Preview
FILED: KINGS COUNTY CLERK 04/27/2017 09:35 AM INDEX NO. 510844/2016
NYSCEF DOC. NO. 106 RECEIVED NYSCEF: 04/27/2017
SI-I I:I;Ptif-IE;\TJ RF..S'1'~\URr1N'1' ASSOCIr\"1'E~,S [NC
C/O P~1N I3RU'1'1-11:RS ~\SSC~CI~~"l'ES INC
~~ ~~~~~s•r z3~<<~ S"1'RF:L'1~, svi'rr ~E~~• ~•ox~:, v~• ioriio
~i~:~ t 2-~~~-2000/r:2t~-ac~~>-s~~s
August 19, 2416
Lundys Management Corp
540 Atlantic Avenue
Brooklyn, NY 11217
Dear Mr. Pappas:
Enclosed please find a Tax and Insurance escrow analysis as of July 3i, 2016.
In summary, there is a Tax Escrow Overage amount of $26,303.07 available for Credit and an Insurance escrow
deficiency in the amount of $3,854.01 which needs to be paid. In total there is $22,449.06 available far credit(The Net of
Taxes and Insurance).
Your new monthly payment beginning 811116 is as follows:
Tax Escrow $ 34,206.94
Insurance $ 811.53
New Monthly payment beginning 811116 $ 35,018.47
The new escrow payment amount is the amount that Astoria Bank escrows from Sheepshead Restaurant Associates
Inc. Going forward ail escrow charges and analysis will be based on the Astoria Bank analysis.
Please feel free to call with any questions.
Thank you.
R p ctfull,
i r~
David Rizzuto
As agent for
Sheepshead Restaurant Associates Inc.
FILED: KINGS COUNTY CLERK 04/27/2017 09:35 AM INDEX NO. 510844/2016
NYSCEF DOC. NO. 106 RECEIVED NYSCEF: 04/27/2017
~a~rsMrtog.em.m
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------_.
._ __.~. _ _ _.._ -- -- --- ... _ -- - -- -- ~ -- '- —_
6/3/2016 OAO~
_ __. ~__ 711/1016_ OOOI ..,_ _ _..._._
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~QerAttorl~ Fadenl escrow psY pant attad~M
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axes __.— _~3 _4;206.9~~ __ ,r._-,.. --- _ _- --
- -
duhPtt~ _ ~ _ 811.591 -- ----- -. __--..
FILED: KINGS COUNTY CLERK 04/27/2017 09:35 AM INDEX NO. 510844/2016
NYSCEF DOC. NO. 106 RECEIVED NYSCEF: 04/27/2017
ASTOR tA ~~~
BANK ~ ~'~
I
Muftlfamify! Commer~ctal Rael Esmle Lending
Ona Jericho Plaza,SuRe 3~4, Wing B
Jertcho,INY 117b3
P {516)535053 Fe~c (518 984.173
Sheepehead Restaurant Associates Inc. ACCOURJT NO 87-66Q1170
C/O Pan Brothers Associates, Inc DAT& OF AN1 8/09/2D16
14 Weat 23rd Street SCHSDIILS Di 10/D1/2016
Drew York, NY 10010
Thia is your Aanual Secrow Disclosure statement. Please note the effective due date o! your naw month y
payment. The follrnring ie provided to help yw understand the analysis. Required Sscrow =Amount ne ded in
escrow; $xpected Balance 4 Current $arrow Balance plus all escrow collected before the nsw payment of ective
date] Surplus/Shortage = Aifference between Required Secrow & &xpected Balance. Shortage are i.dentifj. by
minus sign and are auto~natiaally spread over Chree monthly payments. Change Art~ount a Difference bettyei~ old
and new payment. SURPLUSS$ AR8 NOT AUTOMATYCALLY RSPUNDSD. PLBASB SiJBMiT NRIT]~I REQII89T POR ANY BURP U3.
Listed under the "Amount" are Annual Taxes plus one month escrow cushion.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - I- - - - -
MONPHLY DIBB MOS. REQU7RED aXPEC SALANCB
VSNBOIt AMOiJNT CALL AMOU2YP DATE RBQD F.SCR4W HAL11N B DIFP~RSNCS
C006 BROOKLYN 8 410,483.29 + 34,206.44 O1f01/17 03 102,620.82
TOTAL TAXES 410,A83.29 34,206.44 102,620.82 137,584. 3 34,963.71
187 MARCF~'i'PI 9,738.36 + 811.53 06/07/17 04 3,246.12
TOTAL INSLTRANCS 9,738.36 811.53 3,246.12 i,aea. 2 1,761.20-
ACCOUNT TO'PAL 420,221.65 35,018.47 105,866.94 139,069. 5 ~!3,'•.;.';
aSCROW CALL CONSTANT - MONT'H SHORTJ9[k2P NSW CONSTANT
MONTlii~Y OLD MONTHLY CONSTA23T CAAN(ia AMu~..l
TAXES 34,206.94 .00 34,206.94 33,300.62 906.32
INSUF{ANCB 811.53 587.07- 1,398.60 656.37 792.23
8P $9CROW .00 .00 .00
LOSS I1RAF'C .00 .00 .00 .00 .00
ESCROW 5 .00 .00 .00
35,605.59
SSOINNINCi WI7'1i 77i$ PAYMSNfDUS 1OJ01/2016 BSGINNIIIi' WITH T2IS PAYMBNT TN7S 01/01/2017
YOUR MONTHLY PAYN!&N'C WILL B& AS FOLLOWS: YOUR MQNTHLY PAYMENT WILL BB FOLIAWS:
Escrow ~ 35,605.54 Barrow 35,018.47
Principal & Intere8t 16,456.30 Principal & Tntereet 16,458.30
Rounding .45 Rounding .45
Total Payment Sa,064.29 Total Payment 51,477.22
9heepahead Restaurant Associates Inc.
