180 E. 88th St. Apartment Corp.

Key facts from 180 E. 88th St. Apartment Corp.'s documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration)

Units / lots

49 (48 Residential Units including 1 Resident Manager’s Unit, plus 1 Community Facility Unit) (Article 5.1 and Article 6.7)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration preamble)

Assessments & dues

Not set in Declaration (Not addressed)

Leasing & rentals

Sponsor may lease Unsold Residential Units for long or short term stays (Art. 9.6(4)); for sold units, leasing not explicitly addressed but occupancy restrictions imply limitations; likely governed by By-laws (Article 9.1, 9.6(4))

Architectural approval

Yes, for sold residential units – Condominium Board must approve alterations (Art. 12.1); for unsold units, Sponsor has broad rights without board consent (Article 12.1)

Home business

Permitted only with written consent of Sponsor (for unsold units) or Condominium Board (for sold units); Sponsor may use unsold units as professional offices (Article 9.1, 9.6(1))

Signs & flags

Community Facility Unit may have signs in storefronts and windows (Article 10.3); Sponsor may erect signs for advertising sales (Article 10.5); Sponsor has exclusive easement for a Plaque (Article 11.8); no other signage mentioned (Articles 10.3, 10.5, 11.8)

Use restrictions

Residential Units shall be used for residential purposes only (excluding dormitory, bed and breakfast, airbnb, or transient hotel-type use); other lawful uses allowed with Sponsor (unsold) or Board (sold) consent (Article 9.1)

Voting & meetings

Based on Common Interest (percentage) and Residential Common Interest for residential matters; termination requires 80% in number and residential common interest of residential unit owners plus Community Facility Unit Owner vote; mortgagee (Article 8, Article 15)

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