101 West Street Condominium

Key facts from 101 West Street Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title)

Legal name

101 WEST STREET CONDO

Developer / declarant

ACE BUILDERS NY LLC (Page 1, Declarant line)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Declaration first paragraph)

Assessments & dues

Board determines Common Charges and Special Assessments based on budget and Common Interests (By-Laws Section 2.4(iv)(v) and Article 6)

Reserves & fees

Board may create reserve, contingency, or surplus fund via Special Assessment (By-Laws Section 2.5(ii))

Maintenance

Unit Owner responsible for interior of Unit (walls, ceilings, floors, fixtures, windows, doors) and for Limited Common Elements; Association responsible for Common Elements as Common Expense (By-Laws Section 5.1(A))

Insurance

Board may determine deductible amounts (By-Laws Section 5.4(C) last sentence)

Use restrictions

Units may be occupied only by owner, family members, guests; no transient occupants; no sale/lease of portion of unit (By-Laws Section 5.7(B))

Voting & meetings

Presence of all Unit Owners in person or by proxy at meetings (By-Laws Section 4.5)

Amendments

By vote of all Unit Owners; certain amendments require mortgagee consent (51% of eligible mortgage holders); Sponsor reserves right to amend for errors and omitted portions if certified by architect/engineer (Declaration Article 19)

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