Hardenbrook House Condo

Amendment 36 Feb 14, 2025

This amendment updates the Hardenbrook House offering plan with a 3.5% common charge increase for residential units effective January 1, 2025, the unsold-unit prices and holdings, the officers and directors, financial statement and budget references, and a FinCEN reporting notice.

• Residential common charges increased 3.5% effective January 1, 2025
• Price for Unsold Units is $1,450,000 per 1% common element interest
• Seven South Shore 66th Street LLC unsold units pledged for a Connect One Bank loan; loan stated as current
• 2024 condominium financial statement not yet available; Driveway Association 2024 statements annexed as Exhibit C
• 2025 budget annexed as Exhibit D
• Officers and directors list updated
• FinCEN Geographic Targeting Order notice effective October 16, 2024, covering residential closings on or after October 15, 2024 and ending April 14, 2025

Amendment 35 2024

A new successor sponsor, 18-36 NY LLC, bought 13 residential units and one garage unit, raised their offering prices, and updated the escrow, common charge, financial, and board information for the plan.

• 18-36 NY LLC became Successor Sponsor of 13 residential units and one garage unit on September 20, 2024
• Offering prices of the Unsold Units have been increased (new prices not stated in this text)
• Escrow agent is Goldstick, Weinberger, Feldman & Grossman, P.C., holding deposits at Flagstar Bank at 0.00% interest as of January, 2024
• Board of Managers approved an 8.5% common charge increase effective January 1, 2024
• Current aggregate monthly common charges $10,667.95 and assessment charges $4,519.81 for the Units
• Current aggregate 2024/2025 monthly real estate taxes $11,981.13 and monthly tenant rent $17,586.23 for the Units
• Emily Zanger added to the Board of Managers as Successor Sponsor representative and director
• Certified financial statement for year ended December 31, 2023 and 2024 budget annexed

Amendment 34 2023

The amendment updates the Board's officers and directors, the Sponsor's unsold units and their loans, common charges, two special assessments, a construction loan for exterior restoration, and the management company.

• Unsold units priced at $1,450,000 per 1% common element interest
• Common charges up 5.5% for units and 5% for garages, effective January 1, 2023
• Special assessment of $229.63 per 1% common element interest imposed July 1, 2022, ending March 31, 2024 (hallway renovation)
• Second special assessment of $657.34 per 1% common element interest for façade and roof project, ending December 31, 2028
• Construction loan of $2,721,595 from M-Core Credit Corp. obtained September 22, 2022, at 6.49%, maturing December 31, 2028, for exterior restoration
• Two Sponsor-owned unsold units pledged for $1,300,000 Lancewood Capital loan at 11.5%, maturing July 2024
• Management company Charles H. Greenthal & Co. sold to FirstService Residential
• Financial statements for 2021 through 2022 and 2023 budget annexed

Amendment 33 2022

This amendment discloses a 1.25% unit and 2.75% garage common charge increase, a $1,160,000 renovation assessment, two pending lawsuits by one unit owner, asbestos found in the garage, a change to New York State transfer tax responsibility, and updated sponsor unit and loan information.

• Common charges raised 1.25% for units and 2.75% for garages, effective January 1, 2022
• Monthly assessment of $229.63 per 1% of Common Interest for lobby/hallway renovation, ending March 31, 2024; total assessment $1,160,000; renovation completed
• Purchaser pays NYS transfer tax without grossed-up consideration (effective July 1, 2021); NYC transfer tax still grossed up
• Two pending lawsuits by one unit owner, Index No. 159556/2021 and Index No. 150268/2022; defense costs paid by insurer
• Asbestos found in garage; abatement done and violation cured
• Seven sponsor-affiliate unsold units pledged for Connect One Bank loan: principal balance $882,632.00, matures July 31, 2030, 4.75%, monthly payment $4,694
• 2021 financial statement not yet available; 2022 budget annexed as Exhibit D
• Capital lease financing agreement scheduled to mature 9/1/2021 was not renewed

Amendment 32 2021

This amendment updates the Board roster, the Sponsor's unsold-unit holdings and pledged loans, a lobby/hallway reserve assessment ending March 31, 2024, the financial statements and budget references, and common charges as of January 1, 2021.

