1111 Park Avenue

New York, NY 10128
Co-op
About
This 14-story apartment building on the southeast corner at 90th Street was completed in 1925 by the Bricken Construction Company and designed by Schwartz & Gross. The building has 80 apartments and was converted to a co-operative in 1957.

BROKER SPECIALISTS:
Douglas Elliman Real Estate
Pam Nichols
pnichols@elliman.com
212.350.2232
https://www.elliman.com/real-estate-agent/pamela-nichols/2276


Douglas Elliman Real Estate
Suzan Kremer
suzan.kremer@elliman.com
212.303.5262
Applications
Property Contacts 2017 de primary rgb propertymgmnt  1

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Questionnaires

Have a bank questionnaire completed by property management.
Documents

Building Financials

2016 Financial Statement - 1111 Park Avenue $50.00 10/11/17
2017 Financial Statement - 1111 Park Avenue $50.00 06/03/19
2018 Financial Statement - 1111 Park Avenue $50.00 02/20/19

By Laws

By-Laws - 1111 Park Avenue.pdf $50.00 10/30/17

Building Proprietary Lease

Proprietary Lease - 1111 Park Avenue.pdf $50.00 01/03/18
Additional Services

BoardPackager Services are administered exclusively by BoardPackager. All services are separate from those provided by Property Management Companies to their clients. All BoardPackager services are provided with full knowledge and cooporation with Property Management, but without Property Management supervision. Any fees associated with services offered are BoardPackager fees.
Hire a Specialist
Any user can engage a BoardPackager Specialist to assist with completion and submission of a Board Packager to a Property Management company.
There is a fee associated with each engagement that is payable to BoardPackager
Building Policies

General Policies

Pets Allowed
Subletting Allowed All subleases will be subject to a 15% of monthly maintenance and rental income sublease fee to billed on the shareholder's monthly maintenance account for duration of the sublease.
Pied-a-terre Not Allowed

Financing Policies

Max Financing Allowed as % 50% of purchase price

Additional Building Information

  • Flip Tax: Yes, 2% if purchased on or after 10/1/98; 1 1/4% if purchased prior to 10/1/98 but on or after 10/1/83; 1/2% if purchased prior to 10/1/83.
Building & Management Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Application Fee $550 Submission
Buyer Financing Fee $150 (if financing) Submission
Buyer Monthly Membership Fee $80 Submission
Buyer Tenant Data Verification Fee $75 Per applicant Submission
Seller Lead Based Paint Disclosure Fee $75 Submission
Seller Processing Fee $500 Submission
Buyer Flip Tax See flip tax memo Closing
Buyer Move In Fee $2,500 Closing
Buyer Health Club Membership $1500 (check payable to 1111 Health Club) Submission

Co-Op Sublet

Payor Building Fees Amount Due Upon
Shareholder Lead Based Paint Disclosure Fee $75 Submission
Shareholder Processing Fee $300 Submission
Subtenant Application Fee $250 Submission

Less Refinance

Payor Building Fees Amount Due Upon
Shareholder Financing Fee $400 Submission

More Refinance

Payor Building Fees Amount Due Upon
Shareholder Credit Report Fee $75 per applicant Submission
Shareholder Financing Fee $400 Submission

Sublet Renewal

Payor Building Fees Amount Due Upon
Shareholder Corporate Surcharge 15% of monthly maintenance and rental income, to be billed on monthly statement for term of sublease. Submission
Shareholder Renewal Fee $300 Submission
Processing

Single Application Initiation Fee

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

Payor Type Amount Due Upon
Agent /
Attorney
Applicant
Current Resident
Sale/Lease
Sale/Lease
Refinance/Renewal
$50
$100
Free
Initiation
Initiation
N/A
Application Participants Any Free N/A

Digital Submission Fee

Payor Type Amount Due Upon
Applicant Purchase
Lease/Sublet
Renewal
$45 Complimentary
Shareholder Refinance $45 Complimentary

Service Fee

Payor Amount Due Upon
Any Participant Paying Building Fees 5% of Total
(excluding Digital Submission & Initiation Fees)
Submission
Property Management
Property managed by:
2017 de primary rgb propertymgmnt  1
All building information and documentation provided by property management.
09/23/20
Total Fees: 105
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