851 CARROLL STREET

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.......................................... 1 3. 2026 CONDOMINIUM BUDGET AND OPERATIONS ....................................................... 1 4. WORKING CAPITAL FUND ................................................................................................. 1 5. RESERVE FUND .................................................................................................................... 2 6. CONDOMINIUM BOARD ..................................................................................................... 2 7. FINANCIAL DISCLOSURE OF SPONSOR .......................................................................... 2 8. FINANCIAL CRIMES ENFORCEMENT NETWORK DISCLOSURE ............................... 3 9. INCORPORATION OF PLAN ................................................................................................ 3 10. DEFINITIONS ......................................................................................................................... 4

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imitation, the current Common Charges and/or Special Assessments (if any), and other updates, happenings, or matters involving the Condominium). 4. WORKING CAPITAL FUND As of December 1, 2025, the Condominium’s Working Capital Account in the approximate amount of $5,882 is on deposit with Flagstar Bank located at 1400 Broadway, 25th Floor, New York, NY 10018.

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- 2 - 4914-7401-1513 5. RESERVE FUND As of December 1, 2025, the Condominium’s Reserve Fund Account in the approximate amount of $6,280 is on deposit with Flagstar Bank located at 1400 Broadway, 25th Floor, New York, NY 10018. 6. CONDOMINIUM BOARD The members of the Condominium Board are as follows: Members affiliated with Sponsor: Name: Title: Marla Siegel President Jay Solomon Secretary/Treasurer Member not affiliated with Sponsor: Name: Title: Sasha Edelstein Vice President Sponsor controls the Condominium Board. Sponsor will relinquish control of the Condominium Board upon the earlier to occur of (i) the fifth anniversary of the First Closing, (ii) the Closing of Title to all Units offered for sale pursuant to the Plan, or (iii) the date on which Sponsor otherwise exercises its right to relinquish control of the Condominium Board. The members of the Condominium Board which are affiliated with Sponsor each have an address c/o Sponsor 131 Spring St

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indings, and certain internal control related matters that we identified during the audits. Omission of Required Supplementary Information about Future Major Repairs and Replacements As discussed in Note 5, 851 Carroll Street Condominium has omitted the supplementary information on future major repairs and replacements that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Financial Accounting Standards Board, which considers it to be an essential part of financial reporting and 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. Lake Success, New York July 25, 2025

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Total Expenses 20,329 Revenue Over Expenses 2,136 Members’ Equity Beginning of Period 0 Working Capital Contributions 4,589 End of Period $ 6,725 The Accompanying Notes are an Integral Part of These Financial Statement. - 4 -

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1,582 Net Cash Provided By Operating Activities 12,247 Cash Flows From Financing Activities Working Capital Contributions 4,589 Net Cash Provided by Financing Activities 4,589 Net Increase in Cash and Cash Equivalents 16,836 Cash and Cash Equivalents - Beginning of Period 0 Cash and Cash Equivalents - End of Period $ 16,836 The Accompanying Notes are an Integral Part of These Financial Statement. - 5 -

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851 CARROLL STREET CONDOMINIUM (A Homeowner’s Association) Notes to Financial Statements December 31, 2024 NOTE 4 WORKING CAPITAL CONTRIBUTION Each Purchaser of a Unit shall be required to make a non-refundable contribution to the working capital fund of the Condominium (the “Working Capital Fund”) at Closing in an amount equal to two (2) months of Common Charges with respect to the Unit, based on the Condominium budget in effect as of the Closing Date. This Working Capital Fund contribution shall be required of all Purchasers, whether acquiring their Unit directly from the Sponsor or via resale from another Unit Owner. NOTE 5 FUTURE REPAIRS AND REPLACEMENTS The Association’s governing documents do not require the accumulation of funds to finance estimated future major repairs and replacements. The Association has not conducted a study to determine the remaining useful lives of the components of common property and estimates of the costs of major repairs and

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LEGAL AND AUDIT FEES 3,380.00$ PROPERTY MANAGEMENT FEE 16,200.00$ RESERVE FUND 4,845.69$ TOTAL OPERATING EXPENSES 64,656.93$ Annual budget- Contract Services Exterminator 1,631$ Sprinkler 1,870$ Phone/Internet 2,520$ Virtual Doorman 991$ Labor 10,000$ 17,012$

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equired to meet future needs for major repairs and replacements, the Association has the option to borrow, increase common charge assessments, pass special assessments, or delay repairs and replacements until funds are available. The effect of future assessments has not been determined. - 9 -

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Total Expenses 20,329 Revenue Over Expenses 2,136 Members’ Equity Beginning of Period 0 Working Capital Contributions 4,589 End of Period $ 6,725 The Accompanying Notes are an Integral Part of These Financial Statement. - 4 -

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1,582 Net Cash Provided By Operating Activities 12,247 Cash Flows From Financing Activities Working Capital Contributions 4,589 Net Cash Provided by Financing Activities 4,589 Net Increase in Cash and Cash Equivalents 16,836 Cash and Cash Equivalents - Beginning of Period 0 Cash and Cash Equivalents - End of Period $ 16,836 The Accompanying Notes are an Integral Part of These Financial Statement. - 5 -

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851 CARROLL STREET CONDOMINIUM (A Homeowner’s Association) Notes to Financial Statements December 31, 2024 NOTE 4 WORKING CAPITAL CONTRIBUTION Each Purchaser of a Unit shall be required to make a non-refundable contribution to the working capital fund of the Condominium (the “Working Capital Fund”) at Closing in an amount equal to two (2) months of Common Charges with respect to the Unit, based on the Condominium budget in effect as of the Closing Date. This Working Capital Fund contribution shall be required of all Purchasers, whether acquiring their Unit directly from the Sponsor or via resale from another Unit Owner. NOTE 5 FUTURE REPAIRS AND REPLACEMENTS The Association’s governing documents do not require the accumulation of funds to finance estimated future major repairs and replacements. The Association has not conducted a study to determine the remaining useful lives of the components of common property and estimates of the costs of major repairs and