FIFTEENTH AMENDMENT
TO
CONDOMINIUM OFFERING PLAN
THE 45 EAST 22ND STREET CONDOMINIUM
41-45 EAST 22ND STREET
NEW YORK, NEW YORK
Dated: September 8, 2016
TABLE OF CONTENTS
Paragraph
1.
Revise Purchase Prices .. .. .. .. ............. ................................... .. ... ... ........ .. ... .... .... ... .... .. .1
2.
Incorporation of the Plan .......... ......... .... .... ... ...... .... ....... ... ... ... ... ............... .......... ........ 1
3.
Definitions ........................................ .. .................... ........ .. ....... ... .. .. ............................. 1
4.
No Other Material Changes .. ... ... .. .............. .. .. .. ....... .. ........... .. ................ .... .. ........ ...... 1
EXHIBITS
A - Schedule A, Purchase Prices and Related Information for the projected First Year of
Condominium Operation
47924364 1
FIFTEENTH AMENDMENT
TO
CONDOMINIUM OFFERING PLAN
THE 45 EAST 22No STREET CONDOMINIUM
This Fifteenth Amendment modifies and supplements the terms of the Condominium Offering
Plan for the 45 East 22nd Street Condominium, 41-45 East 22nd Street, New York, New York, dated
September 15, 2014, as amended by the First Amendment, dated January 30, 2015, as amended by the
Second Amendment, dated February 10, 2015, as amended by the Third Amendment, dated March 4,
2015, as amended by the Fourth Amendment, dated March 17, 2015, as amended by the Fifth
Amendment, dated March 20, 2015, as amended by the Sixth Amendment, dated May 1, 2015, as
amended by the Seventh Amendment, dated June 25, 2015, as amended by the Eighth Amendment,
dated July 21, 2015, as amended by the Ninth Amendment, dated September 21, 2015, as amended by
the Tenth Amendment, dated October 20, 2015, as amended by the Eleventh Amendment, dated March
16, 2016, as amended by the Twelfth Amendment, dated April 11, 2016, as amended by the Thirteenth
Amendment, dated July 5, 2016, as amended by the Fourteenth Amendment, dated July 19, 2016 ("the
Plan") and should be incorporated into and read in conjunction with the Plan.
The terms of this Fifteenth Amendment are as follows:
1.
Revised Purchase Prices
Successor Sponsor hereby changes the Purchase Prices for certain Units. Annexed hereto as
Exhibit A is an updated Schedule A, Purchase Prices and Related Information for the projected First
Year of Condominium Operation, which reflects such updated Purchase Prices.
2.
INCORPORATION OF THE PLAN
The Plan, as modified and supplemented herein, is incorporated herein by reference with the
same effect as if set forth at length. Except as expressly modified herein, all provisions of the Plan
shall remain in effect.
3.
DEFINITIONS
All capitalized terms not expressly defined in this Amendment shall have the meanings given to
them in the Plan, as amended.
4.
NO OTHER MATERIAL CHANGES
Except as set forth in this Amendment, there are no material changes in the Plan.
