1048 Flushing Ave Condominium Association Inc.

Key facts from 1048 Flushing Ave Condominium Association Inc.'s documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title and throughout)

Units / lots

8 (tax lots 1101-1108) (Cover page property data and Schedule A:)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration §1.a)

Assessments & dues

Board prepares budget, determines common charges, allocates among Unit Owners proportionally to their Common Interests; special allocation possible for non-residential units. (By-Laws Art VI §1)

Special assessments

Board may impose special assessments for necessary additional expenses (By-Laws Art IV §2.a (special assessment))

Collections & liens

Board has lien under Real Property Law §339-z; may foreclose on unit for unpaid Common Charges; may purchase unit at foreclosure sale. (By-Laws Art VI §5 and §6)

Reserves & fees

Board may establish a reserve fund for replacements; also a general operating reserve. (By-Laws Art VI §1)

Leasing & rentals

Implied: Board may collect rent from tenant if owner defaults on common charges (Real Property Law §339(kk)); Sponsor may retain units for rental. (By-Laws Art VI §5; Declaration §10)

Parking & vehicles

Parking Units, if any, may only be used for parking of motor vehicles. (Declaration §10)

Home business

Home occupation allowed if permitted by zoning; professional office by resident with Board consent. (Declaration §10)

Signs & flags

Sponsor has easement to erect signs for advertising sale of Units and leasing of space. (Declaration §12.c)

Maintenance

Roof (excluding terraces) is a Common Element – maintained by Condominium. (Declaration §8.a.ii)

Use restrictions

Units may be used for private residential use, or for home occupation permitted by zoning, or professional offices by resident with Board consent. (Declaration §10)

Voting & meetings

Each Unit Owner casts one vote per .01% of Common Interest on all matters; for Board elections, one vote per .01% per member to be elected. (By-Laws Art II §7)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.