4 Albert Drive Condominium

Key facts from 4 Albert Drive 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

4 ALBERT DRIVE CONDOMINIUM

Units / lots

At least 2 units (numbers not clearly stated, inferred from Exhibit B) (Exhibit B, Pages 26-27)

Developer / declarant

4 ALBERT LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, Article 1, Page 2)

Assessments & dues

Board fixes budget annually; total requirements assessed pro rata according to common interest (By-laws, Article VI, Section 2, Page 17-)

Special assessments

Allowed, levied and paid in same manner as regular assessments; Board may vote special assessment to meet additional necessary expenses (By-laws, Article VI, Section 2, Page 18;)

Collections & liens

Unpaid common charges constitute a lien on unit; Board shall foreclose if unpaid 90 days from due date; priority: tax liens and first mortgage superior; Board may purchase unit at foreclosure (Declaration, Article 12, Page 7; By-laws)

Reserves & fees

Not explicitly required; budget may include reserves (implied) (By-laws, Article VI, Section 2, Page 18 )

Pets

Implied allowed; but pets shall not cause disturbances or nuisances (By-laws, Article VIII, Section 3, Page 2)

Leasing & rentals

Yes, but subject to Board's right of first refusal and payment of all unpaid common charges before transaction (By-laws, Article XI, Section 1, Page 22)

Parking & vehicles

Commercial license plate vehicles not to be parked on property for more than 24 hours (By-laws, Article VIII, Section 8(e), Pag)

Architectural approval

Yes for structural alterations, exterior painting, fences, gates; Board consent required for any alteration impairing structural soundness (By-laws, Article VIII, Sections 6 and 8()

Maintenance

Unit Owner responsible for interior repairs and replacements; Board responsible for common elements, snow plowing on roadways; Board may perform owner's necessary repairs at owner's cost after 10 days notice (or shorter in emergency) (By-laws, Article III, Section 6, Page 14)

Insurance

Full replacement value of buildings; fire insurance with standard mortgagee clause; public liability insurance single limit (amount not given) (By-laws, Article VII, Section 1, Pages 1)

Use restrictions

All units shall be used for residential purposes only; occupancy restricted to residential occupancy per zoning (By-laws, Article VIII, Section 2, Page 2)

Voting & meetings

Unit Owners have one vote per percentage of common interest for general matters; for Board elections, each Unit Owner is entitled to two votes (one per Board seat) (Declaration, Article 8, Page 6; By-laws,)

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