Condominiums & Cooperatives

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Kurzman Eisenberg’s Real Estate Practice Group provides comprehensive legal services for residential, commercial, office, and retail condominium and cooperative transactions.

With decades of experience in the New York metropolitan area, we have built a strong reputation representing condominium and cooperative boards, navigating regulatory requirements, and handling complex real estate matters with precision and efficiency.

Our Condominium and Cooperative Services

With a deep understanding of the legal and regulatory complexities involved in condominium and cooperative real estate, our attorneys provide strategic guidance and tailored solutions related to:

Representation of Condominium and Cooperative Boards

Our firm represents numerous condominium and cooperative boards throughout the New York metropolitan area, overseeing the legal needs of more than 3,800 units.

We advise boards on governance issues, regulatory compliance, financing matters, and day-to-day operational concerns, ensuring they can effectively manage their properties and fulfill their fiduciary responsibilities.

Regulatory Compliance and Offering Plan Guidance

Navigating New York’s complex regulatory environment is a critical aspect of condominium and cooperative transactions. Our attorneys have extensive experience working with the New York Attorney General’s office to ensure compliance with offering plan guidelines, amendments, and other statutory requirements.

We help developers, sponsors, and boards address regulatory challenges efficiently, minimizing delays and ensuring smooth transactions.

Financing and Mortgage Refinancing for Cooperatives

We have significant experience representing New York City cooperatives in the negotiation and structuring of financing transactions. Our attorneys assist boards in securing and refinancing underlying mortgages, leveraging financing options that align with the cooperative’s long-term financial health.

We also handle financing transactions secured by a board’s power to assess unit owners for common charges and special assessments, ensuring financial stability for cooperative communities.

Construction and Renovation Matters

Condominium and cooperative boards frequently face construction and renovation challenges, from capital improvements to individual unit owner alterations. Our team advises boards on negotiating construction contracts, addressing disputes, and ensuring compliance with building codes and regulations.

We also assist with drafting and negotiating alteration agreements that protect the board’s interests while allowing unit owners to modify their spaces within established guidelines.

Industry Leadership and Contract Development

Kurzman Eisenberg’s attorneys play a leading role in shaping industry standards for condominium and cooperative transactions. We have collaborated with both the New York City Bar and New York State Bar Committees to draft new forms of contracts of sale and alteration agreements, which have been formally approved by these organizations.

This thought leadership underscores our deep knowledge of the evolving real estate landscape and our commitment to providing cutting-edge legal solutions.