EIGHTH AMENDMENT TO CONDOMINIUM OFFERING PLAN FOR 90 LEXINGTON AVENUE CONDOMINIUM

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1 Initial Submission 5/6/16 EIGHTH AMENDMENT TO CONDOMINIUM OFFERING PLAN FOR 90 LEXINGTON AVENUE CONDOMINIUM This Eighth Amendment (this Amendment ) modifies and supplements the terms of the Condominium Offering Plan for 90 Lexington Avenue Condominium, covering the premises located at 90 Lexington Avenue, New York, New York, first accepted for filing on May 18, 2015 (together with any amendments, the Plan ) and is incorporated into and should be read in conjunction with the Plan. The terms of this Amendment are as follows: 1. Purpose of Amendment The purpose of this amendment is to update and/or revise certain information set forth in the Plan. 2. First Year of Condominium Operation and Revised Schedule A The Plan is hereby amended to reflect an updated projected First Year of Condominium Operation of January 1, 2016 through December 31, Other than changing the projected First Year of Condominium Operation, the projected budget remains unchanged. For convenience, attached hereto as Exhibit A are the Schedule B and Notes to Schedule for the updated projected First Year of Condominium Operation. Attached hereto as Exhibit B is a certification from Sponsor s Budget Expert reaffirming Schedule B and Notes to Schedule B. The projection of the real estate taxes that will be payable for each of the Residential Units during the projected First Year of Condominium Operation is based upon a letter from Sponsor s real estate tax expert, Marcus & Pollack LLP, dated May 4, 2016 (a copy of which is attached hereto as Exhibit D), which projects the taxes for the updated First Year of Condominium Operation to be $1,365,843. Purchasers are advised that the tax projection for the First Year of Condominium Operation was based upon the actual or projected assessments and tax rates for six (6) months of tax year 2015/2016 and six (6) months of tax year 2016/2017. Attached hereto as Exhibit C is an updated Schedule A reflecting revisions to the projected monthly and annual real estate taxes (note 7) and projected total monthly carrying charges (note 8). 3. Exclusive Purchase Period This Amendment does not extend or renew any Exclusive Purchase Period. 4. Definitions Except as herein defined, all capitalized terms used in this Amendment which are defined in the Plan shall have the respective meanings ascribed to such terms in the Plan. KL

2 5. Incorporation of the Plan The Plan, as modified and supplemented by this Amendment, is incorporated herein by reference with the same force and effect as if set forth at length. 6. No Material Changes in the Plan There have been no material changes in the Plan except as set forth in this Amendment. The Plan, as hereby amended, does not knowingly omit any material fact. 7. Extension of Plan The term of the Plan shall expire six months from the filing of this Amendment. Dated: [, 2016] SPONSOR: HFZ 90 LEXINGTON AVENUE OWNER LLC KL

3 EXHIBIT A [Schedule B and Notes to Schedule B on next page] KL

4 PROJECTED INCOME: SCHEDULE B 90 Lexington Avenue Condominium Projected Budget for First Year of Condominium Operation January 1, 2016-December 30, 2016 Common Charges (1)... $1,099,417 TOTAL PROJECTED INCOME $1,099,417 PROJECTED EXPENSES: Salary, Wages, Payroll Taxes & Benefits (2) $ 339,361 Heat and Hot Water (3)... $ 58,599 Cooking and Dryer Gas (4) $ 20,958 Electricity (5) $ 74,719 Water & Sewer (6) $ 35,222 Repairs & Maintenance (7).. $ 79,200 Services & Supplies (8).... $ 95,500 Insurance (9)... $ 38,500 Amenity Facility (10) $ 128,960 Management Fee (11)... $ 65,000 Legal & Auditing Fees (12).. $ 10,000 Resident Manager s Unit Costs (13) $ 9,360 Administration (14).. $ 35,000 Schedule B Reserve Fund (15). $ 99,038 Contingency (16).. $ 10,000 TOTAL PROJECTED EXPENSES (17). $ 1,099,417 The accompanying notes are an integral part of this Schedule B and should be read in conjunction herewith

