Printing House Condominium

Amendment 44 May 22, 2014

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

Amendment 43 2014

The amendment adds DOB-approved unit combinations on floors 2-8 and separates two approved combinations back into four units, plans townhouse and maisonette renovations, and revises the price schedule and budget.

• Combinations of Units 323 and 324, and of Units 423, 424 and 425, are offered for sale
• Units 207 & 208 and Units 210 & 211 will be offered as four separate units, not combined
• Unit 813 layout changed: one sink instead of two, a linen closet added, and a separate closet eliminated
• Five 3-story townhomes to be demolished and two new townhomes (TH-1 and TH-2) built, three stories plus penthouse and cellar
• Maisonette Units M-1 to M-8 to be combined into M1, M2 and M3; not yet DOB-approved and not listed for sale, with a later amendment to follow
• About 1,425 SF of floor area transferred from the maisonettes to the townhomes, approved by the Board of Standards and Appeals
• Revised Schedule A with common interest percentages made consistent with Schedule C of the Declaration
• New budget for August 1, 2013 through July 31, 2014 with higher Common Charges; New Sponsor covers the retroactive increase for unsold units bought after August 1, 2013 for the period through October 31, 2013

Amendment 42 Jan 10, 2014

The OCR text contains only stray symbols and no readable words, so this amendment's changes cannot be identified from the text provided.

Amendment 41 Oct 21, 2013

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

Amendment 40 Sep 26, 2013

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

Amendment 39 Jul 25, 2013

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

Amendment 38 Apr 17, 2013

The OCR text is unreadable garbled symbols with no recoverable words, so this amendment's changes to the plan cannot be identified.

Amendment 37 Apr 16, 2013

The OCR text is too garbled to identify what this amendment changes in the offering plan.

Amendment 36 Apr 9, 2013

The OCR text is too garbled to identify any changes this amendment makes to the offering plan.

Amendment 35 Apr 4, 2013

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

Amendment 34 Apr 1, 2013

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

Amendment 33 Mar 19, 2013

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

Amendment 32 Jan 4, 2013

The amendment updates the unit list after New Sponsor's 2012-2013 purchases and sales, and sets out renovation and unit-combining work on floors 3 through 6 with expected completion dates.

• Units 406, 410, 411, 412 and 719 sold and no longer counted as FM Units
• Units 410, 411 and 412 sold February 5, 2013 to a third-party non-tenant purchaser
• Units M-9 (acquired November 28, 2012) and 624 (acquired December 21, 2012) added to FM Units
• Third Floor Alterations expected completed on or about April 1, 2013; remaining Unit Alterations by no later than September 1, 2013
• Third through sixth floor units to be reconfigured by combining or enlarging units, with Third Floor Combined Units listed
• Electrical power at circuit breakers increased for units in the Third, Fourth, Fifth and Sixth Floor Alterations
• Units 508 and 509 sold to an entity controlled by a former tenant
• Revised Schedule A (Exhibit B) lists Sponsor-Owned Units offered for sale; prices are negotiable and subject to change

Amendment 31 Jan 6, 2012

New Sponsor AGBH Printing House Holdings, L.L.C. bought 103 unsold units from the Original Sponsor, becoming the seller of those units and taking on responsibility for them from the January 18, 2012 closing, while the Original Sponsor keeps units 508 and 509 and the commercial space.

• AGBH Printing House Holdings, L.L.C. acquired 103 unsold units (98 free market, 5 rent-stabilized) from Mountbatten Equities L.P., closing January 18, 2012
• Units 508 and 509 and the commercial space were not transferred and remain with the Original Sponsor
• New Sponsor is responsible for the unsold units from closing, including their Common Charges, funding of common element repairs, and property taxes
• New Sponsor is not liable for the Original Sponsor's obligations under the Plan; the Original Sponsor remains responsible for units it retains and for purchasers who bought before the acquisition
• Exhibit A lists approximate square footage, Common Charges, real estate taxes, rents and offering prices of the acquired units
• Unit 717 was sold by the Original Sponsor on December 7, 2011, so 103 units rather than 104 were acquired
• Free market units are about 53.26% and rent-stabilized units about 2.72% of the residential units
• New Sponsor's parent company is 80% owned by AGBH Printing House Parent Company and 20% by Mountbatten JV

Amendment 30 Oct 26, 2011

This amendment updates the plan's real estate tax schedule and budget, discloses the Sponsor's contract to sell 104 unsold residential units to AGBH Printing House Holdings, L.L.C., and adds Sponsor financial, loan, and rent-regulation disclosures.