SPONSOR:
45 East 22nd Street Property LLC
EXHIBIT A
Schedule A, Purchase Prices and Related Information for the projected First Year of Condominium
Operation
#47924364_vl
SCHEDULE A
45 East 22nd Street Condominium
45 Elis! 22nd Street
New York, NY
PURCHASE PRICES AND RELATED INFORMATION
PROJECTED COMMON CHARGES AND REAL ESTATE TAXES ARE FOR
THE FIRST YEAR OF CONDOMINIUM OPERATION JULY I, 2017-JUNE 30, 2018
(I)
(1)
UNIT
IJA•
14A
14B
l4C
14D
15A
15B
16A
16B
17A
17B
ISA
!SB
19A
19B
20A
2DB
21A
21B
22A
22B
23A
23B
24A
24B
25A
2M
26B
27A
27B
28A
28B
29A
298
30A
308
31A
31B
JlA
32B
33A
llB
34A
34B
35A
35B
36A
36B
37A
37B
38A
38B
NO BEDROOMS
2BR
DBR
DBR
DBR
D BR
2 BR
I BR
2BR
1 BR
3 BR
I BR
3 BR
I BR
3 BR
I BR
3 BR
1 BR
3 BR
l BR
3 BR
1 BR
3 BR
1 BR
3BR
1 BR
3 BR
2BR
2BR
2BR
2.BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2.BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
2BR
(1)
NO BATIIS I
HALF BATl:IS
2
1
I
I
I
2
1
25
1
3
1
3
1
3
1
3
1
3
I
3
I
3
I
3
I
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
(3)
APPROX
UNIT
SQUARE
(4)
PURCHASE
(5)
COMMON
FOOTAGE-
PRICE
INTEREST
1.415
641
568
558
637
1.708
1,065
1.930
L074
2.125
1.091
2_138
1.087
2.140
1,J 15
2..153
1.121
2.167
1,128
2.180
l.134
2.193
1,140
2,206
1.146
2.237
1,929
1.479
1,942
l ,486
1.955
1.491
1,968
1,497
1,981
1,503
1,994
1.509
2.006
1,514
2.018
1.520
2,030
1.525
2.042
1,530
2,053
1.534
2,064
1,539
2,074
1,542
$2.600.000
$1.225.000
Sl,235.000
$1,255.000
$1.410.000
0,67S2%
0,3088%
0.2736%
0,2688%
D.3068%
0.8268%
0,5155%
0,9388%
0,5224%
1.0388%
0.5333%
1.0502%
0.5340%
S4.ioo.ooo
$2,500.000
$4.830.000
$2.550.000
SM?0,000
S2.600,000
$5._740 DOD
$2,750,000
$5.820.000
$2.760.000
$6.,040,000
$2,980,000
$6_270.000
sz.99>;ooo
$6,500,000
$3.020_000
$6,650,000
$3,095.000
$6,690,000
S3.200,000
$6,775.000
$5,575.000
S4,405 000
$5_655.000
$4,975.000
SS,835.000
$4.545.000
$6,035,000
$4,700,000
$6.270.000
$4,900,000
$6,550,000
$4,990,000
$6.660.000
$5,080,000
$6.730.000
$5.160.000
SG,800,000
$5,240,000
S6,860,000
$5,500,000
$7,070,000
$5,415,000
$7,090,000
55.515.000
$7, 190,000
S5 590,000
1,0563%
D.5504%
1,0679"/o
0.5560%
1.0800%
0.5622%
1.0917%
0,5679"/o
1.1034%
0.5736~\
11152%
0.5793%
1-1362%
0 9844%
0,7547%
D 9956%
D 7618%
1 0070%
D 7680%
1 0183%
07746%
I 0298%
0 7813%
1.0413%
0.7880%
1.0524%
D 7942%
I 0635%
0.8010%
LD746%
D 8073%
1 0858%
D 8136%
10966%
08 194'9
1 1074%
0 8257%
11177%
D 8310'!.
