4 Park Condominium

Key facts from 4 Park Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

4 PARK CONDOMINIUM

Developer / declarant

2-4 Park LLC (Page 1, Declaration preamble)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Declaration preamble)

Assessments & dues

Board determines Common Charges and Special Assessments based on adopted annual budget (By-Laws Section 2.4(iv)-(v))

Architectural approval

15 business days for Board to respond to request; failure to respond deemed approval (Declaration Article 10(i))

Insurance

Fire insurance with all-risk extended coverage, vandalism, malicious mischief, insuring Building and equipment (including all cabinets, etc.) to replacement cost; comprehensive general liability insurance with limit not less than $500,000 a (By-Laws Section 5.4(A)-(B))

Use restrictions

Each Unit may be used in accordance with local law and Certificate of Occupancy, not more than one family per Unit (Declaration Article 9 (page F-3))

Voting & meetings

Each Unit Owner entitled to one vote per Unit owned; Sponsor may vote as long as owns Units; cumulative voting allowed; no vote for Units with perfected lien (By-Laws Article 4, Section 4.8)

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