• Sponsor's contract to sell 104 unsold residential units to AGBH Printing House Holdings, L.L.C. (units 508 and 509 excluded)
• New real estate tax schedule (Exhibit A) and new budget (Exhibit B) for unsold units
• Estimated taxes based on 2011/2012 assessed value at $1.324 (first half) and $1.353 (second half) per $1,000 of assessed value; not a guaranty
• Special assessment of $12,516 per month continued for Local Law #10 façade work, not in the operating budget
• Sponsor owns more than 50% of units, which may make loans harder to obtain and resale harder
• 104 residential units pledged to Manufacturers and Traders Trust Company for a $53,000,000 loan maturing July 1, 2012
• Financial statements for fiscal years ending July 31, 2009-2010 annexed as Exhibit C
• J-51 tax benefit and Roberts decision disclosure on deregulation of occupied units

Amendment 29 Nov 4, 2010

This amendment replaces the unsold-unit price and real estate tax schedule and the common charge budget with 2009/2010 figures, continues a Local Law #10 façade special assessment, and updates the sponsor's financial and J-51 tax abatement disclosures.

• New real estate tax schedule for all units, based on 2009/2010 assessed value at $130.53 (first half) and $132.41 (second half) per $1000 of assessed value
• Unsold-unit price schedule (Exhibit A) replaced for August 1, 2009 to July 31, 2010
• New common charge budget annexed as Exhibit B
• Special assessment of $12,500.00 per month for Local Law #10 façade work continued
• Sponsor financial disclosures updated, including a $32,898,750.00 loan secured by unsold residential units
• Reserve fund cash balance shown as $688,837
• Board of Managers and officers listed
• Disclosure added on the Roberts v. Tishman Speyer decision on J-51 tax benefits and high-rent deregulation

Amendment 28 Jul 30, 2009

This Twenty-Eighth Amendment replaces the real estate tax schedule and common charge budget for unsold units for August 1, 2008 to July 31, 2009, updates the Sponsor's financial and loan disclosures, and updates the Board of Managers.

• New Schedule A (Exhibit A) of estimated real estate taxes for all units, based on 2008/2009 assessed values at $121.39 (first half) and $130.53 (second half) per $1000 of assessed value
• New budget (Exhibit B) for common charges, with a continued special assessment of $12,500.00 per month for Local Law #10 facade work, which is not in the operating budget or Exhibit A
• Sponsor owns more than 50% of the units, so a buyer may have difficulty obtaining a loan and may later have difficulty reselling
• Unsold residential units pledged to Fair Oak LLC for a loan of $32,898,750.00 maturing September 27, 2013, with a monthly payment of approximately $159,454.00
• Commercial unit pledged to UNB New York Corp. for a mortgage of $6,462,992.00 maturing August 1, 2013, with a monthly payment of $42,226.00 paid by the commercial tenant
• Condominium reserve fund balance of $536,015.00 shown on the latest financial statement
• Financial statements for fiscal years ending July 31, 2007 and July 31, 2008 added as Exhibit C
• Board of Managers and officers updated

Amendment 27 Feb 13, 2008

This amendment replaces the price and tax schedule for unsold units with estimated 2006/2007 real estate taxes, adds a new budget, and updates the sponsor's financial disclosures, financial statements, and board of managers.

• New schedule of estimated real estate taxes for all units, based on 2006/2007 assessed value at $127.37 (first half) and $119.28 (second half) per $1000 of assessed value
• Exhibit A lists unsold units with purchase prices for August 1, 2006 to July 31, 2007
• Exhibit B adds a new budget for common charges from the present fiscal year
• Board continues the special assessment of $12,500.00 per month for Local Law #10 façade work, which is not in the operating budget
• Sponsor's unsold residential units pledged for a loan of $32,898,750.00 maturing September 27, 2013; commercial unit mortgage of $5,109,050.00 maturing June 1, 2008
• Exhibit C adds condominium financial statements for fiscal years ending July 31, 2005-2006 and July 31, 2006-2007
• Condominium reserve fund balance stated as $412,312.00
• Board of Managers and officers updated; sponsor has relinquished control of the Residential Committee

Amendment 26 Feb 8, 2006

This amendment updates the estimated real estate taxes, prices, budget, financial disclosures, and Board of Managers for Printing House Condominium, and it discloses that the Sponsor owns more than 50% of the units, which may make loans and resales harder for buyers.