IE you have any qupations please contact us 1-877-237-5259 or by esnAil6 GMB-CR83ervicing~astoriabank com
Preview
FILED: KINGS COUNTY CLERK 04/27/2017 09:35 AM INDEX NO. 510844/2016 NYSCEF DOC. NO. 106 RECEIVED NYSCEF: 04/27/2017 SI-I I:I;Ptif-IE;\TJ RF..S'1'~\URr1N'1' ASSOCIr\"1'E~,S [NC C/O P~1N I3RU'1'1-11:RS ~\SSC~CI~~"l'ES INC ~~ ~~~~~s•r z3~<<~ S"1'RF:L'1~, svi'rr ~E~~• ~•ox~:, v~• ioriio ~i~:~ t 2-~~~-2000/r:2t~-ac~~>-s~~s August 19, 2416 Lundys Management Corp 540 Atlantic Avenue Brooklyn, NY 11217 Dear Mr. Pappas: Enclosed please find a Tax and Insurance escrow analysis as of July 3i, 2016. In summary, there is a Tax Escrow Overage amount of $26,303.07 available for Credit and an Insurance escrow deficiency in the amount of $3,854.01 which needs to be paid. In total there is $22,449.06 available far credit(The Net of Taxes and Insurance). Your new monthly payment beginning 811116 is as follows: Tax Escrow $ 34,206.94 Insurance $ 811.53 New Monthly payment beginning 811116 $ 35,018.47 The new escrow payment amount is the amount that Astoria Bank escrows from Sheepshead Restaurant Associates Inc. Going forward ail escrow charges and analysis will be based on the Astoria Bank analysis. Please feel free to call with any questions. Thank you. R p ctfull, i r~ David Rizzuto As agent for Sheepshead Restaurant Associates Inc. FILED: KINGS COUNTY CLERK 04/27/2017 09:35 AM INDEX NO. 510844/2016 NYSCEF DOC. NO. 106 RECEIVED NYSCEF: 04/27/2017 ~a~rsMrtog.em.m .- ~ _- a~lau3o I_ ^. __. - -- - orthll Q 3/fl]6_.. _ -- -- ~~be9pWsodTgMym~hq~_ nd~ Ta Esuow Payments ,._._ 30,7la.S14 _ .--- ..._L~i __..,.~~ ._. ~.—..~.. -- _ -. ._..__ -- 311~m16 3073351 — -,..._. ~. _ M x/1/7016 3q713.51 __ _ _ .. ~16; 90,7]3.51 Ps~rtnent to 00f _ ,li2.i39.19 _ '— - 7~1/7p18i 36.657.65 .o ~ -..__,.. -•--.-- ---_ -. Lnipild tony[do1RUStxTowSHOkTFALL~l/1/1L --- ,i• -- ~r'~~ - __. _~_.. now 2 mantfif lan x,X014 We uIY snd Aud~~, ; _:_.~ --- - ._._ ~ i - ~73A9 _ ______ Mtescrowregviredafe(7/31/16toP~Y ~--u- -- ._ talrequtrcdtarHcatEriate Tu~O7J31/16 ---~ ~ _ 1l1,63S.i0 ---_~— _ .. _. ,tALTenantesaowPaymerKstbm{yh7/1/16..- . ?~ 7~' -_.._ ----- --._, .._.--. -- -.__ _.. _.~__... _..,...__..._ ._. __ ---..._ ~. ~ r .... ._~ _ .. ~ _.~_ .... _.~.-- -- __ x Esaow ovara~e ~sof713!/16 r---- _ ~i,7m.oi- — -. - ~hlTaxrsdua3~/311f0~ffiJt00F~SmanttsWll?~/3k) - r- ~ - .. _ ---. __. ~~ itilwwproeacdau~ouuneml7 ~.. .. _ ~,~?~l_ _.._.~._._._.~-- ..~.`_.. +glFuadsr t~top~ytmstlttou~h6/lOI37 ~ ~__~ ~__ 3b7107.47~ .._ ,._._._..... gtEwow~lnae~lsbqlnnlnauul+6 - -- 30617.29 LLIQ~ilnwRnce fstTOW Piymtnt[ ~ ~ _. '_' __. ___ _ ~ ~... J _ __. ._ _~ ~1/1/2036_ 545.83 Esna~r d~ordaU 1/1/36_ .! 3~OSS). ~_ _. ._ T 2(~/2016i~_1,509.43.. _ _ - _.. X161__ iSW~3~ ~1 16~ I 43:P~Idrdf91hto1nwranca ~017,Qq ------_. ._ __.~. _ _ _.._ -- -- --- ... _ -- - -- -- ~ -- '- —_ 6/3/2016 OAO~ _ __. ~__ 711/1016_ OOOI ..,_ _ _..._._ _ _- _...