853 Carroll St Condominium Corporation

Key facts from 853 Carroll St Condominium Corporation's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 5 - Name of the Condominium)

Units / lots

5 (Tax Lots 1301, 1302, 1303, 1304, 1305) (Recording and Endorsement Cover Page (Pr)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Article 2 - Submission of the Property)

Assessments & dues

Common Charges determined by Condominium Board based on budget, allocated proportionately to Common Interests (By-Laws Section 2.4(A)(iv) (budget adopt)

Special assessments

Allowed; charges allocated pro-rata according to Common Interests (Exhibit C (definition of Special Assessm)

Reserves & fees

Required minimum 10% reserve for capital replacements in each budget; reserve for contingencies limited to 5% of projected annual expenses during Sponsor Control Period (By-Laws Section 2.7 (Veto Rights: Sponso)

Use restrictions

Units may be used only for residential purposes per zoning and Certificate of Occupancy; not more than one family per unit (Article 9 - Use of Units)

Voting & meetings

Each Unit Owner votes in proportion to Common Interest percentage (Exhibit B (Common Interest percentages);)

Amendments

66 2/3% vote of Unit Owners, recorded in Kings County Register's Office (Article 18(a) - Amendments to this Decla)

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