44 Lincoln Ave Condominium

Key facts from 44 Lincoln Ave Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 9-B of Real Property Law of New )

Legal name

44 LINCOLN AVE CONDOMINIUM

Developer / declarant

44 LINCOLN ESJYATES LL

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration §2, PAGE 4)

Assessments & dues

Board prepares budget and determines Common Charges and Special Assessments, allocated pro-rata according to Common Interests (By-laws §2.4(iv)-(v) PAGE 25, and Declar)

Special assessments

Special Assessments may be levied by Board pro-rata; within first three years after First Closing, Sponsor consent required for Special Assessments for reserve in excess of 5% of estimated Common Expenses; also limitations during Sponsor co (By-laws §2.5(A)(ii) PAGE 27 and §6.1 def)

Collections & liens

Unpaid Common Charges may become a lien on the Unit; enforcement rights including sale; materials mention 'assessment liens' and priority (Declaration §19(c)(ii) PAGE 10, and By-l)

Reserves & fees

Board may establish reserves for contingencies, repairs, improvements, replacements; during Sponsor control period, only a twelve-month reserve for contingencies not exceeding 10% of budgeted operating expenses is allowed (By-laws §2.5(B)(iv) PAGE 28-29)

Leasing & rentals

Leasing is permitted (subject to specific limitations not present; Article 7 of By-laws governs Leasing of Units, includes Right of First Refusal) (By-laws Table of Contents PAGE 22 'ARTIC)

Architectural approval

Yes, alterations, additions, or improvements to any part of the Property allocated to a Unit require Board approval; failure to respond within 30 business days deemed approval (By-laws §5.2(A)(ii) PAGE 38)

Maintenance

Unit Owner responsible for maintenance, repair, replacement of Unit interior; Board responsible for Common Elements; Unit Owner also responsible for terraces, patios, windows, etc. as specified (By-laws §5.1, PAGE 38)

Insurance

Board shall obtain property insurance covering the Common Elements and Units (with standard mortgagee clause), including fire and extended coverage; also comprehensive general liability insurance, workers' comp, boiler, etc. (By-laws §5.4(A)-(B), PAGE 40-41)

Use restrictions

Each Unit may be used for residential purposes, not more than one family, occupied by Owner or lessees and immediate family (Declaration §9, PAGE 6)

Voting & meetings

Each Unit Owner entitled to one vote per percentage of Common Interest owned; cumulative voting allowed; Sponsor has same voting right as all Unit Owners; Board Members elected by majority of Unit Owners (By-laws §4.8 (PAGE 36) and §4.9 (PAGE 37)

Amendments

Declaration may be amended by vote of all Unit Owners (or written consent) except material amendments requiring consent of eligible mortgage holders representing at least 51% of votes of unit estates subject to mortgages; Sponsor may amend (Declaration §19(a)-(c), PAGE 10-11)

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