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210 211 EXHIBIT "4" DESCRIPTION OF PROPERTY 212 213 50 West 30th Street 50 West 30th Street, New York, NY ARCHITECT'S DESCRIPTION OF PROPERTY AND SPECIFICATIONS 23 November 2015 TABLE OF CONTENTS SECTION PAGE A. Location of Property ...........................................................................................................................2 B. Status of Construction .......................................................................................................................2 C. Site .............................................................................................................................................................2 D. Utilities ......................................................................................................................................................3 E. Sub-Surface Conditions .....................................................................................................................4 F. Streetscape & Enclosure ...................................................................................................................4 G. Building Size ...........................................................................................................................................4 H. Building Systems ..................................................................................................................................5 (1) Foundation ..................................................................................................................................5 (3) Opaque Wall Construction ....................................................................................................6 (4) Windows .......................................................................................................................................6 (5) Storefront (Building Entrance) ............................................................................................7 (6) Parapets & Copings ..................................................................................................................8 (7) Chimneys & Caps .......................................................................................................................8 (8) Rooftop Terraces ......................................................................................................................8 (9) Balconies ......................................................................................................................................9 (10) Exterior Entrances ....................................................................................................................9 (11) Roof & Roof Structure ...........................................................................................................10 (12) Yards & Courts ..........................................................................................................................11 (13) Interior Stairs .............................................................................................................................11 (14) Interior Doors & Frames ........................................................................................................12 (15) Elevators ......................................................................................................................................12 I. Auxiliary Facilities ..............................................................................................................................14 J. Plumbing & Drainage ........................................................................................................................15 K. Heating ...................................................................................................................................................16 L. Gas Supply .............................................................................................................................................17 M. Air Conditioning ..................................................................................................................................17 N. Ventilation .............................................................................................................................................18 0. Electrical System ................................................................................................................................19 P. Life Safety System ............................................................................................................................20 Q. Intercom & Security ..........................................................................................................................20 R. Fire and Smoke Detection Systems .............................................................................................21 S. Recreation Facilities ...........................................................................................................................21 T. Approvals and City Regulations: ...................................................................................................21 U. Unit lnformation ..................................................................................................................................22 V. Finishes, Fixtures & Equipment ...................................................................................................23 W. Transfer of Control 26 50 West 30th Street 214 215 FXFOWLE A. Location of Property (1) Address: .............................50 West 30th Street, New York, NY 10001 (2) Block Number: ................831 Lot Numbers: ...................78 (3) Zoning District: ...............C6-4X (4) Permissible Use: ..............Residential (Zoning Use Group 2) .....Community Facility (Zoning Use Group 3 & 4) .....Commercial (Zoning Use Group 6) (5) The building will comply with all zoning and use requirement at closing. B. Status of Construction (1) Construction of the building is expected to begin in 2015. It is anticipated that the first Condominium Unit will be substantially completed on or about December 2017, unless delayed by weather, strikes, lockouts, acts of God, shortages of, or inability to obtain materials, equipment or labor, governmental restrictions, approvals or preemption, damage by fire or the elements or any other cause over which the Sponsor has no control. (2) Type of Construction: The Building will be classified as Type 1B (Non-Combustible) and will conform to all applicable regulations of the Building Code of the City of New York ("Building Code").The project is under review by the Department of Buildings under job number 121192413. (3) Certificate of Occupancy: Prior to the first Condominium Unit closing, Sponsor will obtain a Temporary Certificate of Occupancy from the Department of Buildings of the City of New York ("Department of Buildings") for the Condominium Units which are to be closed. Sponsor will continue to extend the Temporary Certificate of Occupancy until a permanent Certificate of Occupancy is issued unless prevented from doing so by violations on the building caused by or resulting from acts which are the responsibility of the Condominium Association or its members. After completion of construction the Sponsor will apply for a Certificate of Occupancy for the Building from the Department of Buildings of the City of New York ("Department of Buildings"). (4) Where materials, appliances, equipment, fixtures and other construction and design materials and details are specified in this report and/or on the construction documents, the Sponsor has reserved the right, in all cases, to substitute in their place similar materials, appliances, equipment and/or fixtures of equivalent or better quality. Sub-meters may be installed in lieu of direct meters for utilities at Sponsor's sole discretion. Construction conditions may mandate the changing of locations of building systems, which will be reflected on the as-built drawings. (5) The building is under Quality Housing Program and complies with requirements under Zoning Resolution Article II, Chapter 8. C. Site (1) Location: The site is located to the Northwest corner of the block limited North by 30th Street, South by 29th Street, West by 6th Avenue and East by Broadway in the Borough of Manhattan. (2) Size: The lot is irregularly shaped with a frontage on West 30th street of 125.0', on 6th Avenue of 68.00', on the adjacent lot of 75.21' to South, on the adjacent lot of 44.81' to East, with a total lot area of approximately 6,997 square-feet. (3) Number and Use of Buildings: There will be one 24-story building with one below grade cellar and mechanical bulkheads above the main roof. (i) The building upon completion of the work will include 55 Residential Condominium Units, one (1) commercial unit on the cellar, ground & second floors, a residential amenity space and amenity terrace at the 5th level, residential private terraces and balconies at various levels and bicycle storage in the cellar. 50 West 30th Street 2 216 i L___FXFOWLE (4) Streets: There are no streets owned or maintained by the project. The building will have frontage on West 30thstreet, 6th Avenue, and the main residential entrance located off of 30th Street. The streets are owned and maintained by the City of New York and is typical of New York City streets, paved with asphalt. (i) The Commercial Unit will have frontage on 6th Avenue and West 30th St., with entrances located on both