619 East 6th Street Condominium (La Botanica)

Amendment 7 2024

The amendment reports that only Unit 1 remains unsold, discloses a pending lawsuit against a contractor, attaches the final certificate of occupancy and 2023 financials, confirms the Sponsor still controls the board, notes the transfer of Unit 4, and extends the offering plan for twelve months.

• Only Unit 1 remains unsold; its monthly common charge is $3,646.29 and its aggregate monthly real estate taxes are $1,465.95
• Plan extended for twelve months from the date of the amendment
• Unit 4 transferred to Carker Clare Corp., a Sponsor member, in lieu of a cash distribution; the unit will not be rented
• Lawsuit: CPARE LLC v. ARCHIGLAZE NORTH AMERICA, INC. (Index No. 651097/2023), seeking $394,400.00 over undelivered or defective exterior windows, doors and screens; no settlement
• Final certificate of occupancy issued May 21, 2024 (Exhibit 1)
• 2023 financials and second-year budget attached (Exhibit 2); first unit closing was April 11, 2023
• Common charges collected for all units from July 1, 2023
• Sponsor still controls the Board because Unit 1 (35.15% common interest) has not sold

Amendment 6 2023

This sixth amendment updates lawsuit status, the temporary and expected final certificate of occupancy, the sale of Unit 4 to a Sponsor designee, the working capital amount, and extends the offering plan by six months.

• Temporary certificate of occupancy expires January 14, 2024; final certificate of occupancy anticipated February 2024, pending approval
• Offering Plan extended for six months from the date of the amendment
• CPARE LLC seeking judgment of $394,400.00 against Archiglaze North America, Inc. over undelivered or defective windows, doors and screens
• Unit 4 closed August 21, 2023, sold to Sponsor designee Carker Clare Corp., a Sponsor member
• Elite Investigations lawsuit settled with stipulation of discontinuance filed
• Trade Off, LLC lawsuit settled; notice of pendency cancelled October 12, 2023
• Working capital fund amount is $14,944.79, held at JP Morgan Chase

Amendment 5 2023

This amendment moves the first closing to May 1, 2023, lowers the offering prices of Units 1 and 3, revises common interest percentages and the first-year budget, and reports four mechanics liens as discharged.

• Offering price of Unit 1 changed from $5,500,000.00 to $5,250,000.00
• Offering price of Unit 3 changed from $2,950,000.00 to $2,675,000.00
• First closing changed from May 1, 2022 to May 1, 2023
• Purchasers entitled to rescind get 15 calendar days after presentation of this amendment to do so
• Common interest percentages revised for all five units (Unit 5 changed from 33.61% to 34.01%)
• First-year budget for May 1, 2023 to April 30, 2024 raised: total common charges changed from $112,785.00 to $117,133.50
• Real estate tax estimate lowered
• Plan extended for six months

Amendment 4 Feb 3, 2023

This Fourth Amendment reports that one unit is now in contract, updates the budget and real estate tax estimate, renews the temporary certificate of occupancy, and extends the offering plan by six months.

• One unit in contract (Unit 1)
• Real estate tax estimate for the first year after completion decreased from $118,557.00 to $105,384.00
• New budget for May 1, 2023 to April 30, 2024 to be submitted before the current budget expires; Sponsor does not anticipate material changes
• New Temporary Certificate of Occupancy issued February 8, 2023, expiring May 9, 2023; Sponsor will renew it on or before expiration
• Offering Plan extended for six months from the date of the amendment

Amendment 3 Aug 9, 2022

The amendment declares the plan effective based on one purchase agreement covering 20% of the five residential units offered for sale, and extends the plan for six months.

• Plan declared effective on one purchase agreement, 20% of the five residential units offered for sale
• Declaration of effectiveness notice dated August 5, 2022, hand delivered to purchasers
• Plan extended for six months from the date of this amendment
• Sponsor affidavit states no material first-year budget changes beyond those disclosed in a filed amendment

Amendment 2 May 31, 2022

This second amendment to the 619 East 6th Street condominium offering plan sets new prices for five unsold units (Units 1, 3, 4 and PH, with Unit 2 unchanged) and states no other material changes except as set forth in the amendment.

• Unit 1 price set to $5,500,000.00
• Unit 3 price set to $2,950,000.00
• Unit 4 price set to $2,975,000.00
• Unit PH price set to $6,995,000.00
• Unit 2 price unchanged
• No other material changes to the Property or Offering, except as set forth in this amendment

Amendment 1 Jan 28, 2021

This amendment changes unit sizes, layouts, storage, common interest percentages, the selling and managing agents, and the Sponsor's liens and lawsuits, and extends the plan by one year.

• Common interest changed: Unit 1 from 27.84% to 35.37%; Unit 2 from 3.28% to 4.01%; Unit 3 from 15.00% to 13.26%; Unit 4 from 15.79% to 13.75%; Unit 5 from 38.09% to 33.61%
• Square footage changed: Unit 1 from 3446 to 3052; Unit 3 from 1395 to 1317; Unit 4 from 1395 to 1317; Unit 5 from 2492 to 2,353.31; Unit 3 bathrooms from 2.5 to 2
• Storage units for Units 2, 3, 4 and 5 become Limited Common Elements; there will be no Storage License Agreements
• Unit PH renamed Unit 5; Unit 5 balcony changed from 210 to 67.87 SF; Unit 5 terrace changed from 1041 to 1,110.84 SF
• Selling Agent changed to Douglas Elliman
• Managing Agent changed to Milan/Quatrone Property Management
• Four additional mechanics liens filed against Sponsor; three active lawsuits described
• Offering Plan extended for one year from the date hereof