3 Centerock Road Leasehold Condominium

Key facts from 3 Centerock Road Leasehold Condominium's documents

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

Community type

Condominium

Legal name

3 CENTEROCK ROAD LEASEHOLD CONDOMINIUM

Units / lots

4 tax lots assigned to Condominium (Exhibit B header: Block and Lots 64.7-1-)

Developer / declarant

MONTEFIORE HEALTH SYSTEM, INC.

Governing law

Article 9-B of the Real Property Law of the State of New York (Title, recitals)

Assessments & dues

Common Charges determined by Board based on estimated Common Expenses, allocated according to Common Interest percentages (By-Laws Sec. 6.1)

Special assessments

Board may levy special assessments for Common Expenses (By-Laws Sec. 6.1.4)

Collections & liens

Board may file statutory lien for unpaid Common Charges and foreclose (By-Laws Sec. 6.5)

Reserves & fees

Late charge not to exceed 4% of unpaid amount; interest at maximum rate permitted by law (By-Laws Sec. 6.5)

Leasing & rentals

Yes, Unit Owner may lease Unit subject to Lease terms (Article 23, By-Laws Sec. 8.1)

Maintenance

Roof is Common Element (Section 8.4.2) (Article 8.4.2)

Insurance

Board shall obtain fire, extended coverage, and other insurance for Leasehold Property including Units (By-Laws Sec. 6.2)

Use restrictions

No; non-residential use exclusively (Article 10: "devoted exclusively to non-)

Voting & meetings

Vote per Unit based on Common Interest percentage; amendment requires 66-2/3% in number and Common Interest (Declaration Sec. 18.1, By-Laws Art. 3)

Amendments

Declaration amended by 66-2/3% in number and Common Interest, subject to Lease and Permitted Mortgagee consent (Article 18)

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