536 East 13th Street Condominium

Amendment 8 January 2018

Sponsor unit price increased to $2,495,000, financial obligations clarified, and FinCEN reporting requirements added for certain purchases.

• Unit 1 purchase price increased to $2,495,000.00
• Sponsor relinquished Board control on December 6, 2016
• Monthly common charge for Sponsor unit is $892.06
• Monthly real estate taxes for Sponsor unit is $3,421.66
• Unit 1 is vacant with approximately $0.00 monthly rent
• Sponsor has no financial obligations due within 12 months
• FinCEN Geographic Targeting Order reporting requirements added for residential purchases meeting specified criteria

Amendment 7 November 2016

Amendment discloses sponsor financial status, board composition, and tax information for unsold units.

• Final Certificate of Occupancy issued September 20, 2016
• Sponsor holds units 1 and 2R; Unit 1 tenant in default with eviction proceedings commenced
• Monthly common charges for sponsor units: $1,351.68; monthly real estate taxes: $3,468.23
• Unit 1 rent received approximately $0.00
• No financial obligations due within 12 months other than common charges
• No mortgages or financing commitments on unsold units
• Harold Einhorn (President) and Yiannes Einhorn (Secretary/Treasurer) control Board of Managers
• Tax rate for 2016/2017: 12.883 per $100.00 of assessed valuation

Amendment 6 2016

Amendment documents the first unit closing, Certificate of Occupancy issuance, Declaration filing, and establishment of common charges and working capital accounts.

• First unit closing occurred April 28, 2016
• Temporary Certificate of Occupancy issued April 5, 2016, expires July 4, 2016
• Declaration filed March 11, 2016 (CRFN #2016000085974)
• Common Charges of $11,191.34 deposited to Sponsor's account at Banco Popular
• Working Capital Fund of $14,188.54 deposited to Sponsor's account at Banco Popular
• Sponsor holds unsold units #1, 2F, 2R, 4F, 4R, 5F and 5R
• Board members: Harold Einhorn (President), Yiannes Einhorn (Secretary/Treasurer)

Amendment 5 2016

Price increased for one sponsor-held unit.

Amendment 4 2016

Prices of 11 sponsor-held units have been increased.

• Unit 1 price increased to $2,250,000.00
• Unit 2F price increased to $1,300,000.00
• Unit 2R price increased to $1,400,000.00
• Unit 3F price increased to $1,350,000.00
• Unit 3R price increased to $1,450,000.00
• Unit 4F price increased to $1,400,000.00
• Unit 4R price increased to $1,500,000.00
• Unit 5F price increased to $1,600,000.00

Amendment 3 Mar 3, 2016

Purchase prices increased for 10 sponsor-held units.

• Unit 1: $2,200,000.00
• Unit 2F: $1,250,000.00
• Unit 2R: $1,350,000.00
• Unit 3F: $1,300,000.00
• Unit 3R: $1,400,000.00
• Unit 4F: $1,350,000.00
• Unit 4R: $1,450,000.00
• Unit 5F: $1,550,000.00

Amendment 2 Jan 6, 2016

Plan declared effective based on execution of Purchase Agreements for two units, representing 18% of the eleven units offered for sale.

• Plan declared effective by Sponsor notice dated December 10, 2015
• Two units (18% of eleven offered) with executed Purchase Agreements count toward effectiveness
• Units 3F and 3R have executed Purchase Agreements as of December 1 and December 7, 2015

Amendment 1 Aug 20, 2015

Purchase prices increased for 11 sponsor-held units.

• Unit 1: $2,150,000.00
• Unit 2F: $1,200,000.00
• Unit 2R: $1,300,000.00
• Unit 3F: $1,250,000.00
• Unit 3R: $1,350,000.00
• Unit 4F: $1,300,000.00
• Unit 4R: $1,400,000.00
• Unit 5F: $1,500,000.00