The new condominium, which is a condo-within-a condo, must be approved by the state attorney general’s office.
The subdivision of the condo must be approved by the Department of Buildings.
Due to current IT functionality, the condo-within-a-condo cannot be directly reflected on the tax map. The new lots resulting from the creation of the condo will be processed as an apportionment of the original condo. But the Department of Finance’s Tax Map Unit will annotate on the tax map that there is a condo-within-a-condo and provide a special label, such as “CC,” plus the existing condo number.
Applicants for a condo-within-a-condo should submit a letter indicating that they are requesting a condo-within-a-condo when requesting tentative lots and submitting their application package. Instructions for submitting an application for a condo amendment are available here: Condominium Amendment and Approval Process.
The transaction will be processed as a condo amendment, with lots created from the original condo. The unit allocation factors of the new lots will be the same as those generated by the condo-within-a-condo structure. (The original unit allocation factor flows through to the new lots on an allocated basis.)
Any special charges of the new condo will be handled by the condo. Any external agency charges will be assigned directly to the tax lot incurring the charge.
Below are the steps that will be taken by the Department of Finance’s Land Records Division to ensure that the public is aware of this new type of condominium recording.
First, the current condominium owner or sponsor applies for new lots with the Tax Map Unit to create the new condo within the existing condo. Once approvals from the state attorney general and DOF Tax Map Unit are received, the condo-within-a-condo will be recorded as normal in ACRIS. When this condominium is created, the parent condo lot will remain (and not be dropped) so that it can serve as an FKA (formerly known as) lot as described below.