5 Notes to Schedule B (1) COMMON CHARGES - (Budget - $1,099,417) The estimated Common Charges to be collected from Unit Owners during the First Year of Condominium Operation are based upon the assumption that the First Year of Condominium Operation will be the twelve months commencing January 1, The actual First Year of Condominium Operation may be earlier or later. In the event the projected commencement date of the First Year of Condominium Operation is to be delayed more than six (6) months from the anticipated date of the First Closing, the Plan will be amended to include a revised budget disclosing the then current budget projections. Sponsor will not declare the plan effective if any material changes to the budget are not yet disclosed in an amendment to the Plan. If the Common Charges in the revised budget projections exceed the earlier budget projections by twentyfive percent (25%) or more, Sponsor will offer all purchasers the right to rescind their Purchase Agreements and have their Deposits refunded to them, whether or not Sponsor offers to guarantee the earlier budget projections. (2) SALARIES, WAGES, PAYROLL TAXES & BENEFITS - (Budget - $339,361) The 88 Lexington Avenue Condominium and the 90 Lexington Avenue Condominium will share a number of building employees based upon each Condominium s allocable share, 61% for 88 Lexington Avenue Condominium and 39% for 90 Lexington Avenue Condominium. All shared staff will be employed by the 88 Lexington Avenue Condominium. The 90 Lexington Avenue Condominium will reimburse the 88 Lexington Avenue Condominium for its allocable share. The budgeted amount includes base wages, worker s compensation and disability insurance, health and dental insurance, payroll taxes and the cost of sick days, holidays and vacation pay for the projected shared building staff of 1 Resident Manager, 2 handymen, 4.2 doormen (one doorman 24 hours per day 7 days per week) and 1 porter. In addition, 90 Lexington Avenue Condominium will employ one dedicated porter. The projected level of staffing for the Building complies with all applicable housing and labor laws. It is anticipated that such employees will be non-union members. Position Base Annual Wage Rate (1) Resident Manager $90,000 (2)Handyman (4.2)Doormen $50,332 per person $45,600 per person (2) Porters (1 dedicated/ 1 shared) $45,600 per person The projections allow for 42 sick days, holidays and vacation pay and miscellaneous payroll expenses. Total Base Wages $468, % of Base Wages $ 35,872 Worker s 5.5% of total wages $ 25,790 FUI and FUTA-NYS $600 per employee $ 5,400 NYS $60 per employee $ 480 Health and Dental Insurance $ 141,600

6 Total Benefit $209,142 Total Wages, Taxes, & Benefits for shared staff $678,058 39% of shared staff $264,443 One Dedicated Porter wages and benefits total $ 74,918 Total Wages and Benefits Cost projected to 90 Lexington Avenue Condominium $ 339,361 (3) HEAT AND HOT WATER - (Budget - $58,599) The budgeted amount is based upon a letter dated December 5, 2014 from GEA Consulting Engineers, PLLC located at 545 Eighth Ave., 11th Floor New York, NYC 10018, Sponsor s Consulting Engineers. It is anticipated that the annual consumption of gas for hot water for all Residential Units and heat for Residential Units excluding the Rent Stabilized Apartments will be approximately 36,994 therms at $1.44 per therm for a total cost of $53,271. A 10% inflation factor has been added. It is not possible to predict how closely the budgeted figure will reflect the actual cost of gas for heat and hot water during the first year of Condominium operation, because such cost will vary with the level of consumption and the price of gas. Consumption will be affected by the severity of the weather and by any conservation measures adopted by the Condominium Board or individual unit owners. (4) COOKING AND DRYER GAS (Budget - $20,958) The Residential Units will not be separately metered for gas to be used for cooking and dryers. Based upon a letter December 5, 2014 from GEA Consulting Engineers, PLLC, it is estimated that the gas cost for cooking and dryers for the Residential Units will be 13,231 therms of gas/year at an average rate of $1.44 per therm for a total cost of $19,053. A 10% inflation factor has been added. (5) ELECTRICITY - (Budget - $74,719) Based upon a letter December 5, 2014 from GEA Consulting Engineers, PLLC, it is estimated that the electrical consumption for the residential common elements will be 295,332 kilowatt hours of electricity, at a rate of approximately $.23 per kilowatt hour of electricity including applicable sales tax, resulting in an annual cost of $67,926. This is based on common area loads being supplied through a single house meter at Con Edison SC9-1 and the rates are based on the currently effective rates. This estimate includes costs for the common area air conditioning units, distribution pumps, miscellaneous floor loads, elevators and lighting. Electricity costs can vary depending upon consumption and demand factors. A 10% inflation factor has been added. Each unit will be individually metered or submetered for consumption of electricity within their own units. See Schedule B-1 for the projected individual unit energy costs.

