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
1111 Park Avenue - Sale (G)
1111 Park Avenue - Sublease (G)
1111 Park Avenue - Sublease Renewal (G)
1111 Park Avenue - Refinancing Maximum of 50% Appraisal (G)
1111 Park Avenue - Monthly Payments Higher then Current Monthly Payment (G)
Property Contacts 2017 de primary rgb propertymgmnt

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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
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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.
Amenities

Special Amenities

Elevator
Fitness Center
Laundry Room

On Site Services

Doorman
Building Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Application Fee $500 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 $200 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
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

Digital Submission Fee

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

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:
2017 de primary rgb propertymgmnt
All building information and documentation provided by property management.
01/22/20
Total Fees: 71
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