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Thank you for “services rendered” to my complete satisfaction. On that note, a special thank you to Judy Ramirez and Veronica Fuentes for their many contributions. With your knowledge and experience...

Thank you for doing such a great job representing my son on the purchase of his condo. As I am sure you could tell, he was very nervous about the whole thing, been waiting for the other shoe to...

On behalf of the family of the Estate of Marlene U., I would like to express my sincere gratitude to the law firm of Futterman, Sirotkin & Seinfeld, LLP for its unwavering commitment...

I feel blessed that somehow your firm in and my life crossed because the result is the quality of my mother’s life in respect to current and future needs is secure …

Dear Martin and Ira, thank you so much for working so hard on my case for so many years. My life changed 10 years ago when this occurred. I'm glad this chapter of my life has closed.

Just wanted to express how happy I am with your firm. I have known you for over 15 years starting with the purchase of my first home and when I continued utilizing your services when...

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I wanted to express my sincere gratitude for your efforts over the last two years regarding my case. Your attention to the details surrounding-my case was second to none...

Me sentir bien comoda con mi dos abogados, el Sr. Martin y el Sr. Futterman, que me trataron mi caso con mucha delicadeza y puecieron mucho tiempo en mi case

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Practice Areas Menu

Assisting You In The Buying And Selling Of Co-ops And Condos

Sale and purchase agreements involving co-op apartments are complicated documents requiring careful review. At Futterman, Sirotkin & Seinfeld, LLP, we have extensive experience with these specialized transactions.

As one of the oldest and largest law firms in Queens, our attorneys offer exceptional legal service and personal attention to clients throughout New York City and Long Island. Over our 60 years of practice, we have helped thousands of clients manage their legal needs. If you are considering selling or buying a co-op apartment, contact one of our knowledgeable lawyers to help you protect your interests and make your transaction a success.

The Requirement Of Due Diligence

In any real estate transaction, it is vital to lay the groundwork necessary to avoid potential problems. Many people waste time and money working on transactions only to have financing concerns, co-op board requirements or title issues derail the processes at the last minute. The depth of our experience allows us to protect our clients from these pitfalls. We know what questions to ask and what to look for to ensure that you are not wasting your time.

Experienced New York Attorneys For Purchasing A Co-op Or Condo

The issues involved in purchasing a co-op apartment are different from other real estate transactions. You will not get a deed to your apartment; you will instead receive a stock certificate, representing the shares of stock in the cooperative corporation that you own allocated to your individual apartment. The cooperative corporation is operated by a board of directors, elected by the shareholders, who have significant power concerning the operation of the corporation.

In addition, the board of directors has the power to decide if a prospective purchaser will be approved to become a shareholder in the corporation. Before buying a co-op apartment, you need the services of a knowledgeable attorney to review the corporate documents, house rules and the most recent corporate financial statements to assess the financial stability of the corporation and advise you properly. Attorney Lynn L. Sirotkin has extensive real estate closing experience.

We also represent co-op apartment sellers. When selling your cooperative apartment, it is vital that you retain the services of an experienced attorney to prepare a contract of sale to protect your interests. You also need to be fully apprised of all closing costs, including transfer taxes, flip taxes and fees, to enable you to determine what your net proceeds will be and help you decide if the transaction is appropriate for you.

The Legal Services We Provide

Our firm can assist you with any issue related to cooperatives, including:

  • Maintenance fees and hidden costs
  • Offering plan review
  • Review of corporate minutes
  • Financing concerns
  • Flip taxes
  • Limitations on the property (pet restrictions, ability to sublet, alteration policies)
  • Tax deductibility of maintenance fees
  • Insurance issues
  • Litigation

Contact Us

To discuss your legal needs in condominium or cooperative apartment transactions, contact us by email or call 866-679-2513 or 718-577-2573 today.

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