233 East 69th Street Owners Corp.

Key facts from 233 East 69th 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 1, Submission of Property)

Legal name

233 EAST 69TH STREET CONDOMINIUM

Units / lots

3 (Residential Unit, Commercial Unit, Garage Unit) (Article 5 - Definitions; Article 6 - Uni)

Developer / declarant

233 EAST 69TH STREET ASSOCIATES

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, first paragraph)

Assessments & dues

Based on percentage of Common Interest, except special allocations for heat/hot water, etc. Budget must be adopted with at least one vote from Residential and one from Commercial manager. (Article V, Section 1; Declaration Articl)

Special assessments

Requires consent of Residential Unit Owner and more than 50% of Commercial/Garage interests (Article II, Section 2 (last paragraph))

Collections & liens

Unpaid Common Charges constitute a lien on the unit; may be foreclosed like a mortgage. Purchaser at foreclosure not liable for prior charges. (Declaration Article 18; By-Laws Article )

Reserves & fees

Board may include amounts for general operating reserve, reserve fund for replacement, working capital. (Article V, Section 1)

Insurance

Unit owners may carry own insurance but must include waiver of subrogation. (Article V, Section 2 (last paragraph))

Voting & meetings

Residential Unit Owner (Apartment Corporation) elects 4 board members; Commercial and Garage Unit Owners together elect 3. Each Unit Owner votes in proportion to Common Interest. (Article II, Section 1; Article III, Sect)

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