• Monthly assessment of $229.63 per 1% of Common Interest approved to replenish the lobby/hallway renovation reserve, ending March 31, 2024
• Common charge per 1% of common element is $1,170.69 as of January 1, 2021; parking units $63.44
• Sponsor's unsold units: aggregate monthly rent $32,781.00, aggregate monthly common charges $14,726.00, aggregate monthly assessment $2,888.00; current price per 1% of common elements $1,650,000
• Three Sponsor units pledged for a loan of $131,163.00 from Dorothy Goldstick, maturing October, 2022, at 7%, monthly payment $4,264.00
• South Shore 66th Street LLC units pledged for a Connect One Bank loan with principal balance $895,393.00, maturing July 31, 2030, at 4.75%, monthly payment $4,694
• Financial statements for periods ended December 31, 2018 through December 31, 2019 added as Exhibit C; 2020 budget added as Exhibit D; 2020 financial statement not yet available
• Board officers and directors listed; Sponsor states it surrendered control of the Board by December 1, 1991
• Sponsor and South Shore 66th Street LLC are current on Common Charges and all obligations to the Condominium

Amendment 31 2020

This amendment updates the building's officers and directors, Sponsor unsold-unit and loan figures, a reserve assessment, common charges, financial statement availability, and New York State transfer tax rates.

• Combined NYS transfer and supplemental tax set at $4.00 per $1,000 of Purchase Price up to $2,999,999, and $6.50 per $1,000 above that, paid by Purchaser by contractual arrangement
• Monthly assessment of $229.63 per 1% of Common Interest to replenish the lobby/hallway renovation reserve, ending March 31, 2024
• Common charge per 1% of common element is $1,147.72 as of January 1, 2020; parking units $63.44
• 2020 budget annexed as Exhibit D; 2019 financial statement not yet available
• Sponsor's unsold units: aggregate monthly rent $34,074.00, aggregate monthly common charges $15,075.00, price per 1% of common elements $1,650,000
• Sponsor loan balance $131,163.00 from Dorothy Goldstick, secured by three units, matures October, 2022, 7% interest, monthly payment $4,264.00
• South Shore 66th Street LLC loan with Connect One Bank of $1,800,000 matures July 31, 2020, 5.75% interest, monthly payment $8,625
• Officers and directors listed; Sponsor surrendered Board control by December 1,1991

Amendment 30 2018

This amendment updates the board and officer list, the sponsor's unsold-unit and loan figures, and the financial statements, adds a temporary lobby and elevator assessment, and adds tax-law and FinCEN disclosures.

• Monthly assessment of $792.22 per 1% of Common Interest set to replenish reserve for lobby/hallway renovation and elevator modernization
• Assessment reverts to $208.35 per 1% Common Interest on February 1, 2019, subject to change based on final costs
• Sponsor's unsold units: aggregate monthly rent $33,129 and aggregate monthly common charges $15,039
• Sponsor loan of $319,999.00 from Dorothy Goldstick matures October, 2022, at 7%, with monthly payment of $4,264.00
• Loan of $1,800,000 from Greater Hudson Bank matures January 2020, at 5.75%, with monthly payment of $8,625
• Financial statements for periods ended December 31, 2016 through December 31, 2017 added; 2018 budget on last page of 2017 statement
• Tax Cuts and Jobs Act of 2017 disclosed: plan tax information and projections may be inaccurate
• FinCEN Geographic Targeting Order, effective November 17, 2018, disclosed

Amendment 29 2017

This amendment updates the condominium's officers and directors, the Sponsor's unsold units and loan disclosures, common charges and assessments, and financial statements, and adds a FinCEN reporting notice.

• Board approved a monthly assessment of $208.35 per 1% of Common Interest to increase the reserve fund and fund a new elevator project
• Monthly assessment of $4.00027 per 1% added for garages to cover increased operating expenses
• Unsold Units held by Sponsor Infinity Corporation listed in Exhibit A; aggregate monthly rent $49,200.33 and aggregate monthly common charges $19,355.42
• Common charge per 1% of common element stated as $1,066.257 (parking spaces $56.8119), increased as of January 1, 2014
• Officers and directors of the Condominium and the Driveway Association updated
• Financial statements for the periods ended December 31, 2014 through December 31, 2016 added as Exhibit C; 2017 budget on the last page of the 2016 statement
• Unsold Units pledged as security for a $319,999.00 loan from Dorothy Goldstick, maturing October, 2022, at 7% with monthly payments of $4,264.00; Sponsor reports payments current
• FinCEN Geographic Targeting Order disclosure added, effective August 28, 2016 and remaining effective until August 22, 2017

Amendment 28 Oct 2, 2015

This amendment updates the plan with a reserve-fund assessment increase, the sponsor's transfer and financing of seven apartments, the sponsor's unsold-unit charges and loan, higher common charges, the current officers and directors, and the financial statements and budget.

