SEVENTEENTH AMENDMENT
TO
CONDOMINIUM OFFERING PLAN
HALCYON CONDOMINIUM
305 EAST 51 ST STREET
NEW YORK, NEW YORK 10022
Dated: October 28, 2014
#33440513_v3
Section
Page
1.
Plan Declared Effective
1
2.
Incorporation of the Plan
1
3.
No Other Material Changes
1
4.
Definitions
1
5.
Effective Period for Using Plan Is Extended
2
Exhibits
A.
Affidavit in Support of Declaring the Plan Effective
2
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SEVENTEENTH AMENDMENT
TO
CONDOMINIUM OFFERING PLAN
HALCYON CONDOMINIUM
This Seventeenth Amendment modifies and supplements the terms of the Condominium
Offering Plan for the premises known as the Halcyon Condominium ("Condominium") and located
at 305 East 51st Street, New York, New York 10022 ("Building"), dated March 22, 2013, the First
Amendment dated April 25, 2013, the Second Amendment dated May 9, 2013, the Third
Amendment dated June 17, 2013, the Fourth Amendment dated June 27, 2013, the Fifth
Amendment dated August 1, 2013, the Sixth Amendment dated August 7, 2013, the Seventh
Amendment dated August 26, 2013, the Eighth Amendment dated October 4, 2013, the Ninth
Amendment dated November 5, 2013, the Tenth Amendment dated November 14, 2013, the
Eleventh Amendment dated January 29, 2014, the Twelfth Amendment dated March 10, 2014, the
Thirteenth Amendment dated May 30, 2014, the Fourteenth Amendment dated July 23, 2014; the
Fifteenth Amendment dated September 19, 2014, and the Sixteenth Amendment dated October 1,
2014 (the "Plan"), and should be read in conjunction with the Plan.
The terms of this Seventeenth Amendment are as follows:
1.
PLANDECLARED EFFECTIVE
The Plan is hereby declared effective based upon the execution and delivery by
bona fide purchasers and acceptance by Sponsor of Agreements for eighty eight (88) Units. Said
Agreements represent seventy one percent (71 %) of the 123 Units offered for sale under the
Plan.
Annexed hereto as Exhibit A is a copy of "Sponsor's Affidavit in Support of
Declaring the Plan Effective".
2.
INCORPORATION OF THE PLAN
The Plan, as modified and supplemented hereby, is incorporated herein by
reference with the same effect as if set forth at length. AU provisions of the Plan which are
consistent with this Amendment shall remain in effect.
3.
NO OTHER MATERIAL CHANGES
Except as set forth in this Amendment, there have been no material changes in the
Plan.
4.
DEFINITIONS
All capitalized terms expressly defined m this Amendment shall have the
meanings given to them in the Plan.
5.
EFFECTIVE PERIOD FORUSING THE PLAN IS EXTENDED
The Plan, as modified and supplemented hereby, may not be used after six
(6) months following the Filing Date of this Amendment, unless the Plan is further extended or
amended.
SPONSOR:
51st STREET MAIN LOT OWNER, LLC
4
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EXHIBIT A
AFFIDAVIT IN SUPPORT OF DECLARAING THE PLAN EFFECTIVE
5
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AFFIDAV:IT IN SUPPORT OF DECLARING THE PLAN EFFECTIVE
STATE OF NEW YORK
)
COUNTY OF NEW YORK
)
) SS.:
Ziel Feldman, being duly sworn, deposes and says:
1.
I am the authorized signatory of 51 ' 1 Street Main Lot Owner, LLC (the "Sponsor"), the
Sponsor of that certain Offering Plan dated March 22, 2013, as amended (the "Plan") for condominium
ownership of the premises known as 305 East s1•t Street, New York, New York (the "Property").
2.
The Plan was accepted for filing by the Attorney General of the State of New York on
March 22, 2013.
3.
All purchasers who are counted for purposes of declaring the Plan effective (i) are bona
fide purchasers; (ii) are not purchasing as an accommodation to, or for the account or benefit of, the
Sponsor or principals of the Sponsor; and (iii) have duly executed agreements and have paid the foll down
payment as required in the "Procedure to Purchase" section of the Plan.
4.
