923 Bushwick Avenue Condominium

Amendment 3 Apr 20, 2023

The plan is declared effective after two units (20%) were purchased, and typographical errors in the Schedule A totals have been corrected.

• Plan declared effective; two units purchased (2B on 4/10/2023, 4B on 3/28/2023)
• Schedule A totals corrected for typographical errors
• First year operation period: July 1, 2023 – February 29, 2024
• Schedule A prices increased for 8 homes (median +18.1%): 1A $889,000 → $1,050,000; 1B $849,000 → $1,050,000; 2A $829,000 → $995,000; 2B $599,000 → $675,000; ...

Amendment 2 Mar 20, 2023

First year of condominium operation changed to July 1, 2023 – June 30, 2024, with updated budget including new fire alarm service line item and revised carrying charges and real estate taxes.

• First year of condominium operation: July 1, 2023 to June 30, 2024
• Insurance premium changed to $5,464.00
• Fire Alarm Service & Inspection line item added: $4,475.28
• First year estimated real estate taxes decreased to $4,822.00
• Year 2 (2024/25) taxes expected to increase to $38,893.00
• Revised Schedule A with new estimated carrying charges
• Revised Schedule B with updated budget
• No units currently in contract; no leases accepted

Amendment 1 Feb 3, 2023

All unit prices have increased.

• Unit 4A price raised from $899,000 to $1,100,000
• Unit 1A price raised from $889,000 to $1,050,000
• Unit 1B price raised from $849,000 to $1,050,000
• Unit 2A price raised from $829,000 to $995,000
• Unit 3A price raised from $829,000 to $975,000
• Unit 2B price raised from $599,000 to $675,000
• Unit 3B price raised from $599,000 to $655,000
• Unit 4B price raised from $649,000 to $695,000