372 Broadway Condo, LLC

Key facts from 372 Broadway Condo, LLC's documents

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

Community type

Condominium (6 Cortlandt Alley Condominium) (Preamble and Section 1)

Units / lots

6 (5 Residential Units: R3, R4, R5, PH-B, PH-A; 1 Commercial Unit: C) (Revised Schedule B (Exhibit A-2))

Governing law

New York Condominium Act (Real Property Law Article 9-B) (Definition of 'Condominium Act' in parag)

Assessments & dues

Residential Common Charges determined by Residential Board to meet Residential Common Expenses; General Common Charges set by Condominium Board for General Common Expenses (Definitions of 'Residential Common Charg)

Special assessments

Not explicitly mentioned; but assessments include all amounts needed for operating Condominium (Definition of 'Common Expenses')

Collections & liens

Not explicitly detailed; By-Laws likely contain provisions (Section 6.6 Default and 6.7 Foreclosure) (Residential By-Laws Sections 6.6 and 6.7)

Leasing & rentals

Not explicitly addressed in this amendment; however, Power of Attorney provisions (Article 16) allow Board to lease units in certain circumstances, implying leasing is permitted (Article 16 Power of Attorney: 'to acquir)

Fences

Privacy fences separate private terraces/balconies; not general fence rules (Paragraph 4: 'Where required the private)

Architectural approval

Exterior alterations require approval of Landmarks Preservation Commission (building in historic district); interior alterations not subject to ARC in this amendment (Paragraph 4: 'No renovation, alteration )

Home business

Permitted as professional offices by a resident, subject to zoning and prior written consent of Residential Board (Paragraph 19)

Maintenance

Roof is Residential Common Element except portion used for Commercial HVAC; maintenance of roof by Residential Board, subject to Commercial easement (Article 14.2.7: 'The roof excepting that)

Use restrictions

Yes, Residential Units may be used only for private residential use except home occupation permitted (Paragraph 19 (Article 8): 'may be used o)

Voting & meetings

Residential Unit Owners vote in proportion to their Residential Common Interest; Commercial Unit Owner has voting rights as per Declaration (Definitions: 'Residential Common Interes)

Amendments

This amendment was made pursuant to Articles 9 and 20 of the Declaration and rights of Unit 2 Owner/Sponsor. Future amendments not detailed but reference to 'amend, modify and/or supplement' appears in definitions. (Paragraph 1; also definitions of 'Condom)

Amenities

Fitness center, club lobby (both Residential Common Elements); storage bins (licensed to unit owners); no pool or common recreational areas other than club lobby and fitness center (Paragraph 4: 'club lobby, fitness center)

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