110-200 Cabrini Boulevard (Castle Village) *
110-200 Cabrini Boulevard, Manhattan, NY 10033
Overview
110-200 Cabrini Boulevard (Castle Village) * is a co-op conversion in Manhattan.
- Offering plan: Accepted November 1985 · 496 pages
- Prices: $1.38 million in all ($75.4 million when first offered)
- Sponsor: W L S Associates, represented by Bryan Cave LLP; principals Kenneth R. Silverman, Sarah Korein and William Sonn
- Subway: 6-minute walk to 181 St (A); 10 minutes to 175 St (A)
- Amendments: 36, the latest in February 2009
- Subway
- 6 min walk to 181 St A175 St A, 10 min
- Principals
- Kenneth R. Silverman, Sarah Korein, William Sonn
- Offering price
- $1.38 million total $75.4 million when first offered
- SubmittedDecember 1984
- AcceptedNovember 1985
- 36 amendments
First-Year Budget
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Property Taxes
The city's tax bill for this co-op building, and any tax breaks.
The estimate, city bills and tax breaksSee it free →The Building
Amendments
Amendment 36 2009
The amendment tells buyers that shareholders face a temporary $3.00-per-share annual assessment starting January 1, 2009, to pay for the retaining wall loan and wall litigation, and it sets the 2009 real estate tax budget at $1,814,000.
- Temporary assessment of $3.00 per share per year, payable monthly at $.25 per share, effective January 1, 2009
- Assessment funds debt service on the $10,000,000.00 line of credit for the retaining wall and legal fees in the retaining wall litigation
- 2009 debt service anticipated at $477,000 and $1,000,000.00 budgeted for legal fees, totaling $1,477,000.00
- If the assessment stays in place all of 2009, monthly costs rise 17.4% over 2008
- Assessment may be discontinued or reduced if the retaining wall litigation is resolved
- Maintenance unchanged for 2009
- 2009 real estate tax budget of $1,814,000, reflecting a seven percent (7%) New York City tax increase
Amendment 35 Sep 7, 2007
The OCR text is too garbled to identify any changes this amendment makes to the plan.
Amendment 34 Jul 31, 2006
The OCR text is too garbled to read, so no changes to the plan can be identified.
Amendment 33 May 27, 2005
The OCR text is too garbled to identify any changes this amendment makes to the plan.
Amendment 31 Mar 26, 2004
The OCR text is too garbled to identify any changes this amendment makes to the offering plan.
Amendment 30 Nov 29, 2002
The OCR text is unreadable garbage characters, so no changes to the plan can be identified.
Amendment 28 Nov 14, 2001
The OCR text is too garbled to identify any changes to the offering plan.
Amendment 27 Sep 19, 2000
The amendment text is too garbled by OCR to identify any changes to the offering plan.
Amendment 25 Jul 2, 1999
The amendment text is too garbled by OCR to identify any changes to the plan.
Amendment 23 Aug 10, 1998
The OCR text contains no readable words, so the changes this amendment makes to the plan cannot be identified.
Amendment 21 Jul 28, 1997
The OCR text is too garbled to identify any changes this amendment makes to the plan.
Amendment 20 Jul 29, 1996
The OCR text is too garbled to read, so this amendment's changes cannot be identified.
Amendment 19 Aug 4, 1995
The OCR text is too garbled to identify any changes this amendment makes to the plan.
Amendment 18 Aug 10, 1994
This amendment updates the plan's disclosures on the sponsor's unsold shares, its payment record, the board of directors, and its financial statement and budget, and reports that the sponsor has no other offerings.
- Sponsor has not pledged any Unsold Shares as collateral, but reserves the right to pledge them in the future
- Sponsor is current on all obligations to the Apartment Corporation, including maintenance and reserve fund payments, for the twelve months before this amendment
- Board of directors list updated, with Marcella Calabi as President; the Sponsor does not control the Board
- Financial statement for Castle Village Owners Corp. for the period ended December 31, 1993 added as Exhibit B
- Projected operating budget for 1994 added as Exhibit C
- Sponsor reports no other offerings of cooperative interests in realty
Amendment 17 Aug 18, 1993
This amendment updates the plan as of August 3, 1993 with a revised list of Sponsor-held unsold shares, their rent and maintenance figures, the board roster, and the 1992 financial statement.