• Real estate tax schedule (Exhibit A) updated to estimated new taxes for all units from the 7/1/05 tax year, based on $122.16 (first half) and $123.96 (second half) per $1000 of assessed value; an estimate only, not a guaranty
• Prices of unsold units listed in Exhibit A (Schedule A for August 1, 2005 to July 31, 2006)
• New budget (Exhibit B); Board continues a special assessment of $12,500 per month for Local Law #10 façade work, not included in the operating budget or Exhibit A
• Sponsor owns more than 50% of the units, so buyers may have difficulty obtaining loans or reselling
• Unsold residential units pledged to Fair Oak LLC for a loan of $26,000,000 maturing June 30, 2007; monthly payment approximately $140,000
• Commercial unit pledged to M & T Real Estate, Inc. for a mortgage of $1,852,702 maturing June 1, 2008; monthly payment of $13,700 is the tenant's obligation
• New financial statement for the fiscal year ended July 31, 2005 (Exhibit C); reserve fund balance $342,785
• Board of Managers and officers updated; Sponsor has relinquished control of the Residential Committee

Amendment 25 2004

The amendment updates the unsold-unit price schedule, real estate tax estimates, and budget, adds a $550,000 Local Law #10 special assessment, and discloses Sponsor debt, reserve fund, financial statement and Board changes.

• New real estate tax schedule from 7/1/04 tax year, estimated at $122.16 (first half) and $120.10 (second half) per $1000 of assessed value; not guaranteed
• Unsold unit price schedule (Exhibit A) for December 1, 2004 to June 30, 2005 updated
• New budget (Exhibit B) based on current fiscal year common charges
• Special assessment of $550,000 at $12,500 per month from November 1, 2001 to June 1, 2005 for Local Law #10 façade work, not in operating budget
• Sponsor owns more than 50% of units, so buyers may have difficulty obtaining loans or reselling
• Unsold residential units pledged to Fair Oak LLC for a $26,000,000.00 loan maturing June 30, 2007
• Commercial unit pledged to M & T Real Estate, Inc. for a $1,019,019.00 mortgage maturing June 1, 2008
• Reserve fund balance of $171,424.00; financial statement for fiscal year ended July 31, 2004 added (Exhibit C)

Amendment 24 Apr 9, 2003

This amendment gives new estimated real estate taxes for all units from the 7/1/02 tax year, a new budget, a $550,000 special assessment for Local Law #10 facade work, and updated sponsor financial disclosures, reserve fund figures, and board members.

• New Schedule A for all units reflects estimated real estate taxes from the 7/1/02 tax year, based on the 2002/2003 tentative assessed value at $107.92 (first half) and $125.17 (second half) per $1000 of assessed value
• Special assessment of $550,000 payable at $12,500 per month from November 1, 2001 to June 1, 2005 for Local Law #10 facade work, not included in the operating budget or Exhibit A
• Common charges based on the current budget, annexed as Exhibit B; the Sponsor does not guarantee the budget or actual costs
• Sponsor owns more than 50% of the units, which may make it harder for buyers to get a loan or to resell
• Unsold residential units pledged to Fair Oaks LLC as security for a loan with unpaid principal of $17,351,026.00 maturing July 6, 2004, monthly payment approximately $100,774.00
• Reserve fund balance of $3,648.85 increased to $41,197.60 after December 31, 2002
• New financial statement for the fiscal year ended July 31, 2002 annexed as an exhibit
• Board of Managers and officers updated

Amendment 23 Feb 25, 2002

This amendment replaces the real estate tax schedule, budget, unsold-unit price schedule and financial statement, and updates the sponsor's loan, reserve fund and board information for Printing House Condominium.

• New real estate tax estimates for all units from the July 1, 2001 tax year, based on $108.47 per $1000 of assessed value
• Special assessment of $12,500 per month in July, August, September and October 2001 to cover a $50,000 working capital shortfall
• Special assessment of $12,500 per month from November 1, 2001 to June 1, 2005 for $550,000 of Local Law #10 façade work
• New price schedule for unsold units (Exhibit A) for August 1, 2001 to July 31, 2002, e.g. Unit 201 at $499,200
• New budget (Exhibit B) for the current fiscal year
• New condominium financial statement for the fiscal year ended July 31, 2001 (Exhibit C)
• Unsold residential units pledged for a loan of $17,784,602 maturing July 6, 2004
• Reserve fund balance of $168,238; Board of Managers and officers list updated, and Sponsor relinquished control of the Residential Committee

Amendment 22 Oct 23, 2000

This amendment replaces the unsold-unit price schedule with new prices and estimated real estate taxes starting July 1, 1999, updates the common charge budget, and reports the sponsor's refinanced loan, financial statement, and Board of Managers.

