627 Dekalb Condominium Inc

Key facts from 627 Dekalb 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 5; page 8)

Units / lots

35 (Lots 1001-1035) (Cover page and Declaration: Block 1774, )

Developer / declarant

Nostrand-Dekalb Development LLC, 139 Stuyvesant Avenue, Brooklyn, NY 11221 (Declaration first paragraph; signature b)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Article 2; Exhibit C definition of Condo)

Assessments & dues

Condominium Board prepares budget and determines Common Charges; allocated pro-rata according to each Unit's Common Interest. (By-Laws Section 2.4(A)(iv)-(v), Section )

Special assessments

Permitted; defined in Exhibit C and By-Laws Section 6.1(C); allocated pro-rata by Common Interest. (Exhibit C definition of Special Assessme)

Collections & liens

Board may file a notice of lien for unpaid Common Charges and foreclose. (By-Laws Section 6.4)

Reserves & fees

minimum 10% of budget for capital replacement (Sponsor Veto Control restrictions; page )

Leasing & rentals

Yes; Unit Owner may sell or lease Unit. (By-Laws Article 7 (Selling and Leasing o)

Parking & vehicles

18 parking spaces retained by Sponsor and licensed via license agreement; not part of common elements. No other parking rules provided. (Article 4)

Architectural approval

Yes; alterations to Units require Condominium Board approval. (Declaration Article 12; By-Laws Section )

Home business

Not explicitly prohibited; must comply with local zoning and Certificate of Occupancy. (By-Laws Section 5.6)

Setbacks / home size

Seven stories with cellar. (Article 4)

Maintenance

Condominium Board (common element). (Declaration Article 7 (Common Elements i)

Insurance

Condominium Board shall obtain property insurance and liability insurance for Common Elements. (By-Laws Section 5.4)

Use restrictions

Yes, each Unit may be used in accordance with local law and Certificate of Occupancy; not more than one family may occupy a Unit at one time. (Declaration Article 9; By-Laws Section 5)

Voting & meetings

Each Unit Owner entitled to votes based on Common Interest? Not explicitly in provided text; quorum and majority defined by percentage of total authorized votes (Exhibit C definition of Majority of Unit Owners). Amendments require 66 2/3% v (Exhibit C; Article 18; Article 15)

Amendments

66 2/3% vote of Unit Owners, recorded in Register's Office (Article 18(a); page 16)

Amenities

Bicycle storage room in cellar with 18 bicycle spaces (common element). 18 parking spaces (retained by Sponsor, not common element). No other amenities. (Article 4, Article 7(A)(vi))

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