389 Bergen Street Condo Association LLC

Key facts from 389 Bergen Street Condo Association LLC's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article FIRST, Declaration of Condominiu)

Units / lots

3 (Article SECOND) but later corrected to 2 (Article FOURTH A). Potential inconsistency; final construction likely 2 units. (Article SECOND: "The property will consi)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article FIRST: "submits the property ...)

Assessments & dues

Common Expenses determined by Board of Managers; assessed to Unit Owners based on each Unit's Percentage of Common Interest as reflected in Schedule B. Common Charges may be adjusted based on sub-metering, contract allocations, usage, etc. (Article TWELFTH: "Common Expenses of the)

Special assessments

Defined as a Common Expense not included in monthly Common Charges. (Article THIRD: 26. 'Special Assessment' )

Collections & liens

Unpaid Common Charges (including interest) constitute a lien prior to all other liens except tax/assessment liens and first mortgages. Lien may be foreclosed like a mortgage. Board may also sue for money judgment without foreclosing lien. (Article TWELFTH: "shall constitute a lie)

Signs & flags

Sponsor retains right to erect and maintain signs (including 'For Sale', 'For Rent') for promotion of units. No specific restriction on owner signs in this excerpt. (Article TWENTY-SECOND: 2. "The right to )

Use restrictions

Residential Units restricted to Residential Occupancy in accordance with applicable zoning and use regulations of City of New York. (Article SEVENTEENTH: "Residential Units )

Voting & meetings

Each Residential Unit Owner has one vote per Residential Unit owned for all voting purposes at any meeting of Residential Unit Owners. (Article EIGHTH: "Each Residential Unit O)

Amendments

Declaration may be amended by Board of Managers upon vote of all Unit Owners in number at a duly-called meeting, with certain exceptions requiring consent of affected owners, mortgagees, or Sponsor. Material changes require approval from fi (Article TENTH: "The provisions of this D)

Amenities

Laundry room and powder room in cellar for common use of residents; mechanical room. (Article FIFTH, Section 1: k. 'The laundr)

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