B.G. Apartments Owners Corp.

102-55 67th Drive

Forest Hills, NY 11375
Co-op
Applications
B.G Apartments Owners Corp. - Managing Agent Co-op Sales
B.G Apartments Owners Corp. - Sale
B.G. Apartments Owners Corp. - Sublease
B.G Apartments Owners Corp. - Refinance - Same / Less
B.G Apartments Owners Corp. - Financing / More Refinance / Home Equity
Building Policies

Effective Immediately: A complete application package must be submitted electronically. Use the link above to apply online.

Notice to Brokers: Management strongly advises a Broker start the online process. Once you begin the application, you will have the ability to invite applicants and unit owners to the online application.

Notice to Owners: If you or the applicant do not have a broker, please have the applicant start the application process.

            • Maximum Financing Permitted: 80% of purchase price.
            • Purchases must have 28%-33% Debt to Income Ratio. NO EXCEPTIONS
            • SUBLET POLICY:
              • One (1) year lease term only
              • Shareholders must be a primary resident for two (2) years before requesting to sublet
              • Can sublet up to three (3) years.
              • An additional two (2) years for hardship or emergency situation at the discretion of the Board or managing agent.
            • No pets are permitted in a sublet apartment.
            • INSURANCE REQUIREMENT: All purchases must provide proof of Home Owners Insurance prior to closing.
            • Washer/Dryer, Garbage Disposals and Whirlpools/Jacuzzi not permitted.
            • TRUST POLICY:
              • Trusts purchases and transfers are permitted with Attorney review and Board approval. There is an additional fee for this trust review.
            • OPEN HOUSE POLICY:
              • There are a maximum amount of open houses permitted on the allotted days:
                • Saturdays, 12:00pm - 4:00pm
                • Sundays, 12:00pm - 4:00pm
              • Email requests should be sent to Creyes@centuryny.com at least three (3) days in advance of showing for approval.
              • All visitors must be escorted from the lobby to the apartment.
            • SMOKING POLICY:
              • Smoking is prohibited within (30) feet of all entrances to the building, as well as in the building's lobby, roof, hallways, basement, stairwells, elevators, courtyards, refuse rooms, laundry rooms, miscellaneous rooms, storage areas, parking garage, and other common areas of the building.
              • Smoking is permitted within the apartments. Shareholder responsible for taking measures to ensure smoke or any odor of smoke originating within their apartment does not infiltrate other apartments at the building and/or any of lessor's indoor and outdoor common areas.








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            Documents

            House Rules

            House Rules - B.G. Apartments Owners Corp. Free
            04/30/19

            Building Financials

            2016 Financials - B.G Apartments Corp. $50.00 05/22/19
            2017 Financials - B.G Apartments Corp. $50.00 05/22/19

            Bank Questionnaire

            Century Questionnaire FAQs.pdf Free
            04/09/19

            Proprietary Lease

            Proprietary Lease - B.G. Apartments Corp. $50.00 05/06/19

            Other

            Closing Fees Free
            04/22/19
            Closing Procedures Free
            04/30/19
            Amenities

            Pets

            Pets OK, Upon Approval

            Building Type

            Co-Op
            Building Fees

            Co-Op Sale

            Payor Building Fees Amount Due Upon
            Buyer Application Processing Fee $400 Submission
            Buyer Consumer Credit Report Fee $100 per person Submission
            Buyer Messenger Fee for Recognition Agreement $25 Submission
            Seller Move-out Deposit $500 Move Out/Move In
            Seller Move-out Fee $400 Move Out/Move In
            Buyer Move-in Deposit $500 Closing
            Buyer Move-in Fee $400 Closing
            Buyer Pet Fee $35 Annual Closing
            Buyer Transfer Fee 1% of Purchase Price Closing

            Co-Op Sublet

            Payor Building Fees Amount Due Upon
            Shareholder Move-out Deposit $500 Submission
            Shareholder Move-out Fee $400 Submission
            Shareholder Sublet Annual Fee 10% First Three Years of Monthly Maintenance; If Additional Two Years allowed 15% of Monthly Maintenance. Submission
            Subtenant Application Processing Fee $400 Submission
            Subtenant Consumer Credit Report Fee $100.00 per person Submission
            Subtenant Move-In Deposit $500 Submission
            Subtenant Move-In Fee $400 Submission

            Refinance

            Payor Building Fees Amount Due Upon
            Shareholder Messenger Fee for Recognition Agreement $25 Submission
            Shareholder Refinance Application Processing Fee $400 Submission


            BoardPackager Processing

            Single Application Initiation Fee

            One-time fee paid by the person who begins the application

            Payor Fees Amount Due Upon
            Application
            Initiator
            If Agent or Attorney

            If Applicant or Owner
            $50

            $100
            Initiation
            Application Participants Any Free N/A

            Application Submission Fee

            Payor Amount Due Upon
            Applicant $45 Submission
            Resident Refinance Submission $45 Submission

            Credit Card Processing Fee

            Payor Fees Amount Due Upon
            Any Participant Paying Building Fees Credit Card
            Processing
            5% of Total
            (excluding Submission
            & Initiation Fees)
            Submission
            Property Management
            Property managed by:
            Century logo pms 01
            All building information and documentation provided by property management.
            07/17/19
            Total Fees: 66
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