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assessments, and payments for repairs or improvements promised in the Plan. The Sponsor was
current on all financial obligations under the Plan during the year prior to filing this amendment.
8. The following is a list of all other buildings in which the Sponsor or a
principal of the Sponsor, as individual Holder of Unsold Shares or as general partner or principal
of the Sponsor or Holder, owns more than ten (10%) percent of the shares or units. The Of fering
Plans for these buildings are on file with the New York State Department of Law and are
available for public inspection.
The buildings where Sternklar Private Equity Fund LLC, and RC Assets LLC, as principals of or
General Partners of the Holders of Unsold Shares, own more than ten (10%) percent of the
shares or the Units are:
44 Prospect Park West, Brooklyn, NY C79123
55 Eastern Parkway, Brooklyn, NY C850764
60 Plaza Street, Brooklyn, NY C841441
78 8th Avenue, Brooklyn, NY C850120
135 Prospect Park Southwest, Brooklyn, NY C860213
176 Seeley Street, Brooklyn, NY C860564
220 Berkeley Place, Brooklyn, NY C790467
225 Park Place, Brooklyn, NY C846352
230 Park Place, Brooklyn, NY C850189
235 Lincoln Place, Brooklyn, NY C790007
277 Washington Avenue, Brooklyn, NY C840467
345 75th Street, Brooklyn, NY C860443
360 Clinton Avenue, Brooklyn, NY C820321
451 Clinton Avenue, Brooklyn, NY C860236
919 Park Place, Brooklyn, NY C880116
1125 Lorimer Street, Brooklyn, NY C810681
In addition, RC ASSETS LLC, as principal of or General Partner of member of the Sponsor or
Holder of Unsold Shares owns more than ten (10%) of the shares or units in the following
buildings:
OFFERING PLAN FILE NO.
919 Park Place, Brooklyn, NY C880116
3015-3017 Riverdale Avenue, Brooklyn, NY C8700073
Gilbert Katz’s economic interest in the LLC was transferred to The Gilbert Katz Revocable Trust
was distributed pursuant to the terms of his estate.
9. The Sponsor and principals of the Sponsor, as individual Holders of
Unsold Shares or as general partners or principals of the Sponsor or Holder, are current on their
financial obligations in other cooperatives or condominiums (which are discussed in pa ragraph
"8" above) in which they own shares or units as an individual, general partner or principal.
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10. The Board of Directors is controlled by shareholders unrel ated to the
Sponsor. The members of the Board of Directors have no affiliation with the Sponsor and consist
of: J President – Marshall George; Vice President – Steven Wu ; Secretary – Marc Rosen ;
Director – John McFerrin-Clancy; and Treasurer – Rubia Do Pinho.
12. Smolin & Altamura have prepared the the attached financial statements for
the years ended December 31, 2021 and December 31, 2022 annexed hereto as Exhibit A.
13. Maintenance charges are approximately $ 31.53 per share per month. A
copy of the budget for 2023 is annexed hereto as Exhibit B. The budget for 2004 is not currently
available. Propsective Purchasers are advised to inquire with the Sponsor , Managing A gent or
Board of Direcrors as to the availability of the 2024 budget and should request a copy for review.
PURCHSE PRICE INCREASES
14. The Maximum Purchase Price for Apartment 4C is $2,000,000.00 and the
Maximum Purchase Price for Apartment 1E is $1,000,000.00.
15. Other t han the above, there are n o material changes in the term s of the
Plan.
Dated: ______________, 2024
KGS LLC
Sponsor and Holder of Unsold Shares