Steve Troup chaired the Cooperative and Condominium practice. As counsel to approximately 60 residential and mixed-use cooperative corporations and condominium associations, he advises on cooperative and condominium law, governance issues, construction issues, financing
Acting as a trusted advisor, Steve counsels small businesses, serving their contract, financing, corporate and related needs.
A trained mediator, Steve serves on the panel of the Co-op/Condo Dispute Resolution Project of the New York City Bar Association. Steve also conducts private mediation work.
What I do when not practicing law:
Steve and his wife Debbie are avid skiers, hikers, bicyclists and travelers.
Cooperative and Condominium chair Steve Troup and counsel Chris Tumulty recently won a significant victory for a cooperative apartment board client in New York Supreme Court involving both co-op governance and construction law issues. We were retained by the co-op to address a dangerous condition on its roof, which was created by the penthouse owners’ illegal alterations over many years to their apartment and the rooftop above.
Cooperative and Condominium practice chair Steve Troup participated in a Q&A in The Cooperator where a tenant asked whether the president of a co-op board is allowed to collect proxies from other residents. Steve explains, “So long as there is no misrepresentation or intimidation, there’s nothing illegal about what the reader is complaining about. Anyone can do what she is doing.” Steve has been a frequent contributor to The Cooperator, a leading industry publication in the co-op and condo industry.
Cooperative and Condominium partner Steve Troup was quoted in the article, “The Limits of Board Powers” by The Cooperator. The article explored what board members of co-op and condo boards can and cannot do to ensure that the individual and collective actions of a board meet all legal and ethical requirements.
Cooperative and Condominium practice chair Steve Troup was quoted in The Cooperator article, “Making Special Assessments Work: Fixed Incomes, Low Incomes & Hard Times.”
Cooperative and Condominium practice chair Steve Troup was quoted in The Cooperator article, "Soundclash: When Residential Condos and Commercial Tenants Can’t Hear Ear-to-Ear." Steve points out that courts generally hesitate to evict commercial tenants over residents’ noise complaints, but prefer instead to use mediation for dispute resolution.
Cooperative and Condominium chair and partner Steve Troup was featured in a Q&A in The Cooperator where a tenant asked whether a shareholder, who is not a licensed and insured contractor, to perform gutter and minor roof repairs.
Steve Troup was selected by the Cooperative & Condominium Law Committee of the New York City Bar Association as a member of the Contract Revision Subcommittee, which is charged with revising the standard form of purchase and sale agreement for co-op apartments in New York.
Cooperative and Condominium Practice chair Steve Troup was recently featured in a Cooperator New York article on evaluating prospective buyers’ finances when purchasing a co-op apartment.
Construction Group partner Laurie Stanziale and Cooperative and Condominium chair Steve Troup published an article for Law360 on “What to Know About Licensing Agreements With Neighbors.”
An article by Cooperative and Condominium chair Steve Troup on the importance of putting modern alteration agreements into place when any serious construction is occurring in a co-op was featured in Habitat magazine.
Steve Troup was quoted in “When Residents Are Disruptive” published by The Cooperator.
Steve Troup was quoted in The Cooperator's article, "Good Boards Make Strong Communities."
Steve Troup, Chair of the Cooperative and Condominium Practice, was quoted in The Cooperator’s article “Going it Alone.”
The Cooperator’s article “Foundational Documents for Co-ops & Condos” states the importance of up-to-date and accurate foundational documents for co-ops and condos.
Partner Steve Troup was quoted in the June 2014 issue of The Cooperator. The article “What You’re Getting Into – Vetting Contracts Before You Sign” addresses issues that board members and managers should consider when signing contracts on behalf of co-op and condo associations.
Steven Troup was featured in the Q&A section of the Cooperator’s July 2013 issue. The article, titled “Unfairly Charged” addresses the question of how a co-op homeowner should handle a dispute with management about unfair expenses incurred.
Tarter Krinsky & Drogin successfully negotiated and closed an $18.1 million mortgage financing transaction for a cooperative client.
Tarter Krinsky & Drogin Partner Steven Troup recently won favorable decisions in court hearings for two condominium clients.
Tarter Krinsky & Drogin recently resolved a difficult matter involving the house left by our client’s deceased grandmother.
Tarter Krinsky & Drogin recently closed a complex underlying mortgage refinancing for a 164-unit Upper East Side co-op with National Cooperative Bank.
Tarter Krinsky & Drogin recently closed an unusual transaction on behalf of a co-op client consisting of 30 apartments owned by investors, occupied by rent-stabilized tenants, which were sold to another investor group.
Tarter Krinsky & Drogin represented client 88 Laight Street, LLC to close $2 million in additional financing to complete the The Glass Condominium project.
Tarter Krinsky & Drogin represented a client who owns and manages an existing, successful, high-end catering business in Manhattan in the acquisition of a large competitor.
On April 3, Cooperative and Condominium chair Steve Troup will speak with a group of entrepreneurs at the Brooklyn Public Library in Williamsburg on the legal and practical considerations for start-up businesses in New York City. The program, which is part of a series for entrepreneurs, is sponsored by the New York City Department of Small Business Services.
Cooperative and Condominium practice chair Steve Troup was a featured panelist at REBNY’s NYC Commercial Real Estate Course on April 23. Steve spoke on co-op board representation and shared behind-the-scenes advice that attorneys give boards about purchasing in trusts, parental assistance, access agreements and maintenance in escrow.
The Council of New York Cooperatives and Condominiums and the New York City Bar Association Co-op/Condo Residential Dispute Resolution Program present "Effectively Resolve Your Coop/Condo Disputes – The Mediation Solution."
Steven Troup spoke at Strategic Steps for Growth for Young Media Companies, ponsored by the Mayor’s Office on Small Business and New York University.
Steve Troup will speak at the “NYC Office on Condominium Market Overview” sponsored by Bank of America Merrill Lynch and Rudder Property Group.
As we start a new year, we would like to share with you some of our most popular legal alerts from 2019.
Our top-read alerts range from construction, labor & employment, tax, immigration, trusts & estates, cooperatives & condominiums, real estate, corporate & securities, litigation and intellectual property, reflecting the broad array of our full-service practice. We hope that our alerts have been valuable to you and your colleagues, and demonstrate our commitment to providing helpful information to you.
As we head into summer, we would like to share with you some of our most popular legal alerts from the first half of 2019.
Our top-read alerts range from construction, labor and employment, tax, corporate and securities, immigration, cooperatives and condominiums, commercial leasing, real estate, litigation and intellectual property, reflecting the broad array of our full-service practice. We hope that our alerts have been valuable to you and your colleagues, and demonstrate our commitment to providing helpful information to you.
Late last year, the New York State Supreme Court, Appellate Division, First Department issued a decision regarding the enforceability of an attorneys’ fees provision in a Manhattan cooperative’s proprietary lease. In its decision in Krodel v. Amalgamated Dwellings Inc., the Appellate Division found that the attorneys’ fees provision was unenforceable to the extent that it allowed the co-op to recover attorneys’ fees from a tenant if the tenant commenced an action against the co-op, regardless of whether the co-op was or was not in default.
Steve Troup authored the article, “When Owners Want a Peek Behind the Curtain… Make Sure Nothing Scandalous Gets Out” for Habitat magazine. In the article, Steve explained that there are documents that must be turned over to shareholders or unit-owners of co-ops or condos if requested in good faith.