www.bmkr.com

January 29, 2006

To: Stockholders of 350 Bleecker Street Apartment Corporation

Re: PERSONAL INCOME TAX INFORMATION FOR 2006

          Pursuant to the provisions of Section 216 of the Internal Revenue Code, a tenant
stockholder of a cooperative housing corporation is entitled to an itemized deduction for
a proportionate share of interest and real estate taxes paid or accrued by the housing
corporation.

          These deductions are available only if you itemize deductions on your personal
income tax return. If you owned your shares for less than the period shown above, you
must prorate your deductions; otherwise multiply the number of shares owned by you, as
indicated on your stock certificate, by the amount per share stated below.

          *If you have received any real estate tax abatements such as the New York City
Co-op and Condo Tax Abatement, School Tax Relief (STAR), Veterans
Exemption, Senior Citizen Exemption or the NYC $400 Real Estate Tax Rebate,
you must reduce your gross real estate tax deduction by those amounts.

          If you have any questions, please consult your tax advisor, we cannot provide tax
advice to individual shareholders.

          For the calendar year 2006, your Per Share deductions are:

Sincerely,

Blancfield, Meyer, Kober & Rizzo, LLP