Cooperative and Condominium Law


General Counsel To Coops and Condos

Axelrod, Fingerhut & Dennis is general counsel and litigation counsel to many of New York City’s finest cooperatives and condominiums.

Our firm represents a broad array of cooperative and condominium buildings, from complexes of over 1,700 units to buildings with as few as five units.
 
Providing a Full Range of Services
General representation and day-to-day legal counseling and strategy
Revising corporate documents (including proprietary leases, by-laws and house rules)
Refinancing cooperative mortgages
Review of management contracts and construction contracts
Negotiation and preparation of commercial leases and licenses
Negotiation and litigation of disputes between cooperative corporations or condominium boards and (i) their sponsors, (ii) their shareholders or (iii) their commercial tenants
Acting as transfer agent
 
Solid Achievements on Behalf of Our Clients

Board of Directors Succession

Successfully represented shareholder group in proxy fight, enabling our clients to accede to rightfully elected positions on a cooperative’s Board of Directors

Enforcement of By-Laws

Successfully represented Homeowner’s Association against breakaway component condominium division to enforce By-Laws, resulting in component condominium’s consent to amendment of By-Laws

Discrimination Complaint

Successfully defended discrimination complaint against cooperative corporation before the New York City Human Rights Commission

Sponsor Default

Successfully negotiated seven figure settlement from sponsor in action initiated with the Attorney General’s Office to repair defects due to sponsor neglect

Flip Tax

Successfully defended challenge to cooperative corporation’s duly enacted flip tax

Permissive Use
 
Successfully litigated a 30 Unit Washer/Dryer case where we persuaded the trial court to apply the Business Judgment Rule in evaluating the enactment and enforcement of a House Rule change that reversed a long history of permissive washer/dryer use resulting in judgments of possession against all non-curing shareholders and, after affirmance on appeal, a large fully compensatory legal fee award to the cooperative.

CONTACT US NOW
 
260 Madison Avenue
New York, New York 10016
  
Tel (212) 702-0900
Fax (212) 355-7365
 
 
   
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