THE CONDO BOOK PROJECT

96-11 65th Road

96-11 65 Road, Queens, NY 11375

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Overview

96-11 65th Road is a co-op conversion in Queens.

  • Offering plan: Accepted June 1982 · 394 pages
  • Finishes: Hardwood floors and Westinghouse appliances
  • Prices: $8.04 million in all ($4.62 million when first offered)
  • Sponsor: Aaron Ziegelman & Wiiiliam K. Langfan, represented by Belkin Burden Wenig & Goldman, LLP; principals David Yagoda and Aaron Ziegelman
  • Subway: 5-minute walk to 63 Dr-Rego Park (M, R); 7 minutes to 67 Av (M, R)
  • Amendments: 22, the latest in October 2003
  1. SubmittedNovember 1981
  2. AcceptedJune 1982
  3. 22 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 22 Oct 15, 2003

This amendment raises the price of all unsold apartments to $410.00 per share and adds financial statements for 1997 to 2002, a 2003 budget, board information, unsold-share holder disclosures, negotiable contract terms, lead-based paint disclosures, and a law on collecting rents from subtenants.

  • Prices for all unsold apartments increased to $410.00 per share
  • Certified financial statements for 2002, 2001, 2000, 1999, 1998 and 1997 disclosed (Exhibit 1)
  • 2003 budget adopted and disclosed (Exhibit 2)
  • Current monthly maintenance stated as $2.6281 per share
  • Current Board of Directors members listed; none were nominated by holders of unsold shares
  • Holders of unsold shares: latest offered price $300.00 per share; aggregate monthly maintenance $7,229.00; aggregate monthly rents $6,599.15
  • Holders of unsold shares may negotiate price, cash payment, down payment (at least $1,000.00), financing and other terms
  • Lead-based paint disclosure and risk-assessment contingency added to purchase contracts

Amendment 21 Apr 29, 1994

This amendment adds sponsor, financial, officer, and unsold-share disclosures for the 96-11 65th Road cooperative conversion, plus escrow disclosure under GBL Section 352-e (2-d).

  • Sponsor Aaron Ziegelman disclosed as having no interest in any apartments in the Building
  • Apartment Corporation financial statements as of December 31, 1990, December 31, 1991 and December 31, 1992 attached as Exhibit 1
  • Officers and directors listed: Gale Hausman (President), Barry Cohen and Errol Lebowitz (Vice Presidents), Muhamed Jan (Treasurer), Maria Paulo (Secretary); none designated by holders of Unsold Shares
  • Schedule of holders of Unsold Shares attached as Exhibit 2
  • Toby D. Goldfarb, holder of Unsold Shares for Apartment 406, discloses monthly maintenance of $581.97, the apartment is vacant with no rent received, his Unsold Shares are not subject to mortgages or financing commitments, and he will fund their maintenance
  • Escrow disclosure under GBL Section 352-e (2-d) added, with escrow agreement attached as Exhibit 5 and escrow records kept for seven (7) years after release of funds
  • No material changes to the Plan other than those set forth in this amendment
What each amendment changed, line by lineSee it free →

Team

Sponsor
Aaron Ziegelman & Wiiiliam K. Langfan
Principals
David Yagoda, Aaron Ziegelman

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Zoning

Zoning district
R7-1

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

Nearby

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