• Monthly assessment of $79.22 per 1% of Common Interest approved to increase the reserve fund
• Seven apartments transferred December 10, 2014 to South Street 66th Street LLC and pledged for a $2,600,000.00 loan at 8%, interest only at $17,333.00 monthly
• Unsold units: aggregate monthly common charges $19,304.77, aggregate monthly rent $38,611.92, aggregate monthly assessment $1,434.23
• Unsold-unit loan of $319,999.00 from Dorothy Goldstick at 7%, monthly payment $4,264.00, maturing October, 2022
• Common charge per 1% of common elements increased to $1,030.20 as of January 1, 2014 (parking units $56.8210)
• Officers and directors of the Condominium and Driveway Association listed; Sponsor surrendered control of the Board by December 1, 1991
• Financial statements for 2013 through 2014 annexed (Exhibit C); 2015 budget annexed (Exhibit C-1)
• Parking units held by the Sponsor: common charges $1,827.00, rent $2,324.00, not pledged

Amendment 27 Sep 23, 2014

This amendment updates the condominium's officers and directors, sponsor-held unsold units, the common charge and a new assessment, financial statements and 2014 budgets, J-51 tax-benefit disclosures, and the escrow agent and deposit procedures.

• Board approved a monthly assessment of $79.215 per 1% of Common Interest to increase the reserve fund and pay for future capital improvements
• Common charge per 1% of common element increased to $1,030.20 as of January 1, 2014; parking units increased to $56.8210
• Sponsor's unsold units: aggregate monthly rent $56,583.07, aggregate monthly common charges $22,214.42, current price per 1% of common elements $1,250,000.00
• Sponsor's unsold units pledged for a $1,750,000.00 loan from UMB Bank, NA, maturing September 1, 2020, at 7% interest
• Escrow agent revised to Goldstick, Weinberger, Feldman & Grossman, P.C., with deposits held at Signature Bank; interest rate as of January, 2013 is 0.30%
• Financial statements for December 31, 2012 through December 31, 2013 and 2014 budgets annexed
• Officers and directors list updated; Sponsor surrendered Board control by December 1, 1991
• J-51 disclosure: building is currently not receiving J-51 real estate tax benefits

Amendment 26 Apr 25, 2011

This amendment updates the Sponsor's unsold-unit and loan disclosures, raises common charges, adds a 6% reserve assessment effective May 1, 2011, and attaches 2009 financial statements and 2011 budgets.

• Common charge per 1% of common elements increased to $908.4395 as of January 1, 2011; parking units increased to $50.3949
• 6% assessment on common charges effective May 1, 2011, to fund the reserve fund
• Unsold units: aggregate monthly rent $48,778.30, aggregate monthly common charges $21,519.35, current price per 1% of common elements $1,250,000.00
• Unsold units pledged for a $1,750,000.00 loan from UMB Bank, NA, maturing September 1, 2020, at 7% interest with a monthly payment of $17,831.00; Sponsor is current on payments
• Parking units: common charges $1,825.32, rent received $2,375.65, price per 1% of common elements $20,000.00; not pledged
• Officers and directors of the Condominium and Driveway Association listed; Sponsor surrendered Board control by December 1, 1991
• 2009 financial statements annexed as Exhibit C and 2011 budgets as Exhibit C-1
• Building currently not receiving J-51 tax benefits; deregulation protections would apply if it receives them in the future

Amendment 25 Mar 9, 2010

This amendment raises common charges as of January 1, 2010, updates the sponsor's unsold-unit and parking figures, discloses a pledged sponsor loan, and refreshes the officer and director list, financial statements, and budgets.

