2409 Ocean Avenue Condominium, Inc.

Key facts from 2409 Ocean Avenue Condominium, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

2409 Ocean Avenue Condominium, Inc.

Developer / declarant

2413 Ocean Realty LLC (Declaration page before Art.1)

Governing law

Article 9-B of the Real Property Law of the State of New York (Art.1, p.7)

Assessments & dues

Board determines Common Expenses and allocates Common Charges among Unit Owners according to their respective Common Interests (By-Laws Art.VI, Sec.1)

Reserves & fees

Reserve fund established equal to 10% of projected annual budget (By-Laws Art.II, Sec.2(r))

Maintenance

Board maintains Common Elements; each Unit Owner maintains his/her Unit and appurtenant Limited Common Elements in good repair (By-Laws Art.VI, Sec.10 (from Table of Co)

Use restrictions

Each Residential Unit may be used as a residence only (Declaration Art.7)

Voting & meetings

One vote per 1% of Common Interest on most matters; for Board election, one vote per 0.01% of Common Interest per member to be elected, no cumulative voting (By-Laws Art.III, Sec.8)

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