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F CONVI:I2slon'i'o C:ONI)01VIINILIM O~VNEI2SHIP THIS (S A NON-I>I~IC'TION PLAN. NO NON-PIJRCIIASI:NG'I'I~NANT WILL 13I I;VICTI~D ~3Y RI~ASnN OF CONVI:I2SlON'I'O C:ONI)01VIINILIM O~VNEI2SHIP CONI30VCINIUIVI OF'I+I~~I~IV~Y PL,A~V r<)It TIIF 146 I2FS[I~EiVTI.~L Ui~~IT~ QF TII1+1360 CCI~"I?RAL I'f~ldl~ WE;S'I' CE}t'~`llOM1ViINIUNI Y ~~ ~~~ .. _ ~ f,~~ UU~~~~ 360 (:e~zt►-al ~'a~~tc Nest New Yo►•Cc, ~'Ew York 10025 Pt-ice to 1'en~nfs Price fo Non-Tenants Offer-in~ Pr-ic~e fog- 146 ResideTttial [inif.s (1) ~ 194,55(?,000 ~ 204,805,500 12eserve Fund (2} ~ 5,836,SOQ ~ 5, 32(},300 f nskir~~ p~~iccs ~~.:-e r le and inay he ck~~~zis~ed. See ~ectio~~ ot'thc F'IaEz ertiCi[}e~ "( ~ ~~ in Pries a5~d lin[ts." "This (~ ~ i~~ P4~ce includes the ~ ~' of Residenti~~l U~~it SD, wf~ich is Co be 5ald Ca the Candon~iniizi~7 £« ~-~t~~ancy by the ReSid~ .~ ~ ~ . ~ f`or ` 803,000. See Secuun of t(~e ('lan entitled "Ii~trocluction". 2 The Reserve I~ui~d will he es[~~blished in accordaiicc with ('h<Xptcr ~3 of'1`iile 26 of~ L(~e Adminis[rative Code of the City of Ncw York. 7t is in~st probable that this estiiii~iteci ainour'tt will Vie ch~uiged ~~~ursuarit tc~ such s(afute. This is esfirnated to be reduced by $ 1;862.`~~U clue to work performed by Sp~~nsor, so tl~~af the .u>>aunt ~o Ise paid would be $3,725,800. See the Section of the Pla~i entitle ~ ` !~ ~. .. SPONS~E2: ~1+,IILINC~ AGF'IVT: 3(iE} C'i'~~ LI1(.` Stt-iblin~; Marlc~tin~; Asst~ciate~, LLC' c/e `,r.;~~: I~c.z( I?sta~e I,L(' 32 Avenue of tht ~ ~~~e~~itas 50 \1'c; t t 7"' 4t7-c ~t !~'~w Ycirlc, ~VI~ l0U f3 Nefc I ~~~rfc, t~`Y if)t}11 DA'1'i? OF ACC:i?PTA~("1 I'012 PILING: MARCH 17, 2015 I'1115 O1~ 1~1~,12tN( PLAN MAY 13I~~ USI+;D t~'OR l2 ~1ON"1'IIS I~ROYI 'T11I; 1)A'I'I~, O}~ ACCia,t''I'i1NCI T012 I+ILIN( UNI~ISS 1sXTF,Nll[~;ll 13Y ANII~;NDM[?N1'. 5[~;I~~ I'At[~; 1 1%t)12 4['I~,C'Lhl, RISI<:~r't 01'L1R(:I.IASIa,125 [3L~;t i[ ~~I SP()i~SC)I2 I5 l2G'1"AI~Ii~(~ "I'I~I; [NC'()i~D17'1()N,AI. IZI(iH'I' "I'O I2[+;N7' I2.1"I`FfI~;Id "FFAi~i SF,LL C;?vI"TS, 'CIIIS t'L/ti llAl' NC)`1' Iti~';~l,L'I' IiV 7~ElI; C:Itt~;~t`I,If?V OIL A Ct)~'1)011ItiIU41 I1V 4VFIICI3 ~~ ;~IAJUI2IT'Y (71A' r['FII+, ~`:~1`PS ~OI2I~; ()tt'h'I?17 }3Y O~1 ~1'R-()C'C;l1YAi~T'S ()R I~~%I5`I'<)It~ EJNRI?I,A'CF~;I) "I'C? Sl'~1~TSnI2. (SF,I1 ~;PI±;CIAI. RISKS 4I~:-f"F(()N O6' THI, l'L_~ ti.} "]'I{IS O1'FF,I2I'.`J(i t'L,.hN IS '1'111: (~;n"I'II2i~; OI~I~I%;R `l'O S[;LI. T3IL'SI~~ C:ONDO~'~IINIUi~ UNITS. NrW YC)I2i{ I,r1ti' I~I:QUIRF ~ SPON50I2 '1'O DISC,'L,()51 AI,I~ MAT1~,121A1~ INFOItiW1A'I'IC)N IN 'CEIIS I'LAPv~ ANI) 7'() FILE "I'IIIS I'L.<~ ~VCI`I[ "I`III~ NI~~W YUI21C S'CATF, 1)GPA12"I'l~~tI~NT QF~ LAW PRIC)R 'T(} SELLING UR ~FFI:RIi~TG TO SPLL A~'Y CONllO~I1Nl[ 1I UNIT. I~(LItiG ~VI"I'II "III[? DI~,P~4R`I'I~T1 ~'C <)I' LA~V DOIt:,S NO'P 1~1I,AN `I~F~f11' "I'III'; ll1~;PAR"1'I~IT~.N`I' Olt. AN1' O`I'III;R C~OVI~,R~V1~11+N"I' A(,1?NCY 11 ~S t~PPROVIs'D 7'lllg O[+[^GR1NG. TABLE OF C01"Tl: ~ TS SPECIAI. RISKS INTRODUCTION................................................................................................................................ 21 CF,RTAIN DEFINITIONS ...................................................................................................................29 LOC'ATIO~# ANI7 AREA INFORMA`I'IC)I~I ....................................................................................... 39 SCHEDULE ~ OFFERING PRICES AND RELATED INFORMATION ........................................42 F(~C)Tl't10TES TO SCHEDULE: A ......................................................................................................48 SCE-~EI~GLE 8 .....................................................................................................................................53 FOOTNOTES TU SCHEDULE F3 .......................................................................................................55 COMPLIANCE WITH REAL PRnI~ERTY LAW SECTION 339-i .....................................~............ Ci3 CFIANCES IN PRICES ANd UtvITS .................................................................................................65 ~C:,COUNTAN~I''S CERTIFIED STATEMENTS (~F OPERATIONS...............................................70 RCG}-lTS nF EXISTING TENANTS ...................................................................................................95 ClBLIGATInNS (7F OWNERS OF Ui~i1TS OCCUPIED BY NON-['UEtCHASINU T~Etv'ANTS .......102 INTERIM LFASES ........................................................................................................................................................105 PROCEDURE TO PURCHASE........................................................................................................ 