23 Old Nyack Condominium

Key facts from 23 Old Nyack Condominium's documents

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

Community type

Condominium (Title page)

Legal name

23 OLD NYACK CONDOMINIUM

Developer / declarant

23 OLD NYACK LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Title page)

Assessments & dues

Condominium Board determines the amount and establishes means and methods of payment for Common Charges and Special Assessments. (By-Laws, $2.4(v))

Special assessments

Board may levy Special Assessments pro-rata in accordance with Common Interests. (By-Laws, $2.4(v), $6.1(C))

Reserves & fees

Board may establish a reserve fund for capital expenditures. (By-Laws, $2.4(xii) (incomplete but menti)

Architectural approval

Yes, Board approval required for alterations, additions, improvements to Units (including changes to layout). (By-Laws, $5.2)

Maintenance

Unit owner: interior walls, ceilings, floors, fixtures, doors, windows, exposed plumbing, gas and heating fixtures. Association: Common Elements. (By-Laws, $5.1(i) and (ii))

Insurance

Board may determine deductible amounts and review limits at least once each year. (By-Laws, $5.4(B) last sentence, $5.4(C))

Use restrictions

Each Unit may be used only for residential purposes, and no more than one family may occupy a Unit at one time. (Declaration, $9(a))

Voting & meetings

Each Unit Owner (including Sponsor) casts one vote per Unit owned. After Sponsor Control, each Unit Owner elects one Board Member. In Board elections, each Unit Owner entitled to elect one Board Member. (By-Laws, $4.8, $4.9)

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