40 Riverside Tenants Corp.

Key facts from 40 Riverside Tenants Corp.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1.1: establish a condominium to )

Units / lots

223 (Article 3.1: 218 Tower Units + 1 Rental )

Developer / declarant

50 RIVERSIDE BLVD LLC, a Delaware limited liability company, c/o Extell Development Company, 805 Third Avenue, Seventh Floor, New York, New York 10022 (Page before Article 1: Declarant: 50 RIV)

Governing law

Article 9-B of the Real Property Law of the State of New York (New York Condominium Act) (Article 1.1: provisions of Article 9-B o)

Assessments & dues

Not explicitly; Common Charges and Tower Common Charges mentioned, likely set by Condominium Board and Tower Board. (Article 8.6: costs deemed General Common)

Leasing & rentals

Not explicitly for Tower Units; Rental Unit may be subject to rent stabilization. Commercial Units may be leased. No general leasing rules in provided text. (Article 3.1.3 (Rental Unit consisting of)

Parking & vehicles

Garage Unit exists on Subcellar Level and Cellar Level; no specific parking rules for owners in declaration. (Article 3.1.6: Garage Unit located at Su)

Architectural approval

Yes, for alterations to Tower Units (other than unsold units) and to Commercial Units (if material adverse effect). Sponsor has rights for unsold units without approval. (Article 9.1.2: Tower Unit changes requir)

Home business

Allowed in Tower Units if compliant with Zoning Resolution and additional requirements in Tower By-Laws (Article 8.1.1: lawful home occupation as)

Signs & flags

Not explicitly mentioned; but likely regulated by by-laws (No specific mention in declaration)

Maintenance

Unit Owners responsible for fixtures, equipment within unit (including front entrance door, flooring, plumbing, HVAC, etc.). Common Elements (General and Tower Limited) are maintained by association (by boards). (Article 5.2: each Unit Owner responsible)

Use restrictions

Tower Units: residential purposes, with lawful home occupation allowed; Commercial Units: any legally permitted purpose except specified uses (pornography, massage parlor, drug treatment, homeless shelter). (Article 8.1.1 and 8.2.1)

Amendments

Not detailed in excerpt; references to Article 19 of Declaration and Article 16 of Condominium By-Laws for amendment. (Article 4.1 mentions amendments in accor)

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