220 BERKELEY PLACE

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••• . rent-collection from subtenant •••••••••••••••••••••• violation of restrictions ••••••••••••••••••••••••••••• Subordination to mortgages and ground leases ••••••••••••••• Subrogation waiver-Lessor's obligations •••• ~ ••••••••••••••• Surrender of apartment- lease exp.ir.alion ••••••••••••••••••••••.•.•••••••••• Jease temtination •••••••••••••••••••••••.••.••••••• liability continues •••.••••.•••••••••••••••••••••••• Term of lease •..•.••.•••.•••••.••••.••••••••••..•.•••• Tennination of lease- conditional limitation .............................. . assignment unauthorized ••.••••.••...••.•.•••••••••• bankruptcy of Lessee •••.••..••.••• ~ •••••••.•.••••• condemnation .•..•••••.••.•••• ~ •••••••••••••••.•• covenant~ breached ..•••....•.••..••••••.••....• _ .. -~-. - destruction of building ••••••••••••.••••.•••.••••. ~ .• occupancy unautllorized .•.••.•••.•.•.•••.•••••••..•• Page 16 12 1 19 2 2 6 1 20 9 3 4. 5 3 1 2 7 20 16 7 9 20 -18_ 14 4 1

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OOPEP~\TIVE O~~IERSHIP premises at _ 220 BERKELEY PLACE, BROOK:LYN~ NEH YORK -(60 Apart~ents) Total Cash Amount of .Offering (4000) Shares First Mortgage Indebtedness ••...•.....• ~···· · Total Purchase .. -Price .....• ~ ~ ................ . Less Tenan·t Discounts .. · ..... · ................ . Less Reserve Fund to: be Retai~ed by -Apartment Corporation ............ · ...... · ..•.. Net Purcl1ase Price v~ Property to Sponsor: ... $ 1,440 ~000 :' 460,000- 1,900,000. 144,000' ' 10,000 1,_746,000 ______ ....;._.,.._. ______ ,._..._:.:;·;;..·· ·:.-------------~-------- ·NAME AND "ADDRESS Qi:~· APARTl-"lE£-~T CORPOR .. t\TION \~HOSE SHARES . ARE OFFERED: . . 220 BERKELEY 'PLACE HOUS!NG CORPORATrON c/o Raphael & Marcus, P.C. 551 Fifth Avenue Suite 1419 Net-r. York~ N. Y· ... 10017 . :· NM-IE AND ADDRESS OF SPONSOR A!{!J SELLI~G .AGENT: 220 BERKELEY PLACE ASSOCIATES 115 Court Str~et Brooklyn, Ne·t·T York "T-HE FILING OF THIS PLAN \·liTH THE YO~K DDES NOT COi~STI

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period, but by filed amendment. Tenant shareholders will have no personal liability to the mortgagee of payment of 8. the Apartment Corporation's mortgage indebtedness. Interest and amortization payments are included in the monthly maintenance charges. The.amount of the mortgages shown in these charts will be reduced by amortization. Estimated for the first yea~ by the Sponsor. ~ese &~ounts may vary because of changes ·1.n the amount of real estate taxes and the interest on the mortgage debt. This does not include gas or electricity to individual apartments. Estimated for the first year by the ~ponsor. All tenant purchasers who purchase within ninety (90) days of the first offering of this Plan sh~ll be entitled to a reduct~on in the purchase pr1.ce of ten (10%) percent of the purchase price.

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23. FINANCIAL FEATURES The basic financial plan of th:ls cooperative project is as follows: Total Cash Amount of-Offering (2000) Shares First Mortgage Indebtedness ......... -•...... Total Purchase Price ...................... . Less Tenant Discounts ..................... . . Less Reserve Fund to be Retained· by Apartment Corporation ................. : ... . Net Purchase Price of Property to Sponsor .. . $ 1,440,000 460,000 1,900,000 144, ooo· 10,000 1,746,000 TERMS OF MORTGAGE WHICH WILL AFFECT THE PROPERTY AT THE CLOSING DATE The Apartment Corporation will take subject to first mortgage having the following features: The first mortgage is held by EAST NEW YORK SAVINGS BANK in the original amount of $460,000. The mortgage will be due on January 1, 1991. It will have monthly payments of $3,844 payable first towards interest at 8-1/2% per annum and then towards principal. When due it will have a balance of $358,000 . If the mortg~ge cannot be refinanced, eac

