management Services, Inc. retained by the Cooperative Board as Managing Agent for the Building
• Roman Khodosh and Jerry Migdol designated by New Sponsor as directors of the Cooperative Board
• 1993 financial statements of the Apartment Corporation annexed as Exhibit A
• Plan may not be used after twelve (12) months following the Filing Date of this Amendment unless extended or amended

Amendment 8 Aug 5, 1994

This amendment replaces the escrow agent holding buyer deposits with Haas, Greenstein, Cohen, Gerstein & Starr, P.C., sets new rules for how deposits are held and earn interest, and limits use of the plan to twelve months after the filing date unless it is extended or amended.

• Escrow agent changed from Golden, Wexler and Sarnese, P.C. to Haas, Greenstein, Cohen, Gerstein & Starr, P.C.
• All deposits plus accrued interest transferred from the former escrow agent to the new escrow agent
• Checks must be payable to "Haas, Greenstein, Cohen, Gerstein & Starr, P.C., as Escrow Agent"; endorsed instruments not accepted
• Checking portion of the master escrow account is not interest-bearing; sub-escrow savings portion is interest-bearing at the prevailing rate, currently 2%
• Interest credited to purchaser at closing or when purchaser is entitled to a return of deposit
• Sponsor may reject a deposit tendered without an executed Contract of Sale: within five business days if not yet in escrow, at any time if in escrow
• Plan may not be used after twelve (12) months following the Filing Date of this Amendment unless extended or amended