Facilities/Building Information

Date Built                                                       1966
Date Converted                                             August 1982
Total # of Floors                                            7
Total # of Elevators                                       2
Total # of Residential Units                        108 (60 studios, 36 1-bedroom, 12 2-bedroom)
Total # of Commercial Units                      12
Building is 100% Complete                       Yes

Systems & Amenities

Utilities Included in Maintenance               Gas, heat & hot water
Type of Heating                                             Steam
Recreational Facilities                                 Swimming Pool
Storage Available                                          $44/month - possible waitlist
Location/Proximity                                         Walk to train, village, shops, restaurants, schools
Verizon Fios                                                   Yes
Laundry                                                           Yes. Common laundry room on each floor

Pet Policy                                                       No Pets Allowed

Rental Policy                                                Yes. After 1 year of ownership and residency.
All sublets require an application to the Coop Board and are subject to Board approval.  The Coop reserves the right to limit the number of sublet units at any given time.  Furthermore, to minimize over-speculation of rentals, the Coop may question and request termination of any sublease after numerous years.

Financial Requirements

Minimum Income Requirement                   No
Minimum Down Payment                              10% Preferred
Flip Tax                                                              No

Maintenance

Tax Deductible                                                  59%
Property Taxes                                                  Included in monthly maintenance fee

Carpet Policy                                                   80% of apartment, excluding kitchen and bathrooms

Parking

Attached parking lot
No waitlist
Unassigned
Not included in monthly maintenance        $50/month per space
Visitor parking available

Basic STAR

Subject property DOES participate in the STAR program.
Deductions range from $1,200-$1,800 (depending on unit & number of shares).  Exemption amount is credited to maintenance account every month (deduction from monthly maintenance charges).  All Owner occupied shareholders may apply for the STAR Program rebate.

Schools

Elementary:                                                     Park Avenue School
                                                                          John F Kennedy Magnet School
                                                                          Thomas A Edison Elementary School

Middle School:                                               Port Chester Middle School

High School:                                                   Port Chester High School

Managing Agent
Gramatan Management Inc.
Gary M. Gutekunst
2 Hamilton Avenue
New Rochelle, NY 10801
914-654-1414 Tel
914-654-1444 Fax
www.gramatanmanagement.com