~ -- - .. ~~u- ~ ----- - -- ---- K01 pUd to Irtwrana!company PLUS SNONTFAII~l 1/16 ~ ' ~1C~17.S6I _ ---- -- - --•- iWlnwrmcaWllm~AsnoeiwdhomTenant 6.56355 ---- -~ -- --~ ---- dtlTanaMl~uuranc~~swowdefldencY~.T/3 16 --. ~ -_~.._ ...._ __._ Al .~ _. ._ wJeRed uiwnnca aue al:ou_ _ ,__ --- _ --*--. .~ _ ~A0' _ _ -- _ -- - . ~----- -w~anccaaowPaY~tsbeRlnnM8!/i/16. .. ...- _ ~ ...__.W._ .. ~.. __ _.. __..__ ~__~ -~-- - ~QerAttorl~ Fadenl escrow psY pant attad~M lW efitOMrpMnMtcIfKUY9 3J~8 .. axes __.— _~3 _4;206.9~~ __ ,r._-,.. --- _ _- -- - - duhPtt~ _ ~ _ 811.591 -- ----- -. __--.. FILED: KINGS COUNTY CLERK 04/27/2017 09:35 AM INDEX NO. 510844/2016 NYSCEF DOC. NO. 106 RECEIVED NYSCEF: 04/27/2017 ASTOR tA ~~~ BANK ~ ~'~ I Muftlfamify! Commer~ctal Rael Esmle Lending Ona Jericho Plaza,SuRe 3~4, Wing B Jertcho,INY 117b3 P {516)535053 Fe~c (518 984.173 Sheepehead Restaurant Associates Inc. ACCOURJT NO 87-66Q1170 C/O Pan Brothers Associates, Inc DAT& OF AN1 8/09/2D16 14 Weat 23rd Street SCHSDIILS Di 10/D1/2016 Drew York, NY 10010 Thia is your Aanual Secrow Disclosure statement. Please note the effective due date o! your naw month y payment. The follrnring ie provided to help yw understand the analysis. Required Sscrow =Amount ne ded in escrow; $xpected Balance 4 Current $arrow Balance plus all escrow collected before the nsw payment of ective date] Surplus/Shortage = Aifference between Required Secrow & &xpected Balance. Shortage are i.dentifj. by minus sign and are auto~natiaally spread over Chree monthly payments. Change Art~ount a Difference bettyei~ old and new payment. SURPLUSS$ AR8 NOT AUTOMATYCALLY RSPUNDSD. PLBASB SiJBMiT NRIT]~I REQII89T POR ANY BURP U3. Listed under the "Amount" are Annual Taxes plus one month escrow cushion. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - I- - - - - MONPHLY DIBB MOS. REQU7RED aXPEC SALANCB VSNBOIt AMOiJNT CALL AMOU2YP DATE RBQD F.SCR4W HAL11N B DIFP~RSNCS C006 BROOKLYN 8 410,483.29 + 34,206.44 O1f01/17 03 102,620.82 TOTAL TAXES 410,A83.29 34,206.44 102,620.82 137,584. 3 34,963.71 187 MARCF~'i'PI 9,738.36 + 811.53 06/07/17 04 3,246.12 TOTAL INSLTRANCS 9,738.36 811.53 3,246.12 i,aea. 2 1,761.20- ACCOUNT TO'PAL 420,221.65 35,018.47 105,866.94 139,069. 5 ~!3,'•.;.'; aSCROW CALL CONSTANT - MONT'H SHORTJ9[k2P NSW CONSTANT MONTlii~Y OLD MONTHLY CONSTA23T CAAN(ia AMu~..l TAXES 34,206.94 .00 34,206.94 33,300.62 906.32 INSUF{ANCB 811.53 587.07- 1,398.60 656.37 792.23 8P $9CROW .00 .00 .00 LOSS I1RAF'C .00 .00 .00 .00 .00 ESCROW 5 .00 .00 .00 35,605.59 SSOINNINCi WI7'1i 77i$ PAYMSNfDUS 1OJ01/2016 BSGINNIIIi' WITH T2IS PAYMBNT TN7S 01/01/2017 YOUR MONTHLY PAYN!&N'C WILL B& AS FOLLOWS: YOUR MQNTHLY PAYMENT WILL BB FOLIAWS: Escrow ~ 35,605.54 Barrow 35,018.47 Principal & Intere8t 16,456.30 Principal & Tntereet 16,458.30 Rounding .45 Rounding .45 Total Payment Sa,064.29 Total Payment 51,477.22 9heepahead Restaurant Associates Inc. IE you have any qupations please contact us 1-877-237-5259 or by esnAil6 GMB-CR83ervicing~astoriabank com