• New prices and estimated real estate taxes for all units, based on the 1999/00 tentative assessed value times $107.39 per $1000 (Schedule A)
• Unsold units listed in Exhibit A: 418, 807, 419, 808-809, 811
• Common charge budget updated to the present fiscal year budget (Exhibit B)
• Sponsor's non-recourse loan on unsold units refinanced: consolidated principal $19,200,000, maturing January 31, 2002
• Commercial unit mortgage to M & T Real Estate, Inc.: $2,000,000, maturing August 1, 2005
• Condominium financial statement for fiscal year ended July 31, 1999 added (Exhibit C)
• Board of Managers and officers listed; Sponsor has relinquished control of the Residential Committee
• Sponsor reports reserve fund obligation is current, with nothing due

Amendment 21 Dec 22, 1998

This amendment replaces the unit prices and estimated real estate taxes with new schedules for the year August 1, 1998 to July 31, 1999, adds a new budget and financial statement, updates the sponsor's financial disclosures, reserve fund balance, board members, and sponsor loan refinancing.

• New price schedule for unsold units (Schedule A, Exhibit A) for August 1, 1998 to July 31, 1999
• Estimated real estate taxes for all units from the July 1, 1998 tax year, based on $110.46 per $1000 of assessed value after the remaining maximum abatement; the tax exemption and partial abatement have expired
• New budget for common charges for the present fiscal year (Exhibit B)
• New financial statement for the fiscal year ended July 31, 1998 (Exhibit C)
• Sponsor's non-recourse loan on certain unsold units refinanced in the consolidated principal amount of $18,200,000 with General Electric Capital Corporation, maturing January 31, 2002, extendable by two years
• Condominium reserve fund balance of $625,251 as shown on the latest financial statement
• Board of Managers and officers listed, with the sponsor having relinquished control of the Residential Committee
• Sponsor states it is current on all financial obligations to the condominium

Amendment 20 Feb 5, 1997

This Twentieth Amendment replaces the unit price schedule with new prices and estimated real estate taxes, adds a new budget and financial statement, changes the Sponsor's reserve fund payment schedule, and reports the refinancing of the Sponsor's loan.

• New Schedule A unit prices for the year August 1, 1996 to July 31, 1997 (Exhibit A)
• Estimated real estate taxes based on a rate of $108.07 per $1000 of assessed value, after the remaining maximum abatement; partial abatement estimated to last approximately 1/2 year
• New budget for common charges from the present fiscal year (Exhibit B)
• Sponsor's reserve fund payments set at minimum $7,500 per month through June 30, 1997, $8,000 per month for the next year, and $8,500 until June 30, 1999
• Sponsor loan refinanced: $16,200,000 consolidated principal with General Electric Capital Corporation, maturing January 31, 2002, interest at 2.4% above GE cost of funds
• New financial statement for the fiscal year ended July 31, 1995, audited by Reilly, Deane & Raboy (Exhibit C)
• Board of Managers and officers listed; Sponsor has relinquished control of the Residential Committee
• Sponsor's monthly payment on the refinanced loan is approximately $124,283

Amendment 19 Sep 29, 1995

This amendment replaces the unit price schedule with new prices and estimated taxes, attaches a new budget and financial statement, and updates the reserve fund, loan pledges, board members, and sponsor's counsel.

• New price schedule (Exhibit A) for units, with estimated real estate taxes starting with the July 1, 1995 tax year
• Taxes estimated at last year's rate of $107.83 per $1000 of assessed value, less remaining abatement, which is expected to last about 1 1/2 more years
• New budget (Exhibit B) for the current fiscal year; the Sponsor does not guarantee it will not change
• New financial statement (Exhibit C) for the fiscal year ended July 31, 1994 added
• Sponsor has funded $7,420 of the remaining $834,502 Reserve Fund obligation, at 5% of gross sales price of future sales
• Unsold residential units pledged to G.E. Capital Corporation for a $13,827,913 loan maturing June 1, 1997; commercial unit pledged to Bank of Great Neck for a $616,266 loan maturing December 1, 1995
• Board of Managers and officers updated; Sponsor has relinquished control of the Residential Committee
• Sponsor's counsel changed to Mitchell J. Nelson, Esq., Christy & Viener

Amendment 18 Mar 11, 1994

This eighteenth amendment updates the plan's estimated real estate taxes, the sponsor's financial disclosures and reserve fund funding obligation, the elected Board of Managers, and the planned subdivision of the commercial unit.