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debtedness ••...•.....• ~···· · Total Purchase .. -Price .....• ~ ~ ................ . Less Tenan·t Discounts .. · ..... · ................ . Less Reserve Fund to: be Retai~ed by -Apartment Corporation ............ · ...... · ..•.. Net Purcl1ase Price v~ Property to Sponsor: ... $ 1,440 ~000 :' 460,000- 1,900,000. 144,000' ' 10,000 1,_746,000 ______ ....;._.,.._. ______ ,._..._:.:;·;;..·· ·:.-------------~-------- ·NAME AND "ADDRESS Qi:~· APARTl-"lE£-~T CORPOR .. t\TION \~HOSE SHARES . ARE OFFERED: . . 220 BERKELEY 'PLACE HOUS!NG CORPORATrON c/o Raphael & Marcus, P.C. 551 Fifth Avenue Suite 1419 Net-r. York~ N. Y· ... 10017 . :· NM-IE AND ADDRESS OF SPONSOR A!{!J SELLI~G .AGENT: 220 BERKELEY PLACE ASSOCIATES 115 Court Str~et Brooklyn, Ne·t·T York "T-HE FILING OF THIS PLAN \·liTH THE YO~K DDES NOT COi~STITUTE APPROVAL ~~PARTHENT OF LA\·1 OR THE ATTORNEY. Kr..PRESENTATION TO THE CONTRARY· IS The date· of first offering of this P~a~ i~_approximately August 6,

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·-·· ... 27a. UNSO ... D HA 1;" .•..• -·..... . ·;. - . . L s :'RES • • • • • • .. • • • • • • • • • • • • • • • • • • • • ..... .r ........ .: .: RESERVE FUND . . . . . . . . . - . . . . . . . . . . . . . . . . - - . • . . . -. . . - . . . ............................................. - CONTRACT OF S.ALE ... ·• ·• ·• ·• ·• ·• ·• ·• ·• ·• -. ·• ·• ·• ·• · .. ·•·•• ·• ·• ·• ·• ·• ·.:. ·.:.:. : •. : .. : .. : ... ~ ... - SPONSOR' S PROFIT . . . . . . . . . . . . . . . . . . . . . .. - . . . . . . . . -.... - . £ . . ~ • • • • • : • ~ • • • ~ • • • • • • • • • • • • • • • ~ • • - • • - • 1-.tANAGE~lENT "AGREEfiENT :ANn OTHER CONTRACTUAL .... AR. »n 11.1\..TGE"M"!::-'N S • . . ... -. . . . . . - . . . . . . . . . . . . . . . . . . . - •.. -~..., J.. .. .LU. T ........................................ . IDENTITY OF THE PARTIES •• · .... ·• ·• ·• ·• ~- ·• ·• ·• -. · .. ·• -. -. ·• ·• ·• -. ·• ·• · .. ·• -.. · •. - · DOC~t~TS ON FILE ... ·.·.·.·.·.·.·.·.·.·.·.·.·.~·.·.· .. ·•·•·•·•·•·•·•

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First Mortgage Indebtedness ......... -•...... Total Purchase Price ...................... . Less Tenant Discounts ..................... . . Less Reserve Fund to be Retained· by Apartment Corporation ................. : ... . Net Purchase Price of Property to Sponsor .. . $ 1,440,000 460,000 1,900,000 144, ooo· 10,000 1,746,000 TERMS OF MORTGAGE WHICH WILL AFFECT THE PROPERTY AT THE CLOSING DATE The Apartment Corporation will take subject to first mortgage having the following features: The first mortgage is held by EAST NEW YORK SAVINGS BANK in the original amount of $460,000. The mortgage will be due on January 1, 1991. It will have monthly payments of $3,844 payable first towards interest at 8-1/2% per annum and then towards principal. When due it will have a balance of $358,000 . If the mortg~ge cannot be refinanced, each shareholder - will be assessed $179~00 per share. The Sponsor makes no represe~tation at what rate or terms the mortgage can be refinance