There are no material changes to the budget for the first year's operation which have not
been disclosed in a duly filed amendment to the Plan.
5.
No purchaser counted for the purposes of declaring the Plan effective is (i) the Sponsor,
the Selling Agent or the Managing Agent; or (ii) a principal of the Sponsor, the Selling Agent or the
Managing Agent; or (iii) related to the Sponsor, the Selling Agent or the Managing Agent or to any
principal of the Sponsor, the Selling Agent or the Managing Agent by blood, marriage or adoption, or as a
business associate, an employee, a shareholder or limited partner.
- As of the date hereof,, agreements have been executed for eighty eight (88) Units,
6.
representing more than fifteen percent (15%) of all Units being offered for sale. Attached as Schedule A
hereto is a list of the Units for which agreements have been executed, together with the date of each such
agreement.
7.
I hereby submit this Affidavit to the Attorney General in connection with that certain
Amendment declaring the Plan effective.
SPONSOR:
IN LOT OWNER, LLC
Ziel Felcfmm:i
Authorited Signatory
6
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SCHEDULE A
..
'
Date
Contract
Signed
Purchase Price
5C
7/30/13
$1,410,000
2
15C
7/30/13
$1,300,000
3
14D
7/31/13
$1,605,000
Unit
1
..
'6C
4
'
8/5/13
......
$1,420,000
......
....
7G
8/5/13
$2,995,000
·. 15B
·. 1 lB
8/5/13
8/8/13
$2,475,000
$2,415,000
8
15D
8/8/13
$1,620,000
9
6H
•8/8/13
8/12/13
5
'6
~15F
$1,595,000
$2,475,000 . .
SD
3C
8/13/13
8/14/13
$1,950,000
3
7C
8/15/13
$2,275,000
4
16B
8/15/13
$2,575,000
5 • 16D
8/20/13
$1,660,000
Amount of
Date Deposit Paid if
Deposit if less
Different from
than 20%
Contract Date
10% due at signing, 10% due 120 days after
signing or 30 days after Plan declared
effective, which.ever is earlier
Second Installment
received 11/15/13 (paid)
Second Installment
received 11/27/13 (paid)
Second Installment
received 12/11/13 (paid)
Second Installment
received 12/3/13 (paid)
Second Installment
received 12/13/13 (paid)
Second Installment
received 12/17/13 (paid)
Second Installment
received 12/17/13 (paid)
...
...
Second Installment
received 12116/13 (paid)
·..
16
17
18
16C
16F
llC
llF
14F
7H
10C
3H
..
24 ' 17C
#33440513~v2
Second Installment
received 12/ 12/ · - , . "
Second Installment
received 12/9/13 (paid)
Second Installment
received 12/9/13 (paid)
Second Installment
received 12/6/13 (paid)
flFm
9/4/13
'
$2,415,000.
915113 ==TR,455,000
9/9/13
$1;1so,ooo
9/9/13
1,285,000
9/16/13
$1,715,000
9/20/13
$1,380.000
Second Installment
received 1/9/14 (paid)
'
$1,345,000
$2,585,000
26
17F
9/25/13
9/30/13
27
28
3D
25A
10/2/13
10/3/13
$3,300,000
$4,710,000
29
3B
SA
10/21/13
fb/23/13
$1,400,000
$1,350,000
31 ' 26A
17D
,, 32
10/25/13
10/28/13
$4,760,000
$1,725,000
33
17B
10/28/13
,745,000
34
7D
10/29/13
$2,550,000
3
3
24A
25B
11/4/13
11/7/13
$4,660,000
$1,795,000
24B
11,
27A
11115/13
30
3
18D
26B
I
Second Installment
received 2/2/14 (paid)
Second Installment
received 211/14 (paid)
Second Installment
received 2/25/14 (paid)
Second Installment
received 2/25/14 (paid)
Second Installment
received 2/18/14 (paid)
Second Installment
, received 3/5114 (paid)
Second Installment
received 2/21114 (paid)
Second Installment
received 3/11/14 (paid)
Installment
received 3/14/14 (paid)
Second Installment
received 3/21/14 (paid)
'''
.1.v.1.
-::t
II
....., .... ,....-....- ......
