The Armory Owners Inc.

529 West 42nd Street

New York, NY 10036
Co-op
About
529 West 42nd Street was built in 1912 with 159 units in the building. 
Applications
Armory Owners Inc. - Sale
Armory Owners Inc. - Sublease
Armory Owners Inc. - Finance_More Refinance_Home Equity
Armory Owners Inc. - Same_Less Refinance
Building Policies

  • Maximum Financing Permitted: 80% of Purchase Price.
  • Sublet Policy: 
    • Sublets for a period of three (3) months minimum and 12 months maximum are allowed upon board approval. Sublet fee is the same regardless of lease term.
    • If the tenant vacates before the end of the year and the shareholder wishes to sublet again a new application must be submitted. Any extension of this one year term is subject to Board approval and must be requested in writing prior to the expiration date of the current approved sublease.
  • Washers/Dryers not permitted.

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Documents

Offering Plan

Offering Plan - 529 West 42nd Street $250.00 01/06/19

Amendment(s)

House Rules Amendments - 529 West 42nd Street Free
06/07/19

By-Laws

By Laws - 529 West 42nd Street $50.00 01/06/19

Building Financials

2016 Financials - 529 West 42nd Street $50.00 01/06/19
2017 Financials - Armory Owners Inc $50.00 01/06/19
2018 Financials - Armory Owners Inc $50.00 06/06/19

Bank Questionnaire

Century Questionnaire FAQs.pdf Free
07/11/18

Applications & Attachments

House Rules - 529 West 42nd Street Free
06/07/19
Lead Brochure.pdf Free
06/07/19
Refinance Application - 529 West 42nd Street Free
06/07/19

Conditional Fees

Conditional Fees - 529 West 42nd Street Free
06/30/17

Sublet Fee Doc.

Sublet Fee - 529 West 42nd Street Free
10/25/17

Moving & Delivery

Move-in & Move-out Policy.pdf Free
11/08/17
Sample Certificate of Insurance - Armory Owners Inc. Free
11/08/17
Amenities

Special Amenities

Full Service
Basement/Storage Unit on Site
Elevator
Children's Playroom
Video Surveillance
Bike Storage
Laundry Room

On Site Services

Doorman
Live-in Super
Porter
Delivery Storage (Unrefrigerated)

Utilities

Separate Metered Utilities
WiFi Available
Cable Ready

Pets

Pets OK, Upon Approval

Building Type

Condo
Co-Op
Building Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Consumer Credit Report Fee Per Person $50 per peson Submission
Buyer Sales Application Processing Fee $500 Submission
Buyer Move-in Deposit $1,000 Closing
Buyer Recognition Agreement Fee $300 Closing
Seller Move-out Deposit $1,000 Closing
Seller Stock Stamp Tax $0.05/share Closing

Co-Op Sublet

Payor Building Fees Amount Due Upon
Subtenant Consumer Credit Report Fee Per Person $50 per peson Submission
Subtenant Sublet Application Processing Fee $500 Submission
Shareholder Move-out Deposit $1,000 Upon Approval
Shareholder Sublet Fee See sublet fee document Upon Approval
Subtenant Move-in Deposit $1,000 Upon Approval

Refinance

Payor Building Fees Amount Due Upon
Shareholder Consumer Credit Report Fee (if applicable) $50 per person Submission
Shareholder Refinance/ Home Equity Application Processing Fee $500 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.
07/15/19
Total Fees: 167
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