524 Halsey Condominium

Amendment 7 Apr 21, 2026

This amendment extends the offering plan term by twelve months and updates unsold unit information, board composition, selling agent, and condominium budget as of April 20, 2026.

• Plan term extended for 12 months from amendment date
• Four unsold residential units remain: Units 105, 107, 109, and TH1, totaling $8,080,000
• Two unsold storage licenses available at $8,000 each
• Unit Owners took control of Board of Managers on August 4, 2025; current members are Chris Beirne, Vanessa Hobeika, and Michael Hoak
• Selling agent changed from Douglas Elliman Real Estate to Compass at 110 Fifth Avenue, 3rd Floor, New York, NY 10011
• 2026 condominium budget is $367,701.78 in income and expenses
• No 2025 financial statements available yet; will be disclosed in future amendment
• Schedule A prices decreased for 2 homes (median -3.7%): 105 $1,995,000 → $1,795,000; TH1 $2,800,000 → $2,695,000

Amendment 6 Jan 9, 2026

Unit prices updated for four units.

• Unit 105: $1,795,000
• Unit 107: $1,595,000
• Unit 109: $1,995,000
• Unit TH1: $2,695,000

Amendment 5 2025

This fifth amendment extends the offering plan term by twelve months and provides updated financial and operational information as of July 1, 2025.

• Plan term extended for twelve (12) months from date of amendment
• First Unit Owner's meeting held August 4, 2025; Board of Managers control transferred from Sponsor to Unit Owners
• Final Certificate of Occupancy issued March 31, 2025
• Ten (10) unsold residential units totaling $17,250,000.00 with aggregate Common Charges of $11,177.25 per month
• Seven (7) unsold storage licenses available at $8,000.00 to $10,000.00 each
• 2025 operating budget of $350,384.00; no prior year financial statements available as first full year of operations
• Sponsor current on all financial obligations to condominium
• Schedule A prices increased for 2 homes (median +4.2%): TH1 $2,699,000 → $2,800,000; TH2 $2,399,000 → $2,500,000
• Schedule A prices decreased for 1 home (median -2.4%): 105 $2,045,000 → $1,995,000

Amendment 4 Feb 4, 2025

Common interest percentages amended for 10 units; first unit closing occurred January 30, 2025 with temporary certificate of occupancy; $5,000 escrowed for final certificate; plan term extended 6 months.

• Common interest percentages amended for units 102, 104, 105, 107, 109, 302, PH2, PH3, TH1, TH2
• First unit closing occurred January 30, 2025
• Temporary certificate of occupancy issued December 13, 2024
• $5,000 escrowed to secure final certificate of occupancy
• Declaration recorded January 15, 2025
• Working capital fund balance $21,785.10 as of February 17, 2025
• First unit owner's meeting to occur within 90 days of first closing
• Plan term extended 6 months

Amendment 3 Oct 4, 2024

Offering prices for 20 residential units and 5 storage licenses are amended, and the plan is declared effective.

• Prices set for 20 residential units ranging from $995,000 to $2,200,000
• Storage license prices set at $10,000 each for units 10, 11, 12, 13, and 14
• Plan declared effective upon acceptance of purchase agreements for 5 units (16% of 31 residential units offered)

Amendment 2 Jun 11, 2024

Unit 106 offering price increased to $1,200,000.

Amendment 1 Mar 8, 2024

Amendment reduces units from 32 to 31 by eliminating one penthouse, updates Schedule A prices and common interest percentages, moves first closing to July 1, 2024, and revises real estate tax and budget projections.

• Number of residential units reduced from 32 to 31; penthouse units reduced from 4 to 3
• First unit closing/commencement of condominium operations projected for on or about July 1, 2024
• Schedule A amended with new offering prices and common interest percentages
• Estimated assessed value increased 2.4% from $2,939,092 to $3,009,520 upon completion
• First year real estate taxes decreased 11.5% from $259,401 to $230,010
• Second year real estate taxes increased 4.6% from $359,598 to $376,250
• Amended floor plans replace previously included plans
• Budget updated with amended common charges