THE CONDO BOOK PROJECT

140 Riverside Drive/Normandy

140 Riverside Drive, Manhattan, NY 10024

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Overview

140 Riverside Drive/Normandy is a co-op conversion in Manhattan.

  • Offering plan: Accepted November 1979 · 173 pages
  • Finishes: Hardwood floors and GE and Royal Rose appliances
  • Prices: $16.4 million in all
  • Sponsor: Arkb Realty LLC, represented by Miller & Miller LLP
  • Subway: 4-minute walk to 86 St (1); 10 minutes to 96 St (1, 2, 3)
  • Amendments: 42, the latest in June 2016
  1. SubmittedMarch 1979
  2. AcceptedNovember 1979
  3. 42 amendments

First-Year Budget

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Property Taxes

The city's tax bill for this co-op building, and any tax breaks.

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Amendments

Amendment 42 Jun 10, 2016

The amendment replaces the escrow provisions for purchaser deposits with a new escrow agent and bank, sets a $25,000-per-share price for unsold apartments 4-M and 9-M, updates maintenance and assessment amounts, and attaches financial statements and a 2016 budget.

  • Contract deposits now held by Miller & Miller LLP as Escrow Agent in a master escrow account at Signature Bank, with a segregated subaccount for each purchaser
  • Price of unsold shares for apartments 4-M and 9-M is now $25,000 a share for all purchasers, whether tenants or subtenants
  • Maintenance is approximately $28.00 per share per month
  • Assessment for calendar year 2016 is approximately $3.67 per share per month
  • Electric submetering installed; shareholders pay for their electric usage, billed monthly by the apartment corporation
  • Financial statements for calendar years 2015 and 2014 and a budget for calendar year 2016 are attached
  • David Fleischer and Judith Messina (54 shares) and ARKB Realty LLC (160 shares, apartment 8-H) are designated as holders of unsold shares
  • As of June 1, 2016, aggregate monthly maintenance payable on the Unsold Apartments was $3,612.00; none of the Unsold Apartments are pledged or subject to financing commitments
What the amendment changed, line by lineSee it free →

Team

Sponsor
Arkb Realty LLC

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Zoning

Zoning districts
R10A, R8The lot is split between two districts, the largest share first

Today's zoning, from city data (PLUTO 26v2).

Nearby

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