$4,960,000
11/18/13
$1,740,000
11122/13
$1,810,000
4
42
43
19D
4B
17A
12/9/13
12/11/13
12/30/13
$1,790,000
$2,450,000
$3,520,000
44
lOA
1/2/14
$3,310,000
·45
60
47
11D
1/13/14
1/14/14
1/16/14
$3.040.000
'$1,855,000
$1,650,000
48
25C
1/21114
$4,610,000
~
1/21/14
$3,345,000
~
Second Installment
received 1/28/14 (paid)
Second Installment
received 6/2/14 (paid)
Second Installment
received 5/20/14 (paid)
..... '
Second Installment
received 6/12/14 (paid)
Second Installment
received 5/15/14 (paid)
Second Installment
received 5/15/14 (paid)
Second Installment
received 5/14/14 (paid)
Second Installment
received 5/15/14 (paid)
Second Installment
...
50
16A
1121/14
$3,485,000
51
18B
1/23/14
$2,795,000
52
8C
1/24/14
$3,000,000
.....
-·~·
2
#334405 l 3,_v2
!
I
I received
5/16/14 (paid)
.
.
.
"'""
,.
1129/14
$3,450,000
7A
1129/14
$5,000,000
55
5G
1/29/14
$2,995,000
56
14A
1/30/14
$3,415,000
57
4C
2/5/14
$1,565,000
58
12D
2/5/14
$1,665,000
59 . .
l2F
216114
.. $2,490,000
60
12A
217114
~3,380,000
61
62
9A
217114
2,995,000
2,820,000
63
64
SB
12B
2/11/14
2/18/14
$2,480,000
$2,700,000
65
18F
2/18/14
$2,710,000
66
6D
2/19/14
$3,385,000
67
·4n
3/6/14
$3,325,000
53
15A
54
Second Installment
received 5/16/14 (paid)
Second Installment
received 5/21/14 (paid)
Second Installment
received 5/21/14 (paid)
Second Installment
received 5/26/14 (paid)
Second Installment
received 6/2/14 (paid)
Installment
"' 6/2/14 (paid)
Second Installment
received 5/23/14 (paid)
Second Installment
received 6/2114 (paid)
.......
.
....
19B
...
lment
-received 6/2/14 (paid)
~--
·-
~.
$2,725,000
68
14B
3/10/14
69
SH
3/18/14
$1,775,000
r°l6A
3/21/14
$3,800,000
·-
.
---
,.__.,.,..,.,,,.,.,_.,,.,,,_,,,,,,.,,,
71
20B
I 3/27/14
72
4G
4/7/14
l 73 I IOB
4/29/14
~5,000
,_50,000
5/9/14
75
4H
519114 · ·.
$1,750,000
76
29B
5/16/14
$1,915,000
..
-·
$2,900,000
3G
74
$2,985,000
----·
3
#33440513_y2
-·----~~·:
Second Installment
received 6/16/14 (paid)
Second Installment
received 7/1/14 (paid)
Second Installment
received 8/25/14 (paid)
Second Installment
received 6123/14 (paid)
Second Installment
received 6/24/14 (paid)
Second Installment
received 7/1/liJ:.JEaid)
Second Installment
received 7/22/14 (paid)
Second Installment
received 7/25/14 (paid)
Second Installment
received 7/16/14 (paid)
Second Installment
• received 7/16/14 (paid)
Second Installment
received 8/20/14 foaid)
Second Installment
received 9/4/14 (paid)
Second Installment
received 9/11/14 (paid)
I
-=~~~-·~
$2,815,000
19F
23C
7F
5/23/14
23B
5/28/14
$1,915,000
5/30/14
$2,450 000
$2,400,000
$2,375,000
81
10F
82
8F
9F
83
.,-612Tf4
6/2/14
6/4114
6/11/14
6/25/14
9/24/14
10/1/14
Second Installment
received 9/6/14 ( aid)
Second Installment
received 9/5/_!4 ( aid)
Second Installment
received 9/19/1.i_{p~~41_____
Second Installment
received 9/15/14 (paid
$1,300,000
$2,840,000
$1,650,000
$6,775,000
$4,950,000
... ,,..,,,.,,,,,.,,....
4
#33440513""y2
...
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