102-30 Queens Boulevard Owners Corp.

Key facts from 102-30 Queens Boulevard Owners Corp.'s documents

Community type

Condominium (Article 2 - Submission of the Property)

Units / lots

1 Residential Unit (containing 98 apartments), 5 Commercial Units, 2 Professional Units = 8 Units total (Article 6 - The Units)

Developer / declarant

102-30 Queens Boulevard Owners Corp. (Preamble and Article 3 (Name of Condomin)

Governing law

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

Assessments & dues

Not set; determined annually by Condominium Board (Common Charges and Special Assessments) (By-Laws Section 2.3(A)(v) and (vi))

Special assessments

Permitted; Board may levy Special Assessments pro rata or based on special/exclusive use (Exhibit A definition of Special Assessme)

Collections & liens

Condominium Board may enforce liens for unpaid charges; Unit Owner's interest subject to liens; Board may acquire units at foreclosure (By-Laws Article 6 (Default) and Article )

Reserves & fees

Board may establish operating reserve or reserve fund for replacements and deficits (Exhibit A definition of Common Expenses )

Leasing & rentals

Unit Owners may sell, assign, transfer; leasing not explicitly restricted in Declaration (Sponsor has leasing rights for Apartments) (Article 12(d) (sale/transfer); Article 1)

Architectural approval

Unit Owners may make alterations without vote/consent of other owners, but must comply with laws and hold harmless; no express ARC requirement (Article 12(a))

Signs & flags

Commercial Unit Owners may erect signs on exterior walls; Sponsor may place 'for sale'/'for rent' signs; others subject to Rules (Article 10(b) and (c))

Setbacks / home size

Building has sub-cellar, cellar, six stories; not given in feet (Article 5)

Maintenance

Building roof is part of Common Elements (unless otherwise on Floor Plans); Board maintains (Article 7(a)(ii) - 'roofs' in Common Ele)

Insurance

Board obtains insurance for Property including Units; coverage not detailed (By-Laws Section 2.3(A)(ix) and Section 5)

Use restrictions

Residential Unit may be used for any lawful purposes, no immoral/improper use; Commercial Units for retail, business, professional or other lawful use permitted by Certificate of Occupancy (Article 9 - Use of Units)

Voting & meetings

Each Unit Owner votes in proportion to Common Interest (85% Residential, 15% Commercial combined). Sponsor retains certain rights until no longer owns units. (Article 8 - Determination of Common Inte)

Amendments

Declaration amendments require unanimous vote of Unit Owners (except as provided for Sponsor/Commercial Unit changes) and must be recorded. Sponsor has unilateral right to amend for certain Commercial Unit changes without others' consent. C (Article 17)

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