Butterman Condominium

Key facts from Butterman Condominium's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condo (Declaration (name: BUTTERMAN CONDOMINIUM)

Units / lots

1 (Lot 37.1, Block 2, Section A) (Declaration (tax map designation: SEC A,)

Developer / declarant

LAWRENCE-MONSEY PROPERTIES LLC, 152 West 57th Street, 54th Floor, New York, NY 10019 (Declaration opening paragraph)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Declaration §1 (Definitions: Condominium)

Special assessments

Allowed by Board; for improvements costing over $5,000 in a calendar year, approval of all Unit Owners is required. (By-Laws §5.3 and §2.4(v))

Collections & liens

Board may perfect a lien against a Unit Owner's Unit for unpaid Common Charges; Board may foreclose such lien and may purchase Unit at foreclosure sale. (By-Laws §4.8(B) and §2.4(xv), Declaratio)

Reserves & fees

Allowed; Board may establish reserve for working capital, replacements, or deficit. (By-Laws §2.4(ii) and Declaration §7(ii) )

Use restrictions

Units shall be used only for single family residential purposes, occupied only by the Owner and immediate family. (Declaration §9, By-Laws §5.9? (fragment:)

Voting & meetings

Each Unit Owner entitled to one vote per percentage of Common Interest owned; cumulative voting allowed. (By-Laws §4.8(A))

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