5 Albert Drive Condominium

Key facts from 5 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

5 ALBERT DRIVE CONDOMINIUM

Developer / declarant

5 ALBERT LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration: 'pursuant to Article 9-B of)

Assessments & dues

Board of Managers fixes Common Charges at least annually based on budget (Bylaws Article VI Section 2: 'Board of M)

Special assessments

Special assessments levied and paid in same manner as regular assessments (Bylaws Article VI Section 2: 'Special as)

Collections & liens

Lien on Unit for unpaid Common Charges; foreclosure after 90 days past due; Board may purchase Unit at foreclosure sale (Bylaws Article VI Sections 2 and 3; Decl)

Reserves & fees

Board shall establish and maintain Reserve Fund (Bylaws Article III Section 5(q): 'To est)

Voting & meetings

Each Unit appoints a Manager who votes in person or by proxy; one vote per Unit (Bylaws Article II Section 5: 'each Unit )

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