63-11 QUEENS BOULEVARD

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NY 6300697.2 
Joshua Trevors - President/Director 
Michael Case-Hayes - Treasurer/Director 
Silvana Medora - Secretary/Director 
Roshan Robert - Secretary/Director 
Valerie Lopez - Director/Sponsor Designee 
Valerie Penn - Director/Sponsor Designee 
The Board is not controlled by the Sponsor. Two members of the six member Board of 
Directors have been designated by the Sponsor. 
Managing Agent 
The current managing agent of the Property is First Service Residential - Rego Park, 9525 
Queens Blvd., 5th Fl., Rego Park, New York 11374. The managing agent is not affiliated with 
the Sponsor. 
FinCen’s Geographic Targeting Order 
As required by the October 9, 2025 revised Geographic Targeting Order (“Order”) issued 
by the Assistant Director of the Financial Crimes Enforcement Network (“FinCen”), United States 
title insurance companies are now required to collect and report information regarding purchasers 
in transactions where: (1) the purchaser is a legal entity as defined in the Order; (2) the purchaser 
purchases residential real property located in the Boroughs of Brooklyn, Queens, Bronx, 
Manhattan, and Staten Island; (3) the total purchase price is in the amount of $300,000 or more; 
(4) such purchase is made without a bank loan or other similar form of external financing; and (5) 
the purchase is made at least in part, using currency or a cashier’s check, a certified check, a 
traveler’s check, a personal check, a business check, a money order in any form, a funds transfer 
or virtual currency. The affects all residential real property closings beginning October 9, 2025 
and ending February 28, 2026 unless further extended.  
Financial Condition of the Sponsor 
This section is filed pursuant to a New York State Department of Law requirement for all 
offering plans for buildings which the sponsor owns more than ten percent of the units. 
There has been no material change in the financial position of the Sponsor of the Offering 
Plan, which may jeopardize its ability to meet its obligations to the Apartment Corporation. 
1. Attached as Exhibit C is a list of the Unsold Shares and the appurtenant 
apartments owned by the Sponsor. The Sponsor is the holder of all Unsold Shares. 
2. The current aggregate monthly maintenance charges for all apartments owned by 
the Sponsor together with all amounts payable by the Sponsor as tenant under the Master Lease 
is $55,048.42 each month. 

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NY 6300697.2 
3. 56 out of a total of 161 apartments are owned by the Sponsor. The current aggregate 
monthly rents payable by tenants of apartments owned by the Sponsor together with all amounts 
payable to the Sponsor for space covered by the Master Lease is $109,833.00. 
4. The Sponsor has no financial obligations to the Apartment Corporation which will 
become due within twelve months from the date of this Amendment (other than payment of 
maintenance charges and rent under the Master Lease). 
5. None of the Unsold Shares are subject to mortgages or financing commitments. 
The Sponsor owns all Unsold Shares free of any mortgages, pledges, liens or other 
encumbrances. 
6. The financial obligations of the Sponsor are funded from the monthly rents paid 
by the tenants of the apartments owned by the Sponsor and the monthly rents paid by the tenants 
of space covered by the Master Lease. No bond or security has been furnished to secure the 
Sponsor's obligations. 
7. The Sponsor is current on all financial obligations under the Plan, including, but 
not limited to, maintenance charges, taxes, reserve or working capital fund payments, 
assessments and payments for repairs or improvements for which the Sponsor was obligated 
under the Plan. During the twelve (12) months prior to the filing of this Amendment the 
Sponsor has not been delinquent in any of the foregoing obligations. The Sponsor and the 
managing agent are discussing whether any amounts are due from the Sponsor for maintenance 
on Unsold Units which are subject to the Senior Citizen Rent Increase Exemption and for 
amounts due under the Master Lease as a result of the assignment of a portion of the space 
under the Master Lease.  It is the Sponsor’s position that, despite reference in Note 11 of the 
2022 and 2023 financial statements to the Sponsor owing arrears, no amounts are due from the 
Sponsor as the managing agent has failed to credit the Sponsor for real estate tax abatements 
received by the Apartment Corporation on Unsold Units which were subject to the Senior 
Citizen Rent Increase Exemption and further, has billed the Sponsor for Units which were 
previously sold.  It is the Sponsor’s position that amounts due under the Master Lease were 
reduced by an assignment of a portion of the Master Lease, i.e. Professional Apartment A6/A7 
and storage space, in 2004 thereby decreasing its percentage of utility charges, insurance, real 
estate taxes and mortgage.  The Sponsor and the Apartment Corporation are in ongoing 
discussions resulting in a reduction in the disputed amount from $93,950 to $56,335.46, which 
amount is being held in escrow by attorneys for the Sponsor, Meister Seelig & Schuster PLLC.   
8. The Sponsor owns cooperative shares or units in The Capri Apartments, a 
cooperative building, and in no other cooperative or condominium building. The only principals 
of the Sponsor, as such term is defined in 13 NYCR Section 18.1(c)(2), as an individual holder of 
unsold shares or units or as general partner or principal of a sponsor, who own ten percent of the 
cooperative shares or units in any other cooperative or condominium building are Laurence Penn, 
Carol M. Penn and Valerie A. Penn. 
These other cooperative buildings are: 
The Capri Apartments  C85-0094