7 (6) WATER & SEWER (Budget - $35,222) The building will have a single main water meter, which will measure actual water usage. Based upon a letter dated December 5, 2014 from GEA Consulting Engineers, PLLC, it is estimated that water and sewer charges for the Residential Units based upon a combined charge of $ 9.58 per 100 Cu. Ft. and an estimated usage of 3,342 C.C.F. will be $32,020 for the First Year of Condominium Operation. A 10% inflation factor has been added. (7) REPAIRS & MAINTENANCE (Budget - $79,200) The budgeted figure for this item includes the cost of normal maintenance and repairs to the General Common Elements. Each Unit Owner will be responsible for the cost of the interior maintenance, repairs, decoration and painting of their respective units, including the appliances, incremental heating/airconditioning units and any Limited Common Elements exclusively appurtenant thereto. Rubbish Removal $ 2,000 Fire Extinguishers $ 200 Exterior Repairs $ 10,000 Pumps and Motors $ 5,000 Misc. Repairs $ 8,000 Flooring $ 5,000 Elevator Repairs $ 3,000 Electric Repairs $ 2,500 CCTV-Security $ 2,000 Boiler/Burner $ 7,500 HVAC Repairs $ 2,000 Plaster/Paint $ 15,000 Plumbing Repairs $ 15,000 Window/Doors $ 2,000 Total $ 79,200 No major capital repairs are included in the First Year s Budget. Future major capital repairs to the Common Elements will be borne by all Unit Owners. (8) SERVICE & SUPPLIES - (Budget - $95,500) The budgeted amount includes the cost of cleaning equipment and miscellaneous supplies for the General Common Elements, as well as the anticipated cost of service contracts during the First Year of Condominium Operation. The budgeted amounts are based upon the experience of the Sponsor s Budget Expert in operating similar buildings. While this budget includes a reasonable allowance for possible increases in cost that may occur prior to and during the First Year of Condominium Operation, no warranty is made that the actual cost for these or other services will be in accordance with this projection. It is projected that the Condominium will enter into maintenance agreements for the following services: BuildingLink $3,000 Marble & Metal Maintenance (Tempo) $20,000 Elevator Maintenance (Centennial) $20,000 Exterminator (Knockout) $ 5,000 Uniform Cleaning & Maintenance $10,000

