373 Classon Avenue Condominium Inc.

Key facts from 373 Classon Avenue Condominium Inc.'s documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

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

Units / lots

4 (designated Lots 1301, 1302, 1303, 1304) (Declaration, Article 3 and Recording cov)

Developer / declarant

373 Classon Group LLC (Declaration, first page and signature bl)

Governing law

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

Special assessments

Allowed per By-Laws Section 6.1(C); approved by Condominium Board (and possibly Unit Owner vote for certain amounts) (By-Laws, Section 6.1(C) (reference); Dec)

Collections & liens

By-Laws Section 6.4 addresses default; the Condominium may have a lien for unpaid common charges; foreclosure proceedings possible (By-Laws, Section 6.4 (table of contents))

Reserves & fees

Condominium Board may accumulate reserve funds for capital replacements (By-Laws Section 2.4(A)(xii)) (By-Laws Section 2.4(A)(xii))

Leasing & rentals

Yes, Units may be leased; By-Laws Article 7 governs selling and leasing (By-Laws, Article 7 (table of contents an)

Architectural approval

Condominium Board approval required for alterations, additions, improvements to units (Article 12); no separate Architectural Review Committee mentioned (Declaration, Article 12)

Home business

Not explicitly prohibited; unit may be occupied by an officer, director, stockholder, or employee of a corporation owning the unit; no general home business clause found; use must conform to zoning and certificate of occupancy (Declaration, Article 9 (only mentions oc)

Insurance

Not explicitly stated in the extracted text; By-Laws may require unit owners to carry insurance

Voting & meetings

Voting is based on Common Interest percentage of each Unit; one vote per unit but weighted by Common Interest? Section 4.8 of By-Laws: 'each Unit shall be entitled to one vote for each percentage point of Common Interest...' (similar langua (By-Laws Section 4.8 (inferred from table)

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