Hudson Terrace - Fort Lee, NJ

Convenient & Affordable Living

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Hudson Terrace is a cooperative with offices located at 2329-2339 Hudson Terrace, Fort Lee, New Jersey consists of 4.182 acres of land on which are located three five-story apartment buildings consisting of approximately 190,000 square feet of residential space which contain 224 residential apartments.

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Purchasers of an apartment buy shares in the Cooperative Corporation which will own the land and apartment buildings.  

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These purchasers of shares will be entailed to a special form of lease for one of 224 co-operative apartments and 19 garages, commonly known as a Proprietary  Lease.

 

One of the 224 apartments is reserved for use by the Superintendent.

The affairs of the Co-operative Corporation are conducted by a Board of Directors.

 

The B-Laws of the Co-operative Corporation govern to the operation of the Co-operative Corporation.

A purchaser will pay as an annual maintenance charge, a proportionate share of the Co-operative Corporation's cash requirements for the operation and maintenance of the Project and creation of such reserve for contingencies as the Board of Directors shall deem proper.