84 16 Street Condominium LLC

Key facts from 84 16 Street Condominium LLC's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration Art. 1.1)

Units / lots

4 (Tax Lots 1001-1004, formerly Lot 22) (Cover Page Property Data; Declaration p.)

Governing law

Article 9-B of the Real Property Law of the State of New York (New York Condominium Act) (Declaration Art. 1.1)

Assessments & dues

Board determines Common Charges based on Common Expenses and allocates among Units proportionally to Common Interest (By-Laws Sec. 6.1)

Collections & liens

The Condominium may foreclose liens for unpaid Common Charges as provided in By-Laws Sec. 6.7 (By-Laws Table of Contents (Sec. 6.7); im)

Reserves & fees

Board may levy fines against Unit Owners for late payment of Common Charges (By-Laws Sec. 2.2-2.8)

Leasing & rentals

Yes, but only entire Unit may be leased; no transient tenants (Declaration Art. 8.2)

Home business

Allowed up to 25% of floor area (max 500 sq ft) per Zoning Resolution Section 12-10 (Declaration Art. 8.2)

Use restrictions

Residential Units may be used only as residences (Declaration Art. 8.1)

Voting & meetings

Each Unit Owner votes in proportion to Common Interest (percentage interest in Common Elements) (By-Laws Sec. 3.8-1; Declaration Art. 12)

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