• Common charge per one percent of common element increased to $865.18 as of January 1, 2010
• Parking units' common charge increased to $50.39 as of January 1, 2010
• Current price per 1% of common elements for unsold units is $1,250,000.00; for parking spaces, $20,000.00
• Unsold units: aggregate monthly rent $52,316.97 and aggregate monthly common charges $20,494.65
• Sponsor loan of $1,750,000.00 from UMB Bank, NA, secured by unsold units, matures September 1, 2020, 7% interest, monthly payment $17,831.00; Sponsor is current
• Sponsor's parking spaces: common charges $1,614.71 and rent received $2,240.01; not pledged
• Officers and directors of the Condominium and the Driveway Association listed
• Financial statements for periods ended December 31, 2008 and budgets for 2010 added (Exhibits C and C-1)

Amendment 24 Dec 26, 2008

This amendment updates the officer and director list, the Sponsor's unsold-unit and loan disclosures, the financial statements and 2008-2009 budgets, and the common charge figures, and reports past fuel and capital assessments and capital improvements.

• Common charge per 1% of common element to increase to $839.981 as of January 1, 2009
• Parking unit common charge to increase to 50.395 as of January 1, 2009
• Sponsor's unsold units: aggregate monthly rent $53,593.63 and aggregate monthly common charges $19,723.80
• Price per 1% of common elements for unsold units listed as $1,250,000.00; for parking spaces $20,000.00
• Unsold units pledged as security for a $1,750,000.00 loan from UMB Bank, NA, maturing September 1, 2020, at 7% with a monthly payment of $17,831.00
• Officers and directors list updated; Sponsor surrendered Board control by December 1, 1991
• Financial statements for 2004-2007 and budgets for 2008 and 2009 annexed as Exhibits C and C-1
• Fuel assessments of 7%, 8% and 9% of 2006, 2007 and 2008 common charges and capital assessments of $2,500.00 per 1% per annum in 2006-2008 disclosed

Amendment 23 Feb 22, 2005

This amendment reports 10% common charge increases for 2004 and 2005, a reserve fund assessment, updated unsold-unit rents and charges, the Sponsor's loan and holdings, and the 2003 financial statements with a 2005 budget.

• Common charges increased 10% effective January 1, 2004, and another 10% effective January 1, 2005
• Assessment of $62.49 per 1% of common elements for 01/04 - 12/04 and 01/05 - 12/05 to increase the reserve fund
• Unsold units: aggregate monthly rent $42,069.03 and aggregate monthly common charges $16,911.41
• Unsold units pledged for $1,750,000.00 loan from UMB Bank, NA, maturing September 1, 2020 at 7% per annum, monthly payment $17,831.00
• Current price per 1% of common elements $650,0(10.00
• Sponsor parking space units: common charges $1,662.37 and rent $2,322.85, not pledged
• Financial statements for years ended December 31, 2002 and 2003 added (Exhibit C) and 2005 budget added (Exhibit C-1)
• Sponsor current on Common Charges and all obligations to the Condominium through December 31, 2004

Amendment 22 2003

The amendment increases the parking spaces offered for sale as Parking Space Units from 20 to 21 after a garage layout revision, and sets their prices, charges, and budget in a new Schedule A.

• Parking Space Units offered increased from 20 to 21 due to a garage layout revision
• Schedule A added with Offering Prices for the parking units, ranging from $38,500.00 to $78,810.00
• Schedule A lists approximate square footage, percentage of common interest, monthly common charges, and estimated 2003/04 real estate taxes for each unit
• Proposed budget included: total $28,796.37, monthly $2,399.70
• Current parking renters have an exclusive right to buy their spaces at Schedule A prices for 30 days from presentation of the amendment
• Leases of non-rent-stabilized tenants may not be renewed; a parking unit not bought by its occupant in the 30-day period will be offered to other tenants or owners in the building
• Declaration to refer to 21 parking units instead of 20; revised garage drawings and proposed Schedule B amendment attached
• No other material changes to the offering

Amendment 21 Mar 24, 2003

The amendment adds Parking Space Units and a Driveway Unit by subdividing the commercial garage unit, lists the sponsor-affiliated officers and directors, and updates the sponsor's unsold-unit, financial, and capital-improvement disclosures.

