Dear Shareholders and Residents:

On behalf of the Board of Directors, I am pleased to introduce you to

Waihung Ma as your new building manager. Waihung will be replacing Jane

Edralin beginning on Monday, April 2, 2012.

With more than 20 years of experience managing cooperative

buildings throughout New York, Waihung has been with MAXX Properties for

the past 11 years. While at MAXX, Waihung has effectively overseen several

large exterior restoration projects, and is quite familiar with the kind of

project that your building will be soon be undertaking.

Besides maintaining your building’s physical systems and appearance,

Waihung is committed to providing you with friendly, quality service. He

plans to work closely with you, your staff and your board to insure that

repairs and other building issues are addressed in a timely, responsive way.

Finally, it’s worth mentioning that because Waihung lives in Jackson

Heights, he is a neighbor who understands the area’s unique charm. And

because he lives close by, Waihung can be on-site quickly in the event of an

emergency or any other urgent situation.

Waihung’s direct office number is (914) 899-8032. While he regularly

spends time at the buildings he manages, you can also contact him by

email at Waihung.Ma@MAXXProperties.com. If you do not have access to

email, feel free to reach out to him via your building’s administrative support

person, Angela Marricco, at (914) 899-8084.

Lastly, please feel free to contact me with any issues or concerns.

Sincerely,

Maria Valente