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© 2021 BoardPackager
159 Madison Owners Corp.
159 Madison Avenue
New York, NY 10021
Co-op
About
159 Madison Avenue is a pre-war cooperative building erected in 1917. It consists of 119 units and rises 12 stories.
Applications
Property Contacts
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Offering Plan
| 6th thru 8th Amendment - 159 Madison Avenue.pdf | $50.00 | 12/09/19 | |
| Offering Plan thru 8th Amendment - 159 Madison Avenue.pdf | $250.00 | 12/09/19 |
By-Laws
| By-Laws - 159 Madison Avenue.pdf | $50.00 | 12/09/19 |
House Rules
| House Rules -159 Madison Avenue | Free | 02/18/20 |
Building Financials
| 2017 Financials - 159 Madison Avenue | $50.00 | 09/09/20 | |
| 2018 Financials - 159 Madison Avenue | $50.00 | 09/09/20 | |
| 2019 Financials - 159 Madison Avenue | $50.00 | 12/01/20 |
Questionnaire
| Questionnaire Instructions | Free | 08/19/20 |
Closing Information & Fees
| Closing Fees - 159 Madison Avenue.pdf | Free | 01/21/21 | |
| Closing Procedures | Free | 01/27/20 |
Moving & Delivery
| Moving & Delivery Policy Procedures - 159 Madison Avenue.pdf | Free | 01/27/20 | |
| Sample Certificate of Insurance - 159 Madison Avenue.pdf | Free | 01/27/20 |
Lead Brochure
| Lead Brochure - 159 Madison Avenue.pdf | Free | 01/27/20 |
Proprietary Lease
| Proprietary Lease- 159 Madison Avenue | $50.00 | 12/01/20 |
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
Anyone can engage a BoardPackager Specialist to assist with completion and submission of an application to a Property Management company.
There is a fee associated with each engagement that is payable to BoardPackager.
General Policies
Pets Allowed
Written approval for pets must be obtained - indicate specific type of pet, number of pets owned, size & weight (no dogs over 40 lbs).
In Unit Washers/Dryers Allowed
Subletting Allowed
Shareholder must reside in apartment for a minimum of two (2) years prior to applying for a sublet. One (1) year lease term. Subletting, if permitted, is allowed for three (3) years out of five (5) years with Board approval.
Financing Policies
Max Financing as %
80% of purchase price
Additional Building Information
- Sublet Renewals:
- Lease renewals are subject to approval by the Board.
- If you intent to renew your lease with the same tenant, the shareholder is required to contact the Assistant Property Manager a minimum of sixty (60) days prior to the expiration of the lease in order to obtain the lease renewal requirements and any additional fees that may be due for renewals.
- In the alternative, if your tenant intends to vacate the premises, the owner must submit a letter indicating so, prior to the lease expiration date.
- Open House Policy:
- Open Houses must first be approved by Management. Contact Susan Pryce at spryce@centuryny.com.
- Guest &
Visitors should be escorted at all times either by the licensed real estate
professional or the resident shareholder at all times while on premises.
- No trusts purchases permitted.
Special Amenities
Video Surveillance
Basement/Storage Unit on Site
Elevator
Basement/Storage Unit on Site
Elevator
Laundry Room
Bike Storage
Bike Storage
Outdoor Spaces
Rooftop Access
Outdoor Tables & Chairs
Outdoor Tables & Chairs
Deck
Private Rooftop Space
Private Rooftop Space
Exposure and Views
City Views
On Site Services
Doorman
Live-in Super
Live-in Super
Porter
Delivery Storage (Unrefrigerated)
Delivery Storage (Unrefrigerated)
Utilities
Cable Ready
Building Type
Co-Op
Pre War
Co-Op Sale
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Buyer | Background check fee to purchase the shares of 159 Madison Owners Corp. | $80 per person | Submission |
| Buyer | Management Processing fee to purchase the shares of 159 Madison Owners Corp. | $500 | Submission |
| Buyer | Move-In Deposit | $500 | Submission |
| Buyer | Move-In Fee | $500 | Submission |
| Seller | Move-out Deposit | $500 | Submission |
| Seller | Move-out Fee | $500 | Submission |
| Buyer | Other Fees | Download "Closing Fees" Document | Closing |
| Seller | Other Fees | Download "Closing Fees" Document | Closing |
Co-Op Sublet
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Annual Sublet Fee | 25% of Annual Maintenance | Submission |
| Shareholder | Move-out Deposit | $500 | Submission |
| Shareholder | Move-out Fee | $500 | Submission |
| Subtenant | Consumer Credit Report Fee | $80 Per Person | Submission |
| Subtenant | Management Administration Fee | $500 | Submission |
| Subtenant | Move-In Deposit | $500 | Submission |
| Subtenant | Move-In Fee | $500 | Submission |
| Shareholder | Sublet Security Deposit | 1 Month's Maintenance | Upon Approval |
Refinance
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Refinance/ Home Equity Application Processing Fee | $500 | Submission |
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 |
If you are a real estate agent affiliated with one our enterprise brokerage clients, starting an application is covered by your brokerage.
Digital Submission Fee
| Payor | Type | Amount | Due Upon |
|---|---|---|---|
| Applicant | Purchase Lease/Sublet Renewal |
$45 | Submission |
| Shareholder | Refinance | $45 | Submission |
App Admin Fee
| Payor | Amount | Due Upon |
|---|---|---|
| Any Participant Paying Building Fees | 5% of Total (excluding Digital Submission & Initiation Fees) |
Submission |
For more detailed information, please see our Pricing page.
Property Management
Property managed by:
All building information and documentation provided by property management.
All building information and documentation provided by property management.
02/11/21