(6)
PROJECTED
MONTHLY
COMMON
CHARGES
$0 00
$687,61
$60930
$598.58
$683,32
Sl,841.27
$1.148.10
$2,090.84
$1.163.51
$2.313 ,38
$1 ,187.72
S2.338,89
$1.189.13
$2,352.44
SU25.69
$2.378.16
$1 ,238.24
S2.405J4
Sl.251.96
$2,431.14
Sl.264.64
$2,457.28
Sl,277 38
$2.483 57
$1.290.19
52-530 35
$2.192.20
Sl.680 so
$2.217.29
$1.696 65
Sl,242.51
$1,710.27
$2.267 88
$1 ,725 II
$2,29338
$1.740 00
$2,319.02
$1_754 96
$2.343.62
$1_768 82
$2 368-36
$1.783 90
$2.393 22
$1,797 87
$2.418.21
$1.811 88
$2,442 14
St ,824 77
SZ.466 19
Sl.838 89
$2.489.15
Sl,850.66
(6)
PROJECTED
ANNUAL
COMMON
CHARGES
$0.00
$8.25135
$7,311-65
$7.182.92
$8.199 86
$22,095_28
$13.777.21
$25.090 14
Sl3,%208
$27.760.57
$14,252 60
$28.066 64
$14.269.62
$28,229.27
$14,708.24
$28,537.96
$14,858 83
$28,861 62
$15.023 49
$29,173 69
$15, 175 67
$29.487 41
$15,328 61
$29,802 79
$15,482.32
$30,364 15
$26,306.41
$20,169 61
$26,607.45
$20,359 77
$26,910, 15
$20,523 29
$27.214 50
$20,701 27
$27,520 51
$20,880 OJ
$27,828.18
$21 ,059 54
$28.123.49
$21 ,225 80
$28,420 32
$21.406.78
$28.718 69
$21 ,574 38
$29,0 18 58
$21.742.62
$29.305. 73
$21,897,22
$29,594,28
$22,066,66
$29,869,83
$22,207.94
(7)
PROJECTED
MONTHLY
RE TAXES
$2,296 26
SI.045.39
$926.34
5910_03
$1.038.87
$2.799 32
$1.745 48
$3.178.75
Sl,768.90
$3.51708
$1-805 71
s:J,555 85
$1_807,86
$3.576.46
Sl ,863 43
$3.615.57
$1.882.51
S3,656 57
Sl,90337
$3.696 11
SI 922 65
$3.735 85
Sl ,942 OJ
SJ.775 81
$1.961 50
$3,846 93
53.332.84
$2.555 35
Sl.370 98
$2.579 44
$3.409. 33
$2,600 16
$3.447.89
$2.622 71
S3,4B6 66
$2,645 36
$3,525.64
SZ.66810
$3.563.05
$2.689 16
SJ,600 66
$2,712..09
$3.638 46
$2,733.33
$3.676 46
$2.754 64
$3.712 84
$2,774 23
$3,749 39
$2.795 70
$3,784 30
$2,8 13 .60
(7)
PROJECTED
ANNUAL
RE TAXES
$27,555 ,14
S l l.544 68
$11,116,03
SI0,920.33
$12-466.40
$33,591.86
$20.945 ,74
$38.145 ,00
$21,226,80
$42.204,90
$21 ,668,49
S4Z.67D.23
$21.694.36
$42.917.48
$22.361.21
$43386.78
$22.590, 15
$43,878.86
$22.840.49
$44.353.30
$23,071.85
$44.830,25
$23.304,37
S4-S.309,73
$23,538,06
$46,163.18
539.994.12
$30.664 23
S4D,45U9
$30.953 33
$40.911.99
$31 ,201 93
$41.374 71
$31.472 53
$41 ,839 94
$31.744.29
$42.307 70
$32,017.21
$42,756.65
$32.269 98
$43,207 94
:032 545. 13
$43.661.55
$32_.799 93
$44,117,48
S33.055 70
$44.554 04
$33._290.74
$44,992 73
SlJ.548-36
$45.41 I.65
$33.763. 15
(8)
PROJECTED
TOTAL MONTHLY
CARRYING
CHARGES
$2,296 26
SJ.733 00
Sl ,535 64
$1.508 60
$1,722.19
$4,640 59
$2.893-58
$5,269 59
$2,932 41
$5.830 46
$2.993 42
$5.894 74
$2,997 OD
$5.928 90
$3,089 12
$5 993. 73
$3.120 75
$6,061.71
$3,155 33