1~6 ASSTGNMEIvT C7F PURCHASE AGREEMENTS ..........................................................................118 EFFECTIVE DATE ........................................................................................................................... l l y 'I'FRMS OF SALI? ............................................................................................................................. 122 UNIT CLOSI?~iCr C`aS'I`S, E~~ES AND AL}.IUSTMEiv~'I'5................................................................. I26 RIGHT'S ANI~ OBLIGATIONS OF SPONSOR ................................~.................~............................ 132 CONTKOL BY SPONSOR ............................................................................................................... 135 BOARD(~F MA~~AGFRS ................................................................................................................ 137 RIGI-ITS A:ND OBI,IGAT'IONS OP UNIT O~UNIRS AND I30AKD OF MANAGERS................ 1.42 REAL ESTA"I"E Tt~XES.................................................................................................................... 160 INCC)M~ "I'AX I~F~~DUC'TI~NS fI'O UI~tT C}t~JNEI2S AI`~iD TAX STATUS OF CONDOMINIUM .............................................................................................................................. 162 ~V0~2KING CAPITAL I'Ul~`D; CLOSING ADJUSI~MENTS WITEI C'ONI~C}MINIUM BC)AKI7.............................................................................................................................................. 17I RESERVE FUN[J .............................................................................................................................. 173 MANAGEMENT AUIZ~EMEN'I~, CQNTKACTS ~I~1D LEASES ..................................................175 IC~FN"I`ITY OF PAItTIE~ .................................................................................................................. 1.77 SPONSOR'S PROFIT ....................................................................................................................... 1.81. 12EF'(>R'I'S TO UNIT C)~I~EI2S........................................................................................................ 1.82 I~C)C`U1~1~N"I`S ON I-'IL.I' ................................................................................................................... 18> CEN~RA L ......................................................................................................................................... 184 S~'(~NSC7R'S STA~I'fM~~N"1. ~C` t3UII.I)1NG COI~~UE~I'ION ............................................................186 i Part li Dc~citment Num~~r 1 - PURC'~~ASE AGF2EEMENT ........................................................................191 Document Number 2 - PC)WER OF ATrI'ORNEY ............................................................................22.7 L7c~cume~~t Irlum~er 3 - F~E~M OF GONI~OMINIL)M U~`~IIT I~[ _t [)................................................229 Docun~~nt Number 4 - L}ESCRIP'ITIO~'(JI~ PI:OP~RTY ~1~D F3~IILDII~'G CC)NDITION ............233 Document l~ umber 5 - FLOOK PLANS ............................................................................................ 295 L)ocuine~~t ~iutl~ber 6 - ASl3EST'(~S REPC7I2"I' .................................................................................. 347 Daclrment N~znlber 7 - D~'CLAKA'T10N OF~ THE 36(} C"FNT'RAL PARK WEST CONDOMINIUM .......................................................................................381 Document ~Iu~nber 8 - BY-LAWS OF 1'HB 360 C`ENTRA[~ PA12K NEST CONI)t~MINIUM .............477 Document Number 9 - RESERVATIC7N <)F IZIGII'I'S AND HALLWAY LICENSE AGRE~IvIFNT .............................................................................................533 Dc~cutnent Number 10 -RESERVE FUND LAW .............................................................................54I Document l~runlber i l -GENERAL, BUSINESS LAW § 352-eee ................................................... 545 I7ocum~nt Ntx~7~be~r 12 -LEASE: TENANCY TERMINATION ~GREE~MENT .............................. 549 Document Numbc;r 1; - "I'EN~NT PROTEC~TIOl`~ I'L,AN ............................................................... 555 CERTIF[CA"I'I(~NS (i} Sponsor end Sponsc'~>r's F'ri~7cipals ...........................~... ............................................................SEAS (ii) Spans<~r's Architect .................................................... ............................................................569 (iii} Sponsor's Expert C~ncertlin<~ Aciec~uacy of Budget . ............................................................ 571. SPECIAL RISKS Tne special risks summarized below are explained more fatty in other Sections of the Ptan. Prospective Purchasers should therefore read the entire Pian to completely understand
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