24 Fastov & 70 Slavita Condominium

Key facts from 24 Fastov & 70 Slavita Condominium's documents

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

Community type

Condominium (Declaration title and Article 1 (Submiss)

Legal name

24 FASTOV & 70 SLAVITA CONDOMINIUM

Units / lots

5 (based on Exhibit B: Units 102, 201, 114, 214, 314) (Exhibit B (page 14) lists units: 102, 20)

Developer / declarant

Zissy Fromowitz (Declaration page 1: "DECLARANT: ZISSY FR)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration title & Article 1)

Assessments & dues

Not fixed; determined annually by Board. Budget must be sent to each Unit Owner and mortgagee. (By-laws Article VI Section 2 (page 26): )

Special assessments

Allowed; can be levied by Board if required, assessed pro rata. For additions/improvements >$10,000, consent of 66-2/3% of unit owners required. No lien created without written consent of Owner. (By-laws Article III Sec.6(12) (page 19-2)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except tax/assessments liens and first mortgage recorded. Lien may be foreclosed like a mortgage. Board may sue for money judgment without waiving lien. Board may purch (Declaration Article 12 (page 8-9); By-la)

Reserves & fees

Not explicitly required, but Board to maintain Operating Account and may maintain other accounts. No specific reserve fund mentioned. (By-laws Article VI Section 6 (page 26-27)

Leasing & rentals

Yes, but subject to right of first refusal by Board. Unit Owner must give 30 days notice and copy of contract. Board may buy on same terms within 30 days or waive. Also cannot convey unless all common charges paid. (Article XI Section 1 (page 31-32): "The )

Parking & vehicles

Commercial license plate vehicles not parked >24 hours. (Article VIII Section 8(e) (page 30))

Home business

Not explicitly prohibited, but nuisances and commercial uses likely restricted. No specific provision.

Use restrictions

Yes, occupancy restricted to residential in accordance with applicable zoning regulations. (Declaration Article 17(i) (page 11): "Oc)

Voting & meetings

Each Unit Owner gets one vote per Unit for general matters; for Board elections each Unit Owner gets three votes (one per seat). Board Managers do not vote for Board elections if they hold title to Units. (Article 8 (Declaration page 7): "each Un)

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