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SERVE FU~D On the Closing Date, from the amount of cash raised by this Offering, the Apartment Corporation.will retain the sum of $10,000.00. This reserve fund may 29. be held for working cap:i.tal (plus 9r minus closing adjustments), and for repairs and other appropriate corporate·purposes as determined by the Board of Directors. In any event the Reserve Fund shall not be less than $4, 000 . after Closing. · . No representation is made that the reserve fund will be adequate to cover current o-;r- future expenses, including repairs or replacements, and if additional funds are·--z;equired over and above the reserve. fund, it may be nece.ssary to increase maintenance charges. THE PROPERTY IS OFFERED IN ITS CURRENT CONDITION AS.SET. FORTH IN THIS OFFERING PLAN. NO GOVER.t'\TMENT AGEl~CY HAS PAS-SED UPON THE ADEQUACY_OF THE RESERVE FUND OR ON THE PHYSICAL CONDITION OF- THE BUILDING.

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lude bu~ not be ~ir-.:ited . to: an increase or decrease in the ~::r:-tg~ge a::1ount or cash purc~1ase price~ an increase in the working ~apital or reserve fund, ~zr~e=~nt by the Sponsor to Dcl.ke additional repairs or ir::prove::..?.nts, or to repurchase apart~ents, or the offc!" of ne-..; o::- better tc~,ts fo.:::­ financing thE! purch::lser prlcc of a:t ap.:trtn.?nt ..

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ales. (f) The Sponsor is current on all financial obligations under the Plan, including but not limited to maintenance and assessments. The underlying mortgages are all current. The Sponsor was current on all such obligations during the year prior to the filing of this Amendment. There are no financial obligations, which the sponsor must meet during the next twelve- (12) months except for maintenance payments. (g) The general partners of the Sponsor own more than ten percent (10%) of the shares for the cooperatives/condominiums identified in Exhibit B attached hereto. The Offering Plan for said properties are available for inspection at the Office o f the New York State Attorney General, 28 Liberty Street, New York, NY. (h) The Sponsor and principals of the Sponsor are current in their financial obligations in other cooperatives/condominiums in which they own shares/ units. (i) There are eight directors on the Board of Directors for the Corporation. T

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rly stated in all material rcspects in relation to t.he financial statemcnts as a wholc. Omission of Required SupplementalJ' I11for1l/.(Itioll About Future Major Repairs (Iml Replacements The managemcnt has omitted the supplementary information about iilturc major repairs find replacements that accounting principles generally accepted in the Unitcd States of America require t.o be pmsented to supplement the basic tlnaneial statements, Such missing information, although not a part of the bm;i(l financial statemcnts, is requircd by the Financial !\ccountinr, Standards Board, whichco11siders it to be an essentitll part of financial reporting for placing the basic financial statements in an appropriate operational, cconomie, or historical conttlxt. Our opinion on the basic tlnancial stlltemcnt.s is 110t affected by this missing information. GREENBERG & BRENNAN, CPA's, p.e. New York, New York February 25, 2022 Greenberg & Brennan, CI) A's, P. C. ------- --.-Certified Public Ac

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od of five yeam commencing March 1, 2016 through February 28, 2021 and is designated to provide funds for capital improvements and to replenish the reserve fund. NOTE 8 - R1U,ATEDPARTY East. Realt.y, LLC, the sponsor, is afllliated with the Corporation through stock ownership. As of December 31, 2021, the sponsor owned 208 shares of the Corporatioll allocated to 6 apartm(,nts, or approximately 10% onhe total shares issued and outstanding. As of the balance sheet dale, lhe sponsor was not in urrears. NOTE 9 - REAL J~STATE TAX REDUCTION [n November 202], the Corporation rouehed a settlement with New York City result.ing in a reduction of the assessed valuations for the tax years 2020/2021 and 202.112022, which is expected to yield real estate tax savings through the tax year 2024/2.025. Relating to this, in 'February 2022, the Corporation has received real estate tax refund in the amount of' $8,568 and incurred legal (certiorari) fees of $4,750 (based on a percentage or the

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is fairly stated in all material respects in relation to the financial statements as a whole. Omission of Required Supplementary Information About Future Major Repairs and Replacements The management has omitted the supplementary information ab out future major repairs and replacements that accounting principles generally accepted in the United States of America require to be presented to supplement the basic fin ancial statements. Such missing information, although not a part of the basic financi al statements, is required by the Financial Accounting Standards Board, which considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information. GREENBERG & BRENNAN, CPA’s, P.C. New York, New York March 23, 2023

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f $1,500,000. The proceeds from the new mortgage were used to pay off the balance of the prior mortgage and the line of credit and to replenish the reserve fund. The mortgage is secured by the Corporation's property and is payable at the annual interest rate of 4.00% for a term of 10 years with monthly payments of $7,161.23, based on a 30 -year amortization schedule. Interest is calculated on the basis of 30/360 -day year. The lender is currently not escrowing for real estate taxes.