$6.127 25
$3,187 29
$6.193 14
$3.219 42
$6,259 38
$3,251 70
$6,377.28
$5.525 .04
$4.236.15
$5,588 27
$4_276 09
$5.651 84
$4,310.44
$5.715.77
$4_347 82
$5,780,04
$4,385.36
$5,844,66
$4,423 .06
$5,906.68
$4,457.98
$5,969,02
$4,495.99
$6.031,69
$4.531.19
$6,094. 67
$4,566.53
$6.154,98
$4.599,00
$6,215 58
$4,634 59
$6,273 46
$4.664.26
(9)
ALLOCATION OF
RESIDENT
MANAGERS
UNIT PURCHASE
$0 00
$8.313 77
$7,366 %
$7.237 26
$8.261.89
$22.262 43
$13.881_44
$25.279.95
$14,067. 70
SZ.7,970 58
$14.360 43
$28.278 97
Sl4.377 57
$28,442 83
$14.819.51
$28.753 86
$14.97L24
$29.079 97
$15, 137 15
$29.394_39
$15,290 48
S29.71D 49
$15.444 58
$30,028 26
$15,599 45
$30,593 _86
$26.505 42
$20,322.20
$26,808 74
$20.513 79
$27.113.73
$20,678_55
$27,420 39
$20,857 gg
$27,728 71
$21 ,037 99
$28,038.71
$21,218.86
528.336 25
$21 ,386.38
$28,635 33
Sll,568 73
$28.935 95
$21.737 60
$29.238 11
$21 ,907 11
$29.527.43
$22.062 88
$29,818 17
$22,233 60
S30.095,80
$22,375 95
SCHEDULE A
45 East 22nd Street Condominium
45 East 22nd Street
New York, NY
PURCHASE PRJCES AND RELATED INFORMATION
PROJECTED COMMON CHARGES AND REAL ESTATE TAXES ARE FOR
THE FIRST YEAR OF CONDOMINIUM OPERATION JULY 1, 2017-JUNE 30, 2018
(1)
UNIT
40A
40B
4JA
42A
42B
43A
44A
44B
45A
46A
468
47A
43A
48B
49A
50A
50B
SIA
52A
52B
53A
5SA
56A
57A
58A
59A
60A
61A
62A
PHB
PHA
RESIDENTIAL TOTAL
GRAND TOTAL
•Resident Managers Unit
(1)
NOBEDROCMS
3BR
2BR
3BR
3 BR
2BR
3 BR
3 BR
2BR
3BR
3BR
2BR
3BR
3BR
2BR
3 BR
3 BR
2BR
3 BR
3 BR
2BR
3 BR
4BR
4BR
4BR
4BR
4BR
4BR
4BR
4BR
4BR
2BR
(1)
NO BATHS /
HALF BATHS
3
2
3
3
2
3
3
2
3
3
2
3
3
2
3
3
:?
3
3
2
3
4.5
4.5
45
45
45
4.5
4.5
45
4.5
2
198
(3)
APPROX
UNIT
SQUARE
FOOTAGE
2 4)4
2.144
2.427
2.433
2, 154
2.445
2.451
2.162
2-462
2.467
2,164
2.478
2,482
2.169
2.492
2.4%
2,173
2.505
2,509
2,175
2.517
4,651
4655
4.658
4.660
4662
4.664
4.664
4,663
6.032
7,028
183,878
183878
(4)
PURCHASE
PRJCE
----$8.475.000
$7.650.000
$8.625.000
$8,775,000
$7.750.000
$8.925.000
$9.050.000
$7.875.000
$9,195,000
$9.330,000
$8.000,_000
$9,465.000
$9.600.000
$8,328.125
$9,735,000
$9.870.000
$8,405.000
$10.000.000
$10.135.000
$8,275,000
$10.270,000
$20 500 000
$20.750,000
$21.010,000
$21.275,000
$23.700,000
$24.350,000
$24.650 000
$24 950,000
$38.000.000
$48.000,000
$706,613,125
$706.613.125
(5)
COMMON
INTEREST
J 3067%
1-1605%
1.3195%
1 3286%
I 1762%
1.34100/o
I 3442%
J 1909%
1.3 620%
1,3707%
l .2023%
1,3827%
1.3908%
1.2154%
14024%
1.4106%
12281%
1.4216%
l.4299%
1.2396%
1.440S%·
2.6728%
2.6862%
2.6991 %
2,7113%
2.7236%
2.7359%
2 7470%
2 7576%
3.5815%
4, 1897%
100.0000•;.
100.0000°;.
