Tarter Krinsky & Drogin LLP represented Gracie Terrace Apartment Corp., a cooperative apartment corporation, against a shareholder who sought to enjoin the co-