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220 BERKELEY PLACE HOUSING CORPORATION NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 AND 2021 – 13 – NOTE 4 – FUTURE MAJOR REPAIRS AND REPLACEMENTS The Corporation has not conducted a study to determine the remaining useful lives of the components of common property and current estimates of costs of major repairs and replacements that may be required in the future. The Corporation ’s governing documents do not require the accumulation of funds to finance such expenditures. When replacement funds are needed to meet future needs for major repairs and replacements, the Corporation has the right to borrow, pass special assessments, utilize available cash reserves or delay major repairs and replacements until funds are available. The effect of future assessments has not been determined at this time. NOTE 5 – CORPORATION TAXES During 1996, in a case involving a conventional cooperative, the United States Tax Court ruled that Subchapter T of the Internal Revenue Code, not S

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of five years commencing March 1, 2016 through February 28, 2021 and was designated to provide funds for capital improvements and to replenish the reserve fund. NOTE 8 – RELATED PARTY East Realty, LLC, the sponsor, is affiliated with the Corporation through stock ownership. As of December 31, 2022, the sponsor owned 2 08 shares of the Corporation allocated to 6 apartments, or approximately 10% of the total shares issued and outstanding. As of the balance sheet date, the sponsor was not in arrears. NOTE 9 – REAL ESTATE TAX REDUCTION In November 2021, the Corporation reached a settlement with New York City resulting in a reduction of the assessed valuations for the tax years 2020/2021 and 2021/2022, which is expected to yield real estate tax savings through the tax year 2024/2025. As p art of the settlement, all prior pending proceedings were discontinued. Relating to this, in February 2022, the Corporation received real estate tax refund in the amount of $8,568 and incurre

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ATEMENTS OF OPERATIONS AND CHANGES IN ACCUMULATED DEFICIT INCOME Maintenance Charges (Note 2F) NYC Real Estate Tax Abatements/Exemptions (Note 6) Special Assessment (Note 6) CapitJl1 Assessment (Note 7) _Parking Move Ill/Out Fees Sublet Fees Storage Fees Late Charges and Miscellaneous Laundry Interest ancl Dividends TOTAl" INCOME FXPENSES Payroll Payroll Tax(~s and Insurance Employee Benefits Other Payroll Related Heating -- Gas Electricity and Gas Water and Sew(ey Charges Repairs and Maintenance (,S'chedule 1) Management Professional Insurance NYC Real Estate Taxes - Net of Abatements/Exemptions Mortgage Interest (Notes 21 and 3) Corporation Tlixes (Note 5) Telephone Miscellaneous Administrative TOTAl, EXPENSES Operating Surplus Before Deprcciatiollllud Amortization Depreciation (Note 2E) Amortization of Deferred Professional Fces (Note 2[;) NET SURPLUS I<'OR TIm YEAR AcculIlulated Dcfkit - ,Jnullary 1 A(~clUnulatcd Deficit -- n(~cembcr 31 For the

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ditures. When replacement l'tmcls are needed to meet i'ntlJrc needs tor major repairs and replacements, the Corporation has the right to borrow, pass special assessments, utiliz.e available cash reserves or delay major repairs and replacements until funds are available. The effect of future asscssments hRfI not bcen determined at this time. NOTE 5 _. CORPORATION TAXES DlU'ing 1996, ill a case involving a conventiomll cooperative, the United States Tax Court ruled l1ul1 Subchapter T ofthe Internal Revenue Code, not Sectioll 277, applies 1.0 housing cooperatives !lUlt qualify under Section 2 I (; of the Internal Rewnue Code. Subchapter T requires al location of patronage ancl nOll .. patronage source income. The CorpoJ'lltion is qualified to prepare its tax returns pursuant 10 the provisions of Subchapter T of the Internal Revenue Code. Subchapter 'I' provides that expenses atirihutable to the gelwration of patronage income, i.e., income ll-oJll business done with or for patrons (shar