• Schedule A adds estimated real estate taxes from the July 1, 1993 tax year, at $99.10 per $1000 of assessed value after the remaining abatement
• Sponsor has funded $1,018,972.50 of the $1,853,475 Reserve Fund and will fund the balance by May 27, 1996
• Sponsor will fund $834,502 of the Reserve Fund obligation at 5% of gross sales price of future sales, plus interest
• Commercial unit to be subdivided into 13 separate commercial units
• Board of Managers elected at May 26, 1993 meeting; Sponsor relinquished control of Residential Committee
• Unsold residential units pledged to G.E. Capital for unpaid principal of $14,089,989.82, maturing June 1, 1997
• Reserve fund balance of $362,358 reduced by $37,662 for lobby renovations; additional $24,000 to be used for renovation and electrical upgrade
• Financial statement for fiscal year ended July 31, 1993 annexed as Exhibit B

Amendment 17 Apr 23, 1993

This amendment replaces the plan's Schedule A with 1993 price and cost estimates, including new estimated real estate taxes starting with the July 1, 1993 tax year, and discloses that a foreclosure against a related 305 Second Avenue property has been terminated.

• New Schedule A (Exhibit A) with 1993 unit prices and estimated monthly charges replaces the prior schedule
• Estimated real estate taxes per unit set from the July 1, 1993 tax year, using 1993/94 tentative assessed value times $99.10 per $1000 of assessed value, after deducting remaining J-51 abatement
• Tax exemption portion of J-51 benefits has ended; partial tax abatement is estimated to last approximately 24 more years
• Taxes will be based on full assessment and rate when the abatement ends; the estimate is not a guaranty and may change if the tax rate or assessment changes
• Foreclosure proceeding against the owner of 305 Second Avenue, where Sponsor principals were also principals, terminated after a three-year loan restructuring and extension, and the receiver was discharged

Amendment 16 Nov 10, 1992

This amendment replaces the plan's price schedule and budget with new figures for August 1, 1992 to July 31, 1993, and adds a new purchase agreement for sales of the Sponsor's units.

• New Schedule A (Exhibit A) of unit purchase prices and estimated monthly charges for August 1, 1992 to July 31, 1993, reflecting the budget adopted by the Board of Managers
• Revised budget for the August 1, 1992 to July 31, 1993 fiscal year (Exhibit B)
• New purchase agreement for sales of Sponsor's units listed in Exhibit D (Exhibit C)
• Sponsor states there are no other material changes to the plan

Amendment 15 Jul 8, 1992

This amendment changes how buyers' down payments are held in escrow, replaces the sponsor's legal counsel for plan matters, and adds disclosures about the sponsor's pledged unsold units, loans, and defaults on other offerings.

• Down payments placed in a segregated escrow account of Wien, Malkin & Bettex, Escrow Agent, within five business days after the agreement is signed by all necessary parties
• Escrow account is interest-bearing at the prevailing rate, which currently is 3%, credited to purchaser at closing unless purchaser defaults
• Unsold residential units pledged to G.E. Capital as security for a loan of $14,923,245.84 maturing June 1, 1997; monthly payment $125,782.79
• Commercial unit pledged to Bank Of Great Neck as security for a mortgage of $760,900.54 maturing December 1, 1995; monthly payment $11,593.60
• Sponsor's legal counsel changed to Mitchell J. Nelson, Proskauer Rose Goetz & Mendelsohn; Wien, Malkin & Bettex remains for unit closings
• Disclosed foreclosure at 305 Second Avenue, with a receiver appointed for unsold residential units, and 66 Pearl Street offering in abeyance
• Total monthly rent income $202,590.80 against monthly expenses of $164,663.18, stated as no shortfall
• Sponsor has no financial obligations due to the Board of Managers in the last twelve months, except Additional Reserve Fund contributions as unsold units are conveyed

Amendment 14 1992

This amendment adds a disclosure that, for sponsor-owned units rented to non-purchasing tenants, rent can be paid directly to the condominium board if the owner falls more than thirty days behind on common charges, and attaches the accountant's financial statements for the property.

