2929 Brighton 5th Street Condominium Association Corp.

Key facts from 2929 Brighton 5th Street Condominium Association Corp.'s documents

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

Community type

Condominium (Declaration, FIRST: Submission of Proper)

Legal name

2929 Brighton 5TH Street Condominium Association Corp.

Units / lots

30 (20 residential, 10 parking) (Article THIRD (a), [[PAGE 10]] and Sched)

Developer / declarant

BRIGHTON 5TH DEVELOPMENT LLC (Declaration, [[PAGE 7]] (header))

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, FIRST: Submission of Proper)

Assessments & dues

Board of Managers annually fixes budget and levies common charges pro rata according to common interest percentages (Article EIGHTH, [[PAGE 14]]; By-Laws Art)

Special assessments

Permitted; levied and paid same as regular assessments (By-Laws Article VI Section 2, [[PAGE 37])

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all liens except taxes and first mortgage; foreclosure like a mortgage on real property (Article TWELFTH, [[PAGE 15]] and [[PAGE )

Reserves & fees

Board may create reserve fund; while Sponsor holds 5% or more common interest, Sponsor's written consent required to assess for reserve fund (By-Laws Article III Section 5(c)(ii), [[)

Architectural approval

Written consent of Board required for any alteration or addition to exterior of Unit, and for any alteration impairing structural soundness (Article SEVENTEENTH (c), [[PAGE 17]])

Signs & flags

Only Sponsor may erect and maintain signs at the Building during its period of ownership (Article EIGHTEENTH, [[PAGE 18]])

Maintenance

Board of Managers (common element) (By-Laws Article III Section 6, [[PAGE 32)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief on the Building including all Units and fixtures, covering Condominium, Board, Unit Owners, and mortgagees, at full replacement value (By-Laws Article VII Section 1, [[PAGE 38)

Use restrictions

Each Unit shall be used as a residence only; Sponsor may use for sales offices and models during ownership (Article EIGHTEENTH, [[PAGE 18]])

Voting & meetings

One vote per unit owner for each unit owned (Article EIGHTH, [[PAGE 14]]; By-Laws Art)

Amendments

By instrument executed by Board upon vote of 80% of Unit Owners; changes to parcel, charges, or voting rights require unanimous consent of record owners and first mortgagees (Article TENTH (b), [[PAGE 14]] and [[PAG)

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