8 Miscellaneous Supplies $30,000 Water Treatment (Synergy) $ 4,000 HVAC (UNI) $ 2,000 Key Tracking (Key Link) $ 1,500 (9) INSURANCE (Budget - $38,500) Bsed upon a proposal dated October 16, 2014 from The Rampart Group, having an office address at 1983 Marcus Avenue, Lake Success, New York, The following insurance coverage will be obtained for the Building for the First Year of Condominium Operation: A Comprehensive Condominium Package Policy, including Boiler & Machinery and Water Damage, with the following General Coverage and Limits: Property Policy $22,800,000 Building All Risk, Special Form, No Co-insurance, Replacement Cost with agreed amount on Building., $5,000 Deductible on Building & Personal Property, Terrorism Included $1,000,000 Business Income Limit $250,000 Personal Property Limit Included Boiler & Machinery General Liability Policy $ 1,000,000 Per Occurrence $ 2,000,000 General Aggregate $1,000,000 Personal & Advertising Injury $ 1,000,000 Employee Benefits Liability-$1,000 deductible $1,000,000 Fire Legal Liability $ 1,000,000 Non-Owned Automobile/Hired Car $5,000 Medical Payments $ 1,000,000 Directors & officers Liability Annual Aggregate - $2,500 Retention Per Claim Umbrella Liability $100,000,000 Per Occurrence/aggregate The annual premium for the above mentioned insurance policy is estimated to be $38,500.

9 The fire, casualty and general liability insurance carried by the Condominium will provide that each Unit Owner is an additional insured party; that there will be no cancellation without notice to the Condominium Board and Permitted Mortgagees; a waiver of subrogation; a waiver of invalidity because of the acts of the insured and Unit Owners; and a waiver of pro-rata reduction if Unit Owners obtain additional coverage. Each Unit Owner must obtain additional insurance at such Unit Owner s own cost for the following coverage, which is not included in the above coverage: fire or casualty losses to the contents of such Unit Owner s and any replacements, additions, upgraded fixtures and improvements therein; and liability for personal injury or property damage as a result of occurrences in such Unit Owner s Unit, including water damage legal liability to cover damage arising from leaks or other conditions within the Unit. (10) AMENITY FACILITY - (Budget - $128,960) The Amenity Facility will be shared between the 88 Lexington Avenue Condominium and the 90 Lexington Avenue Condominium in the same cost allocation manner as noted in footnote 2 above. The 90 Lexington Avenue Condominium will pay 39% of all expenses associated with the operation of the Amenity Facility. Based on a proposal from IOWA Sports, a Recreational Facility Manager, to provide management of the Amenity Facility (including, but not limited to cleaning, lifeguards and pool supplies), it is anticipated that the total cost to operate the Amenity Facility will be $295,192 and the 90 Lexington Avenue Condominium s allocable share (39%) will be approximately $115,125 during the first year of Condominium operation. In addition 39% of the utility usage and associated costs for the Amenity Facility based upon a letter dated December 5, 2014 from GEA Consulting Engineers, PLLC. is estimated to be $13,835 with a 10% inflation factor included. The total anticipated cost of the Amenity Facility for the 90 Lexington Avenue Condominium for the First Year of Condominium Operation is estimated at $128,960. (11) MANAGEMENT FEE - (Budget - $65,000) At or prior to the First Closing, the Condominium will enter into a management agreement with HFZ Property Management, LLC, having an office at 600 Madison Avenue, New York, New York, a real estate management firm affiliated with the Sponsor. The management agreement will be for an initial term of 3 years. The Managing Agent will receive an annual fee of $65,000 payable in equal monthly installment of $5, The Managing Agent s fee for the First Year of Condominium Operation is comparable to the going rate for similar services in comparable buildings. See the Section of the plan entitled Management Agreement for further details.

