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Cooperatives and Condominiums

Daniels O’Connell PC is active in all areas of condominium and cooperative law. Whether we’re working with developers on mixed-use projects, counseling lenders, or assisting cooperative or condominium boards, managing agents, tenant-shareholders or unit owners, our attorneys understand all sides of these multifaceted transactions.

Condominium and Cooperative Development

We regularly help real estate developers navigate the many complicated requirements for ongoing public offerings of new construction and conversion projects in New York State. Our attorneys have a combined expertise of over 50 years and have drafted and reviewed hundreds of offering plans for both new and sophisticated developers. Where necessary we can act as “quarterback” for the offering plan, bringing the necessary professionals with the required experience together to ensure a successful offering.

Condominium and Cooperative Counsel

Our attorneys currently serve as general counsel to the boards of directors and managers of numerous cooperatives and condominiums throughout the New York metropolitan area. Clients range from large, luxury buildings to small brownstones and include buildings converted from rental premises as well as new construction projects. Our approach is to provide economical and efficient assistance, keeping it simple where possible while at the same time providing innovative approaches, and giving all of our clients the benefit of our experience and sophisticated skills.  Individual cooperatives and condominiums turn to our team when dealing with transactional issues such as construction contracts, refinancings, corporate governance and sales.

Areas of Focus

  • Day-to-day corporate counseling
  • Preparation of offering plans
  • Negotiation and preparation of commercial leases, construction contracts and management contracts
  • Representation on refinancing of underlying building mortgages and condominium loans
  • Modification of bylaws, declaration, and house rules
  • Oversight of construction and renovation projects
  • Dealings with the Attorney General’s office
  • Corporate governance issues
  • Acting as a transfer agent