Midland Avenue Owners Corp. / Kimberly Gardens

Yonkers, NY 10704
Co-op
Multiple Address Complex

1296 Midland Avenue
1300 Midland Avenue
1304 Midland Avenue
Applications
Property Contacts

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Newsletter

STAR LETTER 2019
08/15/19
Questionnaires

Have a questionnaire completed by property management.
Documents

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.
Building Policies

General Policies

Subletting Allowed
The basis for the approving of subletting is that there is a hardship. The criteria for or granting of a sublet application will be determined by the Board on a case by case basis.
Pied-a-terre Not Allowed

Financing Policies

Max Financing as %
80% of purchase price
Building & Management Fees

Co-Op Sale

Payor Building Fees Amount Due Upon Recipient
Buyer Application Fee $400 Submission Mgmt
Buyer Credit Check Fee $200 per applicant Submission Mgmt
Buyer Financing Fee $300 (if financing) Submission Mgmt
Buyer Move in Deposit (Refundable) $500 Closing Bldg
Seller Flip Tax (Non Refundable) $5 per share Closing Bldg
Seller Move Out Deposit (refundable) $500 Closing Bldg

Co-Op Sublet

Payor Building Fees Amount Due Upon Recipient
Shareholder Move Out Deposit (refundable) $500 Submission Bldg
Shareholder Sublease Fee (non-refundable; payable on or before the effective date of Sublease) $6.00 per share annually Submission Bldg
Subtenant Application Processing Fee (non-refundable) $400 Submission Mgmt
Subtenant Move In Deposit (refundable) $500 Submission Bldg

Less Refinance

Payor Building Fees Amount Due Upon Recipient
Shareholder Non-Refundable Application Fee $425 Submission Mgmt

More Refinance

Payor Building Fees Amount Due Upon Recipient
Shareholder Non-Refundable Application Fee $425 Submission Mgmt
Shareholder Non-Refundable Credit Fee $200 per applicant Submission Mgmt
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

App Admin Fee

Payor Amount Due Upon
Any Participant Paying Building Fees 5% of Total
(excluding Digital Submission & Initiation Fees)
Submission
Property Management

Property managed by:

All building information and documentation provided by property management.
05/06/21
Total Fees: 313
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