10 (12) LEGAL & AUDIT FEES (Budget - $10,000) The Condominium will engage a law firm to act as the attorney for the Condominium for miscellaneous minor legal services such as requests for review of alteration agreements, corporate advice to the Board on governance and attendance at monthly board meetings. The estimated cost for these services for the first year of Condominium Operation is $4,500. It is anticipated that the Condominium will enter into an agreement with Cywiak & Company LLP located at 19 West 44 th Street, New York, NY to provide tax returns and audited financial statement preparation services for the Condominium. It is estimated that the First Year of Condominium Operation s cost for these services will be approximately $5,500. (13) RESIDENT MANAGER UNIT COSTS - (Budget - $9,360) Residential Unit 401 shall be designated as the Resident Manager s Unit and will be occupied by the Resident Manager of both 88 Lexington Avenue Condominium and 90 Lexington Avenue Condominium and owned by the 88 Lexington Avenue Condominium. Both the 88 Lexington Avenue Condominium and the 90 Lexington Avenue Condominium will share in the costs of the Resident Manager s Unit based upon their allocable share, 61% and 39% respectively. See Special Risk 6 and the Section titled Introduction in Part I of the plan for further discussion regarding the Condominium s acquisition of the Resident Manager s Unit. The Condominiums will be responsible for the real estate taxes on the unit. The estimated real estate taxes for the first year of operation of Unit 401 will be approximately $19,000. In addition, the Condominiums will also be responsible for the cost of the electricity, basic telephone and minor repairs for the Resident Manager s Unit estimated to be $5,000 for the First Year of Condominium Operation. 90 Lexington Avenue Condominium s allocable share of the Resident Manager s Unit (39%) is estimated total to be $9,360 during the First Year of Condominium Operation. (14) ADMINISTRATION (Budget - $35,000) The budgeted amount includes anticipated expenses for telephone, staff cell phone, postage, printing, miscellaneous office supplies, payroll processing costs, permits and fees. (15) SCHEDULE B RESERVE FUND (Budget - $99,038) In addition to the Reserve Fund established pursuant to the Reserve Fund Law and discussed in the subparagraph 1 of this plan entitled Reserve Fund, a separate reserve fund will be established pursuant to Schedule B above (the Schedule B Reserve Fund ) which will be funded by the Unit Owners as set forth in Schedule B and Note 15. The Schedule B Reserve Fund will be used towards future capital repairs, replacements and improvements of certain common elements and facilities of the building. No representation is made as to the actual or anticipated cost or timing or nature of any such capital work or the adequacy of such reserve. This Schedule B Reserve Fund will be allocated to all units based on their respective percentage of Common Interest. (16) CONTINGENCY (Budget - $10,000) This item is included in the budget to provide funds for unforeseen increases in Common Expenses to cover expenses not included in this budget.

11 (17) TOTAL PROJECTED EXPENSES (Budget - $1,099,417) The projections set forth in this budget assume that the First Year of Condominium Operation will cover the period from January 1, 2016 through December 30, IN THE OPINION OF PENMARK MANAGEMENT LLC, HAVING AN OFFICE AT 770 LEXINGTON AVENUE, NEW YORK, NEW YORK THE PROJECTED INCOME IS ADEQUATE TO MEET THE ESTIMATED EXPENSES FOR THE FIRST YEAR OF CONDOMINIUM OPERATION. THE BUDGET, HOWEVER, IS NOT INTENDED AND SHOULD NOT BE TAKEN AS A GUARANTEE OR WARRANTY BY ANYONE THAT THE ANNUAL COMMON CHARGES OR COMMON EXPENSES FOR THE FIRST OR ANY SUBSEQUENT YEAR OF OPERATION OF THE PROPERTY BY THE BOARD WILL BE AS SET FORTH IN THE BUDGET. IN FACT, IT IS LIKELY THAT THE ACTUAL INCOME AND EXPENSES FOR THE FIRST YEAR OF CONDOMINIUM OPERATION WILL VARY FROM THE AMOUNTS SHOWN IN THE BUDGET.

12 EXHIBIT B [Certification of Sponsor s Budget Expert on next page] KL

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15 EXHIBIT C [Revised Schedule A on next page] KL

