1479 STERLING PLACE

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SECOND AMENDMENT TO CONDOMINIUM OFFERING PLAN 
 The offering plan to convert to condominium ownership the premises located at 1479 
Sterling Place , Brooklyn, NY 112 13, dated November 20, 2025 under CD25-0057, is hereby 
amended as follows:  
1. This Amendment extends the Plan for 6 months. 
2. The Declaration of Condominium was recorded on April 27, 2026. 
3. The tax lots for the Units have been apportioned but the final assessment of real estate taxes 
has yet to be finalized for the Units.  
4. Sponsor obtained a Final Certificate of Occupancy for the condominium on January 14, 
2026 (a copy of which is attached hereto and made part hereof as Exhibit A).   
5. The Budget for the First Year of Condominium Ownership was submitted with the Offering 
Plan and has not changed. 
6. The First Unit Closing (Unit 2B) took place at 44 Court Street, Suite 917, Brooklyn, New 
York 11201 on May 21, 2026.  At this time, Unit 4A and 2A have  also closed.  Unit 4B is in 
contract.  Units 1A, 1B, 3A and 3B remain unsold. 
7. Sponsor is current on all its financial obligations to the Condominium. Sponsor does not 
have any financial obligations to the Condominium that will become due within twelve (12) 
months from the date of this amendment other than the payment of common charg es.  Common 
charges and monthly real estate taxes for unsold Units are as follows: 
          UNIT  COMMON CHARGES REAL ESTATE TAX 
 
         1A         $249.05         $79.46 
         1B         $802.72         $256.12 
         3A         $331.36         $105.73 
         3B         $321.93         $102.72 
         4B         $618.16         $197.24 
 

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8. There have been no meetings of the Unit Owners. The Board of Managers is controlled by 
the Sponsor.  The current members of the Board of Managers are Oren Hakim, principal of the 
Sponsor, and Maurice Nassiri, affiliate of Sponsor’s principal.  Sponsor shall control the Board of 
Managers for five (5) years after the first closing or until the unsold Units constitute less than 25% 
of the total units, whichever is sooner. The first meeting of the unit owners shall take place within 
30 days of the earlier to occur of (a) the first anniversary of the first Closing under this plan or (b) 
the date Sponsor has closed title with Purchasers to 75% of the units.   
9. As Condominium operations recently began, financial statements will not be available until 
2027. There is no financial statement for 2025 since the Condominium was not operating. 
10. The Sponsor opened a working capital account and a reserve account on behalf of the 
Condominium at Chase Bank, 726 Grand Street, Brooklyn, NY 11211.  The current balance of the 
working capital account is $2,632.04 and the current balance in the reserve account is $363.92.  At 
each closing, Purchasers have and shall pay two (2) months of Common Charges, which Sponsor 
shall deposit in the Working Capital Fund account. Sponsor will deposit all checks received from 
each Unit closing into this account.  There are no closing adjustments in favor of Sponsor.   
11. The principal of the Sponsor is Oren Hakim.  He has not taken part in any cooperative or 
condominium offering, planned unit development or time-sharing offering and does not own more 
than ten (10%) percent of any such offering except for:  
i) the 97 Seigel Street Condominium, 97 Seigel Street, Brooklyn, NY under CD24-0232;  
ii) the 140 Moffat Street Condominium, 140 Moffat Street, Brooklyn, NY under CD24 - 
0253; 
iii) the 833 Knickerbocker Avenue Condominium, 833 Knickerbocker Avenue, Brooklyn, 
NY under CD25-0038;