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2022 2021 INCOME Maintenance Charges (Note 2F) $ 586,697 $ 561,435 NYC Real Estate Tax Abatements/Exemptions (Note 6) (70,859) (66,346) Special Assessment (Note 6) 78,054 78,053 Capital Assessment (Note 7) – 10,006 Parking 27,828 27,828 Move In/Out Fees 24,000 24,000 Sublet Fees – 1,948 Storage Fees 1,048 888 Late Charges and Miscellaneous 2,182 1,824 Laundry 4,578 3,051 Interest and Dividends 5,576 5,084 TOTAL INCOME 659,104 647,771 EXPENSES Payroll 61,644 56,132 Payroll Taxes and Insurance 7,454 6,936 Employee Benefits 10,228 9,256 Other Payroll Related 2,193 2,295 Heating – Gas 27,442 24,416 Electricity and Gas 10,304 8,125 Water and Sewer Charges 18,222 19,351 Repairs and Maintenance (Schedule 1) 63,798 53,259 Management 25,404 25,404 Professional 10,752 14,924 Insurance 65,062 58,526 NYC Real Estate Taxes – Net of Abatements/Exemptions 236,

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enditures. When replacement funds are needed to meet future needs for major repairs and replacements, the Corporation has the right to borrow, pass special assessments, utilize available cash reserves or delay major repairs and replacements until funds are available. The effect of future assessments has not been determined at this time. NOTE 5 – CORPORATION TAXES During 1996, in a case involving a conventional cooperative, the United States Tax Court ruled that Subchapter T of the Internal Revenue Code, not Section 277, applies to housing cooperatives that qualify under Section 216 of the Internal Revenue Code. Sub chapter T requires allocation of patronage and non-patronage source income. The Corporation is qualified to prepare its tax returns pursuant to the provisions of Subchapter T of the Internal Revenue Code. Subchapter T provides that expenses attributable to the generation of patronage income, i.e., income from business done with or for patrons (shareholders), are

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Note 2F) NYC Real Estate Tax Abatements/Exemptions (Note 6) Special Assessment (Note 6) CapitJl1 Assessment (Note 7) _Parking Move Ill/Out Fees Sublet Fees Storage Fees Late Charges and Miscellaneous Laundry Interest ancl Dividends TOTAl" INCOME FXPENSES Payroll Payroll Tax(~s and Insurance Employee Benefits Other Payroll Related Heating -- Gas Electricity and Gas Water and Sew(ey Charges Repairs and Maintenance (,S'chedule 1) Management Professional Insurance NYC Real Estate Taxes - Net of Abatements/Exemptions Mortgage Interest (Notes 21 and 3) Corporation Tlixes (Note 5) Telephone Miscellaneous Administrative TOTAl, EXPENSES Operating Surplus Before Deprcciatiollllud Amortization Depreciation (Note 2E) Amortization of Deferred Professional Fces (Note 2[;) NET SURPLUS I<'OR TIm YEAR AcculIlulated Dcfkit - ,Jnullary 1 A(~clUnulatcd Deficit -- n(~cembcr 31 For the Years Ended Deeem ber 31 , -~2~0~21'- ~()20- $ 561,435 (66,346) 78,053 10,006 27,

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Assessment (Note 6) 78,054 78,053 Capital Assessment (Note 7) – 10,006 Parking 27,828 27,828 Move In/Out Fees 24,000 24,000 Sublet Fees – 1,948 Storage Fees 1,048 888 Late Charges and Miscellaneous 2,182 1,824 Laundry 4,578 3,051 Interest and Dividends 5,576 5,084 TOTAL INCOME 659,104 647,771 EXPENSES Payroll 61,644 56,132 Payroll Taxes and Insurance 7,454 6,936 Employee Benefits 10,228 9,256 Other Payroll Related 2,193 2,295 Heating – Gas 27,442 24,416 Electricity and Gas 10,304 8,125 Water and Sewer Charges 18,222 19,351 Repairs and Maintenance (Schedule 1) 63,798 53,259 Management 25,404 25,404 Professional 10,752 14,924 Insurance 65,062 58,526 NYC Real Estate Taxes – Net of Abatements/Exemptions 236,127 202,892 Mortgage Interest (Notes 2I and 3) 58,937 50,626 Corporation Taxes (Note 5) 1,150 912 Telephone 1,070 1,007 Miscellaneous Admin