16 SCHEDULE A 90 Lexington Avenue 90 Lexington Avenue Condominium New York, NY PURCHASE PRICES AND RELATED INFORMATION PROJECTED COMMON CHARGES AND REAL ESTATE TAXES ARE FOR THE FIRST YEAR OF CONDOMINIUM OPERATION JANUARY 1, 2016-DECEMBER 31, 2016 (8) (3) (3) (6) (6) PROJECTED (9) (1) (2) APPROX APPROX PROJECTED PROJECTED (7) (7) TOTAL ALLOCATION (1) (1) NO. BATHS / RENT UNIT EXTERIOR (4) (5) MONTHLY ANNUAL PROJECTED PROJECTED MONTHLY OF RESIDENT (10) (1) OLD UNIT NO BED- NO. HALF REGULATORY SQUARE SQUARE PURCHASE COMMON COMMON COMMON MONTHLY ANNUAL CARRYING MANAGERS RENOVATED / UNIT DESIGNATION(S) ROOMS BATHS STATUS FOOTAGE FOOTAGE PRICE INTEREST CHARGES CHARGES RE TAXES RE TAXES CHARGES UNIT PURCHASE UNRENOVATED 3E 3J 1 1 Rent Stabilized $1,995, % $1, $12, $1, $15, $2, $12, Unrenovated 4F 4A 0 1 Rent Stabilized $1,600, % $1, $14, $1, $17, $2, $15, Unrenovated 6F 6A 0 1 Rent Stabilized $1,675, % $1, $14, $1, $18, $2, $16, Unrenovated 7F 7A 0 1 Rent Stabilized $1,700, % $1, $14, $1, $18, $2, $16, Unrenovated THA 1B, 2A Vacant $3,430, % $2, $29, $3, $36, $5, $27, Renovated THB 1C, 1D, 2B Vacant $3,775, % $2, $29, $3, $36, $5, $27, Renovated THC 1D, 1E, 2C, 2D, 2E Vacant $3,505, % $2, $27, $2, $34, $5, $25, Renovated THD 1F, 1G, 2F, 2G Vacant $4,380, % $2, $35, $3, $44, $6, $32, Renovated 1F 1A Vacant $1,335, % $1, $13, $1, $17, $2, $12, Renovated 2E 2H, 2J Vacant $3,240, % $1, $22, $2, $28, $4, $22, Renovated 3A 3B Vacant $1,890, % $1, $15, $1, $18, $2, $15, Renovated 3B 3C, 3D, 3E Vacant $2,935, % $1, $19, $2, $24, $3, $19, Renovated 3C 3F, 3G Vacant $2,750, % $1, $17, $1, $21, $3, $17, Renovated 3D 3H 1 2 Vacant $2,105, % $1, $14, $1, $18, $2, $14, Renovated 3F 3A Vacant $1,550, % $1, $13, $1, $17, $2, $13, Renovated 4A 4B Vacant $1,905, % $1, $13, $1, $16, $2, $14, Renovated 4B 4C, 4D, 4E Vacant $2,980, % $1, $19, $2, $24, $3, $20, Renovated 4C 4F, 4G 3 4 Vacant $4,354, % $2, $25, $2, $31, $4, $26, Renovated 4D 4H, 4J Vacant $3,155, % $1, $19, $2, $24, $3, $20, Renovated 5A 5B, 5C Vacant $1,915, % $1, $15, $1, $18, $2, $16, Renovated 5B 5D, 5E Vacant $3,040, % $1, $19, $2, $24, $3, $21, Renovated 5C 5F, 5G 3 4 Vacant $4,429, % $2, $25, $2, $31, $4, $27, Renovated 5D 5H, 5J Vacant $3,205, % $1, $19, $2, $24, $3, $21, Renovated 5F 5A Vacant $1,650, % $1, $13, $1, $17, $2, $15, Renovated 6A 6B, Vacant $1,995, % $1, $13, $1, $16, $2, $15, Renovated 6B 6C, 6D, 6E Vacant $3,050, % $1, $19, $2, $24, $3, $22, Renovated 6C 6F, 6G 3 4 Vacant $4,504, % $2, $25, $2, $31, $4, $28, Renovated 6D 6H, 6J Vacant $3,255, % $1, $19, $2, $24, $3, $22, Renovated 7A 7B Vacant $2,085, % $1, $13, $1, $16, $2, $15, Renovated 7B 7C, 7D, 7E Vacant $3,225, % $1, $19, $2, $24, $3, $23, Renovated 7C 7F, 7G 3 4 Vacant $4,579, % $2, $25, $2, $32, $4, $30, Renovated 7D 7H, 7J Vacant $3,300, % $1, $20, $2, $24, $3, $23, Renovated 8A 8B Vacant $2,175, % $1, $15, $1, $19, $2, $18, Renovated 8B 8C, 8D, 8E Vacant $3,400, % $1, $19, $2, $24, $3, $23, Renovated 8C 8F, 8G 3 4 Vacant $4,654, % $2, $25, $2, $32, $4, $31, Renovated 8D 8H, 8J Vacant $3,350, % $1, $20, $2, $24, $3, $24, Renovated 8F 8A Vacant $1,725, % $1, $14, $1, $17, $2, $16, Renovated 9A 9B Vacant $2,225, % $1, $15, $1, $19, $2, $19, Renovated 9B 9C, 9D, 9E Vacant $3,450, % $1, $19, $2, $24, $3, $24, Renovated 9C 9F, 9G 3 4 Vacant $4,729, % $2, $26, $2, $32, $4, $32, Renovated 9D 9H, 9J Vacant $3,400, % $1, $20, $2, $25, $3, $25, Renovated 9F 9A Vacant $1,750, % $1, $14, $1, $17, $2, $17, Renovated 10A 10B Vacant $2,295, % $1, $15, $1, $19, $2, $20, Renovated 10B 10C, 10D, 10E Vacant $3,500, % $1, $20, $2, $24, $3, $25, Renovated 10C 10F, 10G 3 4 Vacant $4,804, % $2, $26, $2, $32, $4, $33, Renovated 10D 10H, 10J Vacant $3,450, % $1, $20, $2, $25, $3, $26, Renovated 10F 10A Vacant $1,800, % $1, $14, $1, $17, $2, $18, Renovated 11A 11A, 11B, 11C Vacant $5,900, % $2, $33, $3, $41, $6, $44, Renovated 11B 11D, 11E Vacant $4,475, % $2, $25, $2, $31, $4, $33, Renovated 11C 11F, 11G Vacant $3,750, % $1, $20, $2, $25, $3, $26, Renovated PHC 12A, 12B, 12C 3 3 Vacant $5,600, % $2, $26, $2, $32, $4, $35, Renovated