• Disclosure added that rent from non-purchasing tenants of sponsor-owned units may be paid directly to the Condominium Board of Managers if common charges, assessments or late fees are more than thirty days late
• Rent goes back to the Unit Owner within three business days after common charges are current again
• Exhibit A attaches General Business Law Section 352-e(2-d), effective July 23, 1991
• Exhibit B adds the accountant's financial statements prepared by Reilly, Deane & Raboy
• Sponsor states there are no other material changes of fact or circumstances

Amendment 13 Jul 10, 1991

This thirteenth amendment adds the 1990 financial statements, a 1991-1992 budget that reduces estimated monthly common charges, an updated unsold-units list, and new sponsor financial disclosures.

• Estimated monthly common charges reduced by revised Schedule A in the 1991-1992 budget (Exhibit B)
• Proposed Budget for the year 1991-1992 added (Exhibit B)
• Financial Statement for the 1990 calendar year added (Exhibit A)
• List of unsold units updated (Exhibit C)
• Unsold units pledged to G.E. Capital as security for a loan of $15,189,000.00, maturing June 1, 1997; monthly payment $124,254.46
• Sponsor relinquishes control of the Board of Managers when more than fifty percent of residential units are conveyed to bona fide purchasers, or five years after title transfer of the first residential unit, whichever occurs first
• Board of Managers membership list provided

Amendment 12 Sep 13, 1990

The OCR text is too garbled to identify any changes this amendment makes to the offering plan.

Amendment 11 Jun 1, 1990

The OCR text is too garbled to identify any changes to the offering plan, so no amendment terms can be reliably reported.

Amendment 10 Jan 26, 1990

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

Amendment 9 Aug 24, 1988

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

Amendment 8 Jul 8, 1988

The OCR text is unreadable, so this amendment's changes to the plan cannot be identified.

Amendment 7 Mar 21, 1988

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

Amendment 6 Feb 26, 1988

The OCR text is unreadable, so this amendment's changes to the plan cannot be determined from the text provided.

Amendment 5 Dec 31, 1987

The OCR text is too garbled to identify any changes to the offering plan, so no changes can be reported.

Amendment 4 Oct 16, 1987

The OCR text is largely unreadable; only the heading of Schedule A (prices of units and first-year estimated data) for Printing House Condominium, 121 Hudson Street, New York, New York, is legible, so the specific changes cannot be determined.

Amendment 3 Sep 3, 1987

The amendment adds a free one-year fitness club membership for purchasers, a new cancellation right tied to a tenants association lawsuit, added security cameras, and a corrected Relocation Allowance figure.

• Sponsor will pay for a one-year basic fitness club membership, including any required initiation fee, for each non-tenant purchaser who signs a Purchase Agreement; purchaser pays any additional usage fees
• Multiple purchasers or a non-natural purchaser get one membership per unit purchased
• New paragraph 31 lets purchaser cancel if the 421 Hudson Street Tenants Association sues over the "No-Buy Pledge" and a court enjoins the closing, by written notice to the Selling Agent within five (5) days
• Paragraph 31 is deemed included in all Purchase Agreements signed before this amendment was filed
• Security video cameras will be installed in elevator vestibules on floors 2 through 8 and at the entrance to the Mews, monitored by the doorman
• Relocation Allowance example on page J-5 corrected to $5,400 from $5,550

Amendment 2 Jul 28, 1987

This amendment changes the down payment terms for a tenant-in-occupancy who buys a vacant unit in lieu of their currently occupied unit, requiring 5% within 20 days of executing the Purchase Agreement and the balance of the 10% down payment within 30 days after the Sponsor's written notice when the interim lease becomes effective.

• Down payment for a tenant-in-occupancy buying a vacant unit: 5% due within 20 days of execution of the Purchase Agreement
• Balance of the 10% down payment due within 30 days after written notice from Sponsor when the interim lease becomes effective

Amendment 1 Jul 17, 1987

This amendment confirms how the plan's room count was calculated, sets the approximate first offering date at July 17, 1987, replaces the water and sewer budget note with a $32,000 budget and supporting estimates, and adds "or renovated" to the elevator equipment description.

• Room count confirmed as one room per living room, bedroom, kitchen or kitchenette and den, not the Real Estate Board of New York guidelines stated in the engineer's report
• Approximate date of first offering deemed July 17, 1987
• Water and sewer note replaced: Sponsor budget of $32,000, with total estimated at approximately $30,371
• Elevator paragraphs amended to say equipment was "installed or renovated" under the Alteration of 1975
• No other material changes affecting the Offering as of July 17, 1987