121 Greene Street Owners Corp.

Key facts from 121 Greene Street Owners Corp.'s documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 9-B of Real Property Law) (WHEREAS clauses)

Legal name

GREENE STREET CONDOMINIUM

Developer / declarant

121 Greene Street Limited Partnership

Governing law

Article 9-B of the Real Property Law of the State of New York (the Act) (WHEREAS and Section 1(c))

Assessments & dues

Board prepares budget annually, determines Common Charges, and allocates among Unit Owners in proportion to Common Interest. (By-Laws Article VI, Section 1)

Reserves & fees

Board may establish reserve fund for replacements and to cover deficits. (By-Laws Article VI, Section 1)

Leasing & rentals

Yes, Owners may mortgage, sell, lease, assign, transfer their Units together with appurtenant Common Interest, subject to Declaration and By-Laws, without consent of Board or other Owner. (Declaration Section 9(b))

Home business

Commercial Units (B1, B2, 1, 2) may be used for any lawful purpose at sole discretion of the Commercial Unit Owners. (Declaration Section 7(c))

Maintenance

Roofs are Common Elements except those specifically designated in Plan as part of Units 6A & 6B (residential) and second floor roofs designated as part of Commercial Units. (Declaration Section 1(d)(8) and Section )

Use restrictions

Unit R may be used for residential purposes and permitted incidental uses not competitive with commercial, and not immoral/improper/offensive. (Declaration Section 7(b))

Voting & meetings

Each Unit Owner casts one vote for each 0.1% of Common Interest (rounded) in Common Elements. (By-Laws Article III, Section 8)

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