78 Irving Place Condominium

Amendment 7 Jun 15, 2017

This amendment revises purchase prices for certain residential units.

Amendment 6 May 4, 2017

Sponsor revised purchase prices for certain residential units at 78 Irving Place Condominium.

• Unit 1A price: $2,950,000
• Unit 1B price: $6,950,000
• Unit 2 price: $6,475,000
• Unit 3 price: $6,775,000
• Unit 4 price: $6,950,000
• Unit 5 price: $7,295,000
• Penthouse price: $20,900,000
• Total offering price: $58,295,000
• Schedule A prices decreased for 1 home (median -5.4%): PH $22,100,000 → $20,900,000

Amendment 5 Dec 1, 2016

This amendment reports the first closing, temporary certificate of occupancy, condominium board members, and extends the plan's effective period by six months.

• First Closing occurred October 17, 2016 for Unit 4
• Temporary Certificate of Occupancy issued; permanent certificate not yet issued
• $101,585.00 held in PCO Escrow Account to secure Permanent Certificate of Occupancy
• Declaration of Condominium executed August 4, 2016 and recorded September 29, 2016
• Working Capital Fund of $16,812.00 held at Capital One Bank as of December 1, 2016
• Five (5) unsold units owned by Sponsor as of December 1, 2016
• Condominium Board members: Joshua Zegen (President/Secretary) and Brian Shatz (Vice President/Treasurer)
• Plan effective period extended six (6) months from Filing Date

Amendment 4 Jun 16, 2016

Managing agent changed to Douglas Elliman, storage bin prices revised, floor plans updated, budget adjusted for new fiscal year July 1, 2016 - June 30, 2017, and escrow bank changed to Signature Bank.

• Managing agent changed from First Service Residential New York, Inc. to Douglas Elliman Property Management
• Storage bin purchase prices revised: Bin 1 $34,650.00, Bin 2 $33,600.00
• Floor plans revised for Cellar and certain Units (unsold units only)
• Budget period changed to July 1, 2016 - June 30, 2017
• Escrow bank changed to Signature Bank at 261 Madison Avenue, New York, New York 10016
• Plan declared effective based on 3 Units sold (43% of 7 units offered)

Amendment 3 2016

Third amendment confirms no outstanding lawsuits, lists seven unsold units as of March 23, 2016, and extends the plan's usable period.

• No outstanding lawsuits or proceedings affecting the offering or Sponsor's capacity
• Seven unsold units owned by Sponsor as of March 23, 2016: Units 1A, 1B, 2, 3, 4, 5, and PH
• Sponsor controls Board until all units sold or five years after First Closing
• Plan may not be used after six months from Filing Date unless further extended

Amendment 2 Aug 28, 2015

The amendment changes the escrow bank for down payments and master escrow account to ConnectOne Bank.

• Escrow Bank changed to ConnectOne Bank
• Master escrow account location: 551 Madison Avenue, Suite 202, New York, NY 10022
• Purchase Agreement Section 12.3 revised with new escrow bank details

Amendment 1 Jun 9, 2015

Sponsor revised purchase prices for certain units in the condominium.

• Schedule A prices increased for 7 homes (median +8.4%): 1A $2,625,000 → $2,950,000; 1B $6,225,000 → $6,950,000; 2 $5,975,000 → $6,475,000; 3 $6,275,000 → $6,775,000; ...