17 SCHEDULE A 90 Lexington Avenue 90 Lexington Avenue Condominium New York, NY PURCHASE PRICES AND RELATED INFORMATION PROJECTED COMMON CHARGES AND REAL ESTATE TAXES ARE FOR THE FIRST YEAR OF CONDOMINIUM OPERATION JANUARY 1, 2016-DECEMBER 31, 2016 (8) (3) (3) (6) (6) PROJECTED (9) (1) (2) APPROX APPROX PROJECTED PROJECTED (7) (7) TOTAL ALLOCATION (1) (1) NO. BATHS / RENT UNIT EXTERIOR (4) (5) MONTHLY ANNUAL PROJECTED PROJECTED MONTHLY OF RESIDENT (10) (1) OLD UNIT NO BED- NO. HALF REGULATORY SQUARE SQUARE PURCHASE COMMON COMMON COMMON MONTHLY ANNUAL CARRYING MANAGERS RENOVATED / UNIT DESIGNATION(S) ROOMS BATHS STATUS FOOTAGE FOOTAGE PRICE INTEREST CHARGES CHARGES RE TAXES RE TAXES CHARGES UNIT PURCHASE UNRENOVATED PHB 12C, 12D, 12E Vacant $6,385, % $2, $32, $3, $39, $6, $43, Renovated PHA PHA, PHB, PHC, PHD, PHE Vacant $11,000, % $3, $47, $4, $59, $8, $66, Renovated TOTAL 84,275 8,523 $174,308, % $91, $1,099, $113, $1,365, $205, $1,262, RS-Rent Stabilized M-D Market-Deregulated

18 EXHIBIT D [Real Estate Tax Projection Letter on next page] KL

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