Kensington Manor Condominium

The Building

Fine Print

What's Specific to It

• Deeded parking for owners only. Thirty-eight self-park spaces on the ground floor, sold only to apartment owners: 21 covered spaces at $93,500 and 17 open spaces at $66,000 in the original price list.
• Gas is shared. Cooking gas and hot water come from common meters, so you pay for them through common charges. Electricity, including heat and air conditioning, is metered and billed to each apartment.
• No doorman. The budget pays for one full-time, non-union superintendent and one full-time porter, each at 35 hours a week. The entry uses a video intercom, and the plan says no CCTV system will be provided.
• A community facility unit pays less. The cellar unit, which could become a medical office or a house of worship, pays 2% of most costs but none of the labor, water, gas or gym equipment. The plan says this makes residential common charges "substantially higher."
• No tax abatement. The plan says no real estate tax abatement is available to the units.

Listing photos of Kensington Manor can show you the finishes. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.

Fine Print Worth Knowing

• Closing costs. You pay the city and state transfer taxes, $2,950 to the sponsor's lawyers, $750 toward the cost of the plan, and more if you finance or close late. The deposit is 10%.
• Late closing penalty. If you don't close on the scheduled date, you owe 0.03% of the price for each day of delay.
• Financing limits. The preferred lender, Guaranteed Rate, won't close loans until 15% of apartments are sold and 51% are owner-occupied.
• No 36-B warranty or bond. Because the building is over five stories, the state's housing merchant warranty doesn't apply, and no bond secures the sponsor's obligations. The sponsor must still build to code and the filed plans.
• Roof drains. The special risks say roofs and terraces over apartments lack emergency secondary drains, though the architect's report describes drains with a secondary overflow. Ask which is right.
• Rooftop grill. The gas budget includes a common grill on the roof, but the plan also bans gas and charcoal barbecues on common areas. Ask how that will work.
• Sponsor control. The sponsor controls the board for up to a year after the first closing and can veto staff changes, improvements and borrowing for up to five years.
• Disputes and rules. Condo disputes go to arbitration with no appeal, and you waive a jury trial on the purchase agreement. Smoking and vaping are banned everywhere, including inside apartments. Short-term and hotel-style rentals aren't allowed.
• The community facility unit. Its owner can subdivide it, alter it and put up lit signs on the front of the building without the board's approval, and it appoints one board member.

FAQ

Does Kensington Manor have parking?

Yes. There are 38 deeded, self-park spaces on the ground floor, entered from East 9th and East 8th Streets, sold only to apartment owners. The original prices were $93,500 for a covered space and $66,000 for an open one. See deeded vs. licensed parking.

How much are common charges at Kensington Manor?

Under the sponsor's first-year projection, about $221 to $834 a month depending on the apartment, with projected property taxes of about $384 to $1,438 a month on top. Gas for cooking and hot water is included. Electricity isn't.

Does Kensington Manor have a doorman?

No. The budget pays for a live-nearby superintendent and a porter, each working weekdays, plus a video intercom. The plan says no CCTV system will be installed.

Are pets allowed at Kensington Manor?

The rules say there are no pet restrictions, and there's a pet spa in the cellar.

Where this comes from: the building's offering plan (CD240058), filed with the New York Attorney General, including its Schedule A price list, Schedule B first-year budget and the architect's description of the property. Prices are the sponsor's original offering prices, not sales, and later amendments may have changed them. Updated October 2026.