Bridge Street Condominium

Amendment 11 Apr 15, 2016

Prices decreased for five penthouse units.

• PH46F: $1,495,000.00 → $1,330,000.00
• PH47G: $2,600,000.00 → $2,335,000.00
• PH49C: $2,450,000.00 → $2,195,000.00
• PH49E: $2,600,000.00 → $2,350,000.00
• PH51B: $2,550,000.00 → $2,295,000.00
• Total price decrease: $1,190,000.00
• Schedule A prices decreased for 4 homes (median -10.2%): PH46F $1,495,000 → $1,330,000; PH47G $2,600,000 → $2,335,000; PH49C $2,450,000 → $2,195,000; PH49E $2,600,000 → $2,350,000

Amendment 10 Apr 13, 2016

Plan extended six months, 2016 budget provided with no residential common charge increase.

• Plan extended six (6) months from April 13, 2016
• 2016 budget for year ending December 31, 2016 established
• No increase in Residential Common Charges for calendar year 2016
• Financial statement for August 1, 2015 through December 31, 2015 not yet prepared

Amendment 9 Nov 19, 2015

Prices for 24 residential units were reduced.

• Total price decrease of $6,800,000 across penthouse units
• PH23A reduced from $5,999,000 to $4,950,000
• PH22F reduced from $4,538,000 to $3,950,000
• PH47B reduced from $3,411,000 to $2,995,000
• PH51F reduced from $3,333,000 to $2,950,000
• PH51E reduced from $3,264,000 to $2,800,000
• PH51C reduced from $3,232,000 to $2,695,000
• PH46F reduced from $1,618,000 to $1,495,000
• Schedule A prices decreased for 12 homes (median -5.5%): PH46F $1,618,000 → $1,495,000; PH47B $3,411,000 → $2,995,000; PH47C $2,895,000 → $2,695,000; PH47D $1,993,000 → $1,825,000; ...

Amendment 8 Nov 5, 2015

The Eighth Amendment establishes common charge collection, combines four residential units into two, alters unit PH48A, and extends the offering plan.

• Common charges collection begins August 1, 2015; aggregate monthly charges for unsold units $69,832.71
• Units 39A and 39B combined into Unit 39AB; Units 41A and 41B combined into Unit 41AB
• Residential Unit PH48A altered: bedroom #2 removed to enlarge living room/dining room; now two bedrooms instead of three
• Reserve Fund refund of $26,675.00 due to Sponsor ($6,668.75 monthly credit August-November 2015)
• Sponsor owns 34 unsold residential units as of July 8, 2015
• Budget prepared for August 1, 2015 through December 31, 2015
• First financial statement to be prepared in 2016 for five-month period
• Offering plan extended six months from November 5, 2015

Amendment 7 May 19, 2015

Price changes for 16 residential units, with 9 units decreasing by a total of $2,672,000 and 7 units increasing by a total of $551,000.

• PH47C price decreased $470,000 to $2,895,000
• PH49B price decreased $372,000 to $2,750,000
• PH49C price decreased $355,000 to $2,575,000
• PH49E price decreased $314,000 to $2,750,000
• PH49F price decreased $318,000 to $2,800,000
• PH47A price decreased $225,000 to $1,925,000
• PH49A price decreased $255,000 to $1,995,000
• Total price decrease across all units: $2,121,000
• Schedule A prices increased for 7 homes (median +4.7%): 40A $1,450,000 → $1,500,000; 41A $1,465,000 → $1,535,000; 42A $1,480,000 → $1,570,000; 43A $1,495,000 → $1,595,000; ...
• Schedule A prices decreased for 9 homes (median -10.5%): PH47A $2,150,000 → $1,925,000; PH47C $3,365,000 → $2,895,000; PH48D $2,012,000 → $1,825,000; PH49A $2,250,000 → $1,995,000; ...

Amendment 6 May 15, 2015

This amendment updates the plan with current condominium status, combines four residential units, extends the offering plan, and provides occupancy certificates.

• 56 units sold and conveyed by Sponsor as of March 17, 2015
• Four units combined: 32C+32D, 37A+37B, 38A+38B, and PH45A+PH45B
• Temporary Certificate of Occupancy issued April 8, 2015; Permanent Certificate expected in 12 to 18 months
• Common Charges collection to commence third or fourth quarter of 2015
• Reserve Fund balance $80,025.01 as of March 6, 2015
• Working Capital Fund balance $92,289.10 as of March 6, 2015
• Offering plan extended six months from amendment date
• First unit owners meeting scheduled for approximately December 10, 2016

Amendment 5 Feb 25, 2015

Purchase prices increased for 13 residential units.

• Unit 320: $537,000 to $587,000
• Unit 330: $572,000 to $622,000
• Unit 340: $579,000 to $629,000
• Unit 350: $586,000 to $636,000
• Unit 360: $593,000 to $643,000
• Unit 370: $602,000 to $652,000
• Unit 380: $612,000 to $662,000

Amendment 4 Aug 18, 2014

The plan is declared effective upon receipt of 26 purchase agreements for 18% of units, and purchasers of combined A/B units on floors 32-44 may elect to combine them into single units.

• Plan declared effective as of July 23, 2014 based on 26 purchase agreements for 18% of residential units
• First closing removes 30-day closing notice requirement for units with certificate of occupancy
• New purchasers required to deposit 20% of purchase price at execution
• Existing purchasers have 15 days from amendment presentation date to deliver additional deposit
• Combined units option available for A/B pairs on floors 32-44, with combined prices and charges as stated on Schedule A
• Plan extended six months from August 18, 2014

Amendment 3 Jul 15, 2014

Third amendment corrects square footage for the 46th floor recreation room and certain storage bins in Cellar A-3, and adjusts purchase prices for the storage bins accordingly.

• 46th floor recreation room square footage corrected from 2,594 to 1,245 square feet
• Storage bins in Cellar A-3 square footage corrected for 8 units (B-1, B-3, B-4, B-13, B-14, B-15, B-16, B-18)
• Purchase prices for 8 storage bins adjusted: B-1 $20,000 to $20,800, B-3 $37,600 to $38,400, B-4 $20,000 to $19,200, B-13 $28,000 to $24,800, B-14 $20,000 to $20,800, B-15 $20,000 to $19,200, B-16 $20,000 to $19,200, B-18 $32,000 to $24,800
• Total storage bin purchase price reduced from $197,600 to $187,200
• Temporary Certificate of Occupancy issued June 4, 2014 by NYC Department of Buildings

Amendment 2 Jun 11, 2014

Purchase prices increased for 80 residential units across the building.

• Prices increased for units 32C through 44H (80 units total)
• Total aggregate purchase price changed from $80,001,000 to $84,361,000
• Individual unit price increases range from $20,000 to $100,000
• Schedule A prices increased for 62 homes (median +5.2%): 32C $1,247,000 → $1,347,000; 32G $1,213,000 → $1,263,000; 32H $1,375,000 → $1,475,000; 33A $1,275,000 → $1,345,000; ...

Amendment 1 Jun 3, 2014

Purchase prices increased for 84 residential units.

• Purchase prices raised for 84 units across floors 32–44 and penthouse units PH47A–PH50A
• Total offering price increased from $112,188,000 to $120,325,000
• Schedule A prices increased for 105 homes (median +5.1%): 32C $1,187,000 → $1,247,000; 32D $537,000 → $564,000; 32E $793,000 → $833,000; 32F $771,000 → $810,000; ...