22 Ostereh Ny Condominium

Key facts from 22 Ostereh Ny Condominium's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

22 OSTEREH NY CONDOMINIUM

Developer / declarant

22 OSTEREH NY LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1; Article 3(f))

Assessments & dues

Board fixes budget at least annually; total annual requirements assessed as single sum prorated according to common interest percentage of each unit; payable monthly in advance (Article VI Section 2; Article III Sectio)

Special assessments

Allowed; levied and paid in same manner as regular assessments (Article VI Section 2: 'Special assessmen)

Collections & liens

Board may foreclose lien on unit for non-payment of common charges; subject to first mortgage lien; foreclosure similar to mortgage foreclosure (Article IX; Declaration Section 12)

Reserves & fees

Board shall establish and maintain a Reserve Fund (Article III Section 5(q))

Architectural approval

Written consent of Board required for alterations to exterior of unit, common elements, or interior modifications impairing structural soundness (Article VIII Section 7; Declaration Sect)

Maintenance

Board responsibility (Board maintains exterior walls, roof, roof members) (Article III Section 6: 'All maintenance.)

Insurance

Fire and water damage insurance equal to full replacement value of buildings; public liability insurance: single limit $1,000,000 per occurrence covering bodily injury and property damage; also fidelity bonds for officers/employees handling (Article VII Sections 1, 10)

Use restrictions

Units restricted to residential occupancy per applicable zoning (Declaration Section 17(i): 'Occupancy of)

Voting & meetings

Each unit owner entitled to one vote per unit owned; each unit appoints a manager to vote (Article II Section 2)

Amendments

Declaration may be amended by Board upon 66-2/3% vote of unit owners in number; material adverse amendments to first mortgagees require 51% of mortgagee votes; amendment must be recorded. Bylaws may be amended at unit owners meeting with un (Declaration Article 9(b); Article X)

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