• Commercial garage unit subdivided into 20 Parking Space Units and one Driveway Unit owned by The Hardenbrook House Driveway Association
• Parking Space Unit offering prices range from $38,500.00 to $73,880.00, with a total of $953,135.00
• Each Parking Space Unit is permanently assessed a monthly utility charge, paid to the Driveway Association
• Projected 2003/04 real estate tax for the Commercial Unit is $37,946.50
• Sponsor's unsold units: aggregate monthly rent $37,851.36 and aggregate monthly common charges $13,976.37
• Units pledged as security for a $1,750,000.00 loan from UMB Bank, NA, maturing September 1, 2020
• Common Charges increased by 5%, and Budget for 2003 added as Exhibit C-1
• Major capital improvements listed: elevator mechanicals, exterior waterproofing, courtyard repairs, canopy replacement, and new lobby furniture

Amendment 20 Nov 2, 2000

This twentieth amendment updates the Sponsor's unsold units, its loan and finances, the condominium's officers and directors, escrow signatories, and recent major capital work, and adds the 2000 budget and a 1999 financial statement.

• Current price per 1% of common elements is $500,000.00
• Escrow account signatories are now Bonnie Covey, Esq. and Howard L. Grossman, Esq.
• Major capital work done: replaced roof fans, facade work to comply with Local Law 11, fixed garage leaks
• Sponsor's unsold units listed in Exhibit A, with aggregate monthly rent of $36,216.53 and monthly common charges of $13,687.03
• HSBC Bank, USA loan of $2,544,509.00 matures January 31, 2001 at 8.25%
• 2000 Budget annexed
• Financial statement for period ended December 31, 1999 annexed
• Officers and directors listed; Sponsor surrendered control of the Board by December 1, 1991

Amendment 19 Dec 15, 1999

This amendment replaces the escrow rules for buyer deposits and updates the Sponsor's unsold units, loans, finances, shareholders, lawsuit status, and the Condominium's officers and directors.

• Downpayment escrow terms replaced: from July 1, 1999, deposits go to the escrow account of Goldstick, Weinberger, Feldman & Grossman, P.C., at a prevailing rate of 1% as of July 12, 1999
• Sponsor's HSBC Bank, USA loan secured by unsold units: principal $2,696,550.00, matures January 31, 2001, 8.00% interest
• Unsold units: aggregate monthly rent $35,418.91 and aggregate monthly common charges $14,346.71 (listed in Exhibit A)
• Sponsor current on common charges and HSBC loan payments through September 30, 1999
• Infinity Corporation shareholders as of April 1, 1999: David Goldstick no longer a shareholder; James Goldstick and Mark Greenberg are shareholders
• Lawsuit against Infinity Corporation and others dismissed (Exhibit D)
• Financial statement for the period ended December 31, 1998 added (Exhibit C)
• Officers and directors listed; Sponsor surrendered Board control by December 1, 1991

Amendment 10 Jan 8, 1990

This amendment raises common charges from $445.04 to $487.17 per month for each percentage interest effective January 1, 1990, relaxes the By-Laws' unit transfer restrictions for family members and related entities, and annexes financial statements, a schedule of unsold units, and a list of board members.

• Common Charges increased from $445.04 to $487.17 per month for each percentage interest in the Common Elements, effective January 1, 1990
• Budget for January 1, 1990 through December 31, 1990 adopted by the Board of Managers
• By-Laws Section 7.5(B)(i) amended: unit owners may sell, lease or convey to spouse, adult child, parent, grandparent, parent-in-law or adult sibling without complying with the restrictions
• Unit owners that are not natural persons may sell, lease or convey to a related or controlled entity, or to employees, without complying with the restrictions
• Certified Financial Statements for periods ended December 31, 1987 and 1988 annexed as Exhibit A
• Schedule of Unsold Units annexed as Exhibit B, all held by the Sponsor (Infinity corporation)
• Board of Managers members and offices listed; several are affiliated with the Sponsor

Amendment 2 Jun 27, 1986

The amendment adds an asbestos disclosure and handling plan, announces new windows and screens for all apartments, and gives purchasers 15 days to rescind their purchase agreements.

• Asbestos: Sponsor will follow Edward J. Swoszowski's recommendations, with cost of compliance not to exceed S5O,000 for work plus an operations and maintenance program
• Asbestos: Guidance Document for handling remaining ACM to be provided to tenants and prospective purchasers in a future amendment filed within sixty (60) days
• New windows and screens to be installed in all apartments by Manufacturing Corp. at an approximate cost of $157,000.00, credited against the Capital Reserve Fund contribution
• Purchasers may rescind their Purchase Agreements within fifteen (15) days from the presentation date of this Amendment, with refund of down payment and interest
• Rescission by purchasers who became tenants after the Plan was presented requires cancellation of Interim Leases and surrender of the apartment within thirty (30) days