AFFIDAVIT FOR NEW YORK CITY TRANSFER TAX

AND NEW YORK STATE REAL PROPERTY TRANSFER TAX

STATE OF ___________ } : ss.
COUNTY OF _________ }

_________________________ being duly sworn, deposes and says:

1. 1am the _______________________ of _______________________ the Purchaser(s) of Unit under the terms of the Offering plan (the "Offering Plan") to convert the premises known as _______________________ New York, New York, to condominium ownership. I am making this affidavit in connection with such purchase.

2. Pursuant to the terms of the Offering Plan and the Purchase Agreements executed pursuant thereto, the purchaser of each unit has agreed to pay the New York City Real Property Transfer Tax ("NYCRPT Tax") (in the amount of 1% of the total Purchase Price) and the New York State Documentary Stamp Tax ("NYS Transfer Tax") (in the amount of $2.00 for every $500.00 of the total Purchase Price or part thereof). The consideration set forth on Line 1 of Schedule 1 and on Line 15 of Schedule 3 of the Real Property Transfer Tax Return for the subject transfer is an "Adjusted Total Purchase Price" which reflects the purchaser's payment of the NYCRPT Tax and NYS Transfer Tax. The Adjusted Total Purchase Price, the NYCRPT Tax and the NYS Transfer Tax, which are due on the transfer of the Unit are calculated as follows:

a) 1.4% x ________________ (Purchase Price)
Additional Consideration _____________

b) Total Purchase Price ______________

c) Adjusted Total Purchase Price: (a) + (b) =____________

d) 1% x Amount in (c) ______ _________
Adjusted Total Purchase Price NYCRPT Tax ___________

e) .4% x Amount in (c)_______________
Adjusted Total Purchase Price NYS Transfer Tax _______

f) TOTAL Tax Due: (d) + (e) = _____________________

 

__________________________
Signature

 

Sworn to before me this

____ day of _____, 19__

____________________