58 Dupont Street Condominium

Amendment 2 May 10, 2024

Amendment extends plan 6 months, adds roof access for Units 2-3, specifies appliances and washer/dryer types, includes plug-in jacuzzi for Unit 1, establishes new escrow account, and updates occupancy timeline.

• Plan extended 6 months
• Unit 2 exclusive roof access 102 sq ft; Unit 3 exclusive roof access 149 sq ft
• Maximum occupancy 1 person per Unit
• Washer/dryer hookups: Units 2-4 combo type; Unit 1 stackable type
• 36-inch Frigidaire model FFHT1513LW refrigerator and Frigidaire wall oven in each Unit
• Plug-in jacuzzi in rear yard of Unit 1
• Temporary Certificate of Occupancy expected June 2024
• New IOLA escrow account at Peapack-Gladstone Bank; signatories Eial Girtz and Lisa Kim
• Schedule A prices increased for 4 homes (median +8.6%): 1 $2,295,000 → $2,550,000; 2 $1,749,000 → $1,900,000; 3 $1,799,000 → $1,925,000; 4 $2,549,000 → $2,649,000

Amendment 1 Mar 7, 2024

Plan extended 6 months with revised floor plans, updated unit prices and common interest percentages, and adjusted tax assessments.

• Plan extended 6 months
• Unit 1 price increased from $2,295,000.00 to $2,550,000.00; common interest decreased from 39.4435% to 34.5%
• Unit 2 price increased from $1,749,000.00 to $1,900,000.00; common interest increased from 18.3585% to 19.5%
• Unit 3 price increased from $1,799,000.00 to $1,925,000.00; common interest increased from 17.4497% to 19.5%
• Unit 4 price increased from $2,549,000.00 to $2,649,000.00; common interest increased from 24.7483% to 26.5%
• First year of operation changed to July 1, 2024 to June 30, 2025
• Real estate tax levy for entire property estimated at $32,855.26 for July 1, 2024 through June 30, 2025
• Revised floor plans reflect as-built condition; construction substantially completed by March 2024