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
Property Contacts Century logo pms 01

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Documents

By-Laws

By-Laws - B.G. Apartments Owners Corp. $50.00 10/08/19

House Rules

House Rules - B.G. Apartments Owners Corp. Free
10/08/19

Building Financials

2016 Financials - B.G Apartments Corp. $50.00 10/08/19
2017 Financials - B.G Apartments Corp. $50.00 10/08/19

Bank Questionnaire

Century Questionnaire FAQs.pdf Free
10/08/19

Proprietary Lease

Proprietary Lease - B.G. Apartments Corp. $50.00 10/08/19

Other

Closing Fees Free
10/08/19
Closing Procedures Free
10/08/19
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.








            Amenities

            Pets

            Pets OK, Upon Approval

            Building Type

            Co-Op
            Building Fees

            Co-Op Sale

            Payor Building Fees Amount Due Upon
            Buyer Background check fee to purchase the shares of B.G. Apartments Owners Corp. $100 per person Submission
            Buyer Management Processing fee to purchase the shares of B.G. Apartments Owners Corp. $400 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
            Subtenant Consumer Credit Report Fee $100.00 per person Submission
            Subtenant Management Administration Fee $400 Submission
            Subtenant Move-In Deposit $500 Submission
            Subtenant Move-In Fee $400 Submission
            Shareholder Sublet Monthly Fee 1st, 2nd, & 3rd Yr - 10% of Monthly Maintenance billed on a monthly basis; If Additional Two Years allowed - 15% of Monthly Maintenance billed on a monthly basis Upon Approval

            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 Type Amount Due Upon
            Applicant Purchase
            Lease/Sublet
            Renewal
            $45 Submission
            Shareholder Refinance $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.
            10/15/19
            Total Fees: 77
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