In Record Time Adam Leitman Bailey, P.C. Counsels and Negotiates a Favorable Settlement Saving Client Hundreds of Thousands of Dollars
A shareholder of a luxury midtown Manhattan co-op was approached by its building’s co-op board who needed to make repairs to the building’s facade as required by the City’s Local Law 1198 (“LL1198”). In order to make these repairs, the co-op needed to occupy Adam Leitman Bailey, P.C.’s client’s Penthouse roof for 4-5 months, destroying the expensive decking, and damaging Adam Leitman Bailey, P.C.’s client’s expensive plantings, in order to stage and anchor “drop scaffolding” from the roof, causing significant expense for the shareholder. The shareholder approached Adam Leitman Bailey, P.C. to assist in this matter.
With a time frame of less than a week before the roof work was set to begin Adam Leitman Bailey, P.C. attorneys needed to prepare a strategy immediately. Adam Leitman Bailey, P.C. attorneys began by reviewing the relevant co-op and shareholder documents, statutes, codes, and case law, contacting local architects, engineers, and contractors, and preparing a letter to the co-op board outlining the shareholder’s rights, risks to the co-op if it moved forward with its planned roof work, and potential alternatives that the building should explore.We also arranged for our client to meet with a new architect who reviewed the roof plan and the co-op’s rationale for the repairs and suggested series of less intrusive options to address the facade and scaffolding issues. Armed with this information and Adam Leitman Bailey, P.C.’s extensive research, Adam Leitman Bailey, P.C.’s client was confident that the roofing crisis could likely be averted and was able to reach a consensus with the board without engaging in litigation. Adam Leitman Bailey, P.C.’s attorney’s extensive research and calculated approach to the matter assisted in diffusing a tense situation, and producing a positive result for Adam Leitman Bailey, P.C.’s client, despite an expedited and demanding schedule.
Eric Askanase, John Desiderio, and Israel Katz of the real estate litigation group at Adam Leitman Bailey, P.C. represented the shareholder in this matter.