(6)
PROJECTED
MONTHLY
COMMON
CHARGES
$2,910.03
$2.584.55
$2.938.59
$2,958,77
$2.619.48
$2,986.35
$2,993 .68
$2.652, 17
$3.033.26
$3.052.53
$2 677 61
$3 ,01930
$3.097.45
$2.706,83
$3,123 16
$3. 141.43
$2.734.91
$3.166 06
$3.184 44
$2.760.52
$3.207 96
$5.952 48
$5.982 32
$6,010_91
$6.038,24
$6.065 58
$6.092 95
$6.117 72
$6,141.17
$7.976.18
$9.330 52
S22J,192.75
$221,192.75
(6)
PROJECTED
ANNUAL
COMMON
CHARGES
$34,920.36
$3).014 60
$35.263.07
$35,505.30
$31.433.79
$35,836.22
$35,924 17
$31 ,826 09
$36.399 18
$36.630 31
$32,131 .33
$36,951.55
$37.16937
$32.482.02
$37,477-93
$37,697.15
$32.818 87
$37,992.71
$38.213.26
$33.126 28
$38,495 50
$71 ,429 72
$71 ,787.79
$72,130 89
$72,458.83
$72,787,01
$73, 115 46
$73.412 68
$73.694.09
$95.714. 17
$111.966 30
S2,6S4,313.00
S2,6S4,313.00
(7)
PROJECTED
MONTHLY
R.ETl.\XES
$4.424.17
$3.92934
$4.467.59
$4.498.28
$3.982-45
$4.540 21
$4,551 35
$4.032 15
$4.611 53
$4,640.81
$4.070 82
$4,,681.51
$4,709 11
$4.115.25
$4.748 20
$4,775 97
$4.15793
$4.813 42
$4.841 36
$4.196 87
$4,877 12
$9.049.66
$9.095.03
$9,138 49
$9.180.04
$9.22162
$9,263 23
$9.300 89
$9.336 54
$1 2,126.33
$14.18537
$338.579.67
$338,579.67
(7)
PROJECTED
ANNUAL
RE T AXES
$53.090.06
$47,152.07
SSJ,61 LIO
$53,979.36
$47,789.37
$54,482.47
$54,616, 17
$48,385 78
$55.338 34
$55,689,74
$48,849 86
$56,178 13
$56,509.28
$49,383.0 1
$56.978.39
$57,311 67
$49,895.13
$57.761 OJ
$58_0%,33
$50.362 50
$58,525,42
$108.595 ,91
$109,140.30
$109,661.92
$110.160 49
$110,659 44
$111.158.77
Sl l l ,6 1 0.~
$112.038 48
$145,516.01
$170,224 42
S4,062.956.00
$4,062,956.00
(8)
PROJECTED
TOTAL MONTHLY
CARRYING
CHARGES
$7.334 20
$6,513.89
$7,406. 18
$7.457 05
$6,601 93
$7,526 56
$7,545 OJ
$6,684 32
$7.644 79
$7,693 34
$6,748.43
$7,760 81
$7,806.55
$6.822.09
$7.871.36
$7,917.40
$6.892 83
$7.979 48
$8,025 80
$6.957 40
$8.085 08
$15,002 14
$15,077 34
$15.149.40
$15.218.28
$15.287.20
$15,35619
$15.418 61
$15.477.71
$20.102.52
$23.515 89
$559,772.42
$559,772.42
(9)
ALLOCATION OF
RESIDENT
MANAGERS
UNIT PURCHASE
$35.184.54
$31 .249.23
$35.529 85
$35.773.90
$31 .671.59
$36.107.33
$36,195.94
$32.066 86
$36.674 55
$36,907 43
$32.374 41
$37.231 10
$37,450.56
$32,727 75
$37.761.46
$37.982 33
$33,067 15
$38.280 13
$38,502 35
$33.376 89
$38.786 73
$71 .970 10
$72,330 89
$72,676.58
$73.006 99
$73.337.67
$73,668 59
$73,968_06
$74.251 60
$96,438 27
$112.813 ,35
$2,674,393.50
$2,674,393.50