- Annexed Exhibit A lists the current unsold shares held by Sponsor and the apartments they are appurtenant to; Sponsor is the only holder
- Aggregate monthly rent billed by Sponsor on unsold-share apartments is $135,554.85 as of August 3, 1993
- Aggregate monthly maintenance due to the Apartment Corporation on unsold shares is $133,811.60 as of August 3, 1993
- Sponsor receives rental income in excess of maintenance due, approximately $10,830.91
- Sponsor has no financial obligations to the Apartment Corporation due within 12 months after AG acceptance, except maintenance on unsold shares
- Sponsor has not pledged its unsold shares as loan collateral but reserves the right to do so in the future
- Sponsor states it is current on all financial obligations to the Apartment Corporation, including maintenance and reserve fund payments
- Board roster updated with officers and Sponsor-designees; Sponsor states it does not control the Board, and the Castle Village Owners Corp. financial statement for the year ended December 31, 1992 is attached as Exhibit B
Amendment 16 May 8, 1992
This amendment updates Castle Village's unsold-share, rent, maintenance, obligation, budget and financial information as of July 15, 1992, and replaces the down payment escrow provisions for purchase agreements signed on or after the amendment date.
- Down payments on purchase agreements signed on or after this amendment go to escrow with Robinson Silverman Pearce Aronsohn & Berman within five business days, under the new Exhibit D Escrow Agreement
- Updated list of Sponsor's Unsold Shares as of July 15, 1992 (Exhibit A); Sponsor is the only holder
- Aggregate monthly maintenance due on Unsold Shares is $132,971.68 as of July 15, 1992
- Aggregate monthly rent billed by Sponsor on apartments with Unsold Shares is $129, 334 as of July 15, 1992
- Sponsor receives rental income in excess of maintenance due, in the approximate amount of $5,000
- Sponsor has not pledged Unsold Shares as loan collateral but reserves the right to do so in the future
- Sponsor states it is current on all obligations to the Apartment Corporation and has been for the preceding twelve months; no obligations due in the next twelve months except maintenance on Unsold Shares
- Castle Village Owners Corp. financial statement for period ended December 1991 (Exhibit B) and 1992 budget (Exhibit C) are annexed
Amendment 15 Jun 26, 1991
This amendment reports the sponsor's unsold shares and their rent and maintenance figures, reallocates shares to cottages 1 through 4, replaces escrow terms for future purchase agreements, and attaches the 1990 financial statement and 1991 budget.
- Escrow language replaced for purchase agreements signed after acceptance; down payments held in an IOLA attorney trust account at Bankers Trust
- Apartments 100 and 101 combined as Apartment 101 with 1050 shares; cottages 1 through 4 each increased from 500 to 574 shares
- As of May 30, 1991, sponsor's aggregate monthly rent billed on unsold-share apartments is $113,187.34 and monthly maintenance payable to the corporation is $131,168.43; sponsor pays maintenance from rental income
- Sponsor has not pledged unsold shares as loan collateral but reserves the right to do so in the future
- Sponsor is current on all obligations to the corporation and has been for the past twelve months; no obligations due in the next twelve months except maintenance on unsold shares
- Board of directors list updated; sponsor states it does not control the board
- Financial statement for the period ended December 31, 1990 attached as Exhibit B
- Corporation's 1991 budget attached as Exhibit C
Amendment 14 Aug 28, 1990
The sponsor raises the prices of vacant one- and two-bedroom unsold apartments to $250 per share, with a new price schedule effective immediately, and otherwise leaves the plan unchanged.
- Prices of vacant one- and two-bedroom unsold apartments raised to $250 per share
- New prices for listed apartments at 120, 140, 160, 180 and 200 Cabrini Boulevard set out in Exhibit A, effective immediately
- All other terms of the plan remain in full force and effect
Team
- Sponsor
- W L S Associates
- Principals
- Kenneth R. Silverman, Sarah Korein, William Sonn
- Counsel
- Bryan Cave LLP
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Zoning
- Zoning district
- R7-2
Today's zoning, from city data (PLUTO 26v2).
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