610 Warren Street Condominium (Six Ten Warren)

Amendment 11 Nov 16, 2018

Purchase price modified for penthouse unit PHB.

Amendment 10 Sep 17, 2018

Purchase price for Unit 4B changed to $1,700,000.00.

Amendment 9 Jun 22, 2018

Prices for four units adjusted and offering period extended six months.

• Unit 3C price set to $1,325,000.00
• Unit 4F price set to $1,450,000.00
• Unit 5F price set to $1,475,000.00
• Unit 5A price set to $1,925,000.00
• Offering period extended six months from amendment acceptance
• Schedule A prices increased for 3 homes (median +7.3%): 3C $1,250,000 → $1,325,000; 4F $1,350,000 → $1,450,000; 5F $1,375,000 → $1,475,000

Amendment 8 Apr 20, 2018

Ownership of unsold units redistributed among three sponsors, certain unit prices changed, and offering term extended.

• Unsold units redistributed: 610 Warren Property, LLC owns Units 2D, 3C, 4A, 4C, 4F, 5C, 5F, PHB; Warren Street NY A LLC owns Units Garden A, 2C, 4B, 5A
• Unit 1A price set to $1,400,000.00
• Unit 2C price set to $1,675,000.00
• Unit 5C price set to $1,350,000.00
• Offering term extended twelve (12) months from acceptance date
• Units 2D, 3C, 4A, 4C, 4F, 5C, 5F, PHB encumbered by $7,000,000.00 mortgage from Bank Leumi USA with ~$28,000.00 monthly obligations
• Common charges for unsold units approximately $10,143.47 per month
• Property taxes for unsold units approximately $6,276.65 per month
• Schedule A prices increased for 2 homes (median +5.9%): 2C $1,650,000 → $1,675,000; 5C $1,275,000 → $1,350,000

Amendment 7 Nov 15, 2017

Amendment documents first unit closing, updates budget and tax information, and extends offering period.

• First Unit Closing occurred October 30, 2017
• Temporary Certificate of Occupancy issued September 26, 2017, renewed October 25, 2017
• Permanent Certificate of Occupancy security deposit posted: $100,000.00
• Declaration recorded June 8, 2017; First Amendment to Declaration recorded October 23, 2017
• Separate real tax assessments effective January 1, 2018 with actual monthly taxes included in Schedule A
• Working capital fund approximately $7,607.30
• Contingency line item reduced to $5,000.00; Reserve Fund increased to $32,500.00
• Offering plan extended six (6) months from acceptance date
• Schedule A prices increased for 2 homes (median +1.5%): 2E $950,000 → $960,000; PH-D $1,625,000 → $1,650,000

Amendment 6 May 22, 2017

Storage bins reduced from 30 to 20, handicap parking space relocated, roof terrace unit square footage corrected, and first year budget updated.

• Storage Bins decreased from 30 to 20
• Handicap Parking Space location moved
• Roof Terrace Unit 1 square footage corrected in Schedule A
• First Year Budget updated to reflect storage bin removal and related income/expense changes

Amendment 5 May 5, 2017

Prices updated for two units in the condominium.

• Unit 3A price set to $1,980,000.00
• Unit 5A price set to $2,100,000.00

Amendment 4 Dec 22, 2016

Plan declared effective with 13 units (41%) sold, term extended 6 months.

• Plan declared effective
• 13 units sold to bona fide purchasers (41% of building)
• Plan term extended 6 months from amendment date
• No outstanding rescission rights on units counted toward effectiveness

Amendment 3 Jul 14, 2016

Price of Unit 2E adjusted to $960,000.00.

Amendment 2 Sep 12, 2016

Amendment revises floor plans, converts three roof terraces to sellable units, updates budget and utility costs, and changes building specifications.

• Three Roof Terrace Units now sellable (purchasable only by residential unit owners)
• Floor plan revisions: unit dimensions, TH-1 renamed Garden A, TH-2 renamed Garden B, storage cages changed to CMU walls
• Building specifications updated: foundation changed to 24" concrete mat, brick finish instead of veneer, parapet copings changed aluminum to stone, balcony finish changed tile to concrete
• Mechanical systems changed: heating system from multi-split to mini-split type, roof AC unit changed from RTU to ERV, apartment air handlers changed to ducted distribution
• Budget and Schedule B-1 revised based on updated utility cost analysis by A&D Engineering, PLLC
• Electrical system updates: residential lighting by ZND Glow, common area lighting specifications added, wine coolers added to 12 units
• Elevator specifications revised: stainless steel door finish, stone tile flooring, bronze base and handrail, mirror back panel
• Wells Fargo Home Mortgage designated as preferred lender

Amendment 1 Jul 14, 2016

Price reduced for one penthouse unit.