Selling of parking spaces in co-operative

[EAhearn]

Hello: The building in question, 144 units, Bay Ridge Brooklyn, incorporated in October 1987. Backbround: there are 77 parking units, approx. 72 of which are not currently rented on a montly basis by rent stabilized tenants who chose not to purchase in 1987. Question: what are the implications of parking spaces are sold? It means less income for the building (loss of rent) and therefore diminishes value of shares to all shareholders who do not purchase. Additionally, there are insufficient spaces to offer all shareholders the opportunity to purchase a space. Also, would the income from sale of spaces represent too much income from non-maintenance source and violate co-op laws in NY? (that was said at annual meeting). Thanks in advance for your replies. Any other issue not raised, please respond. (i.e., can a non-purchasing shareholder sue remainder of bldg. for lack of access to garage, since when shares were purchased the garage access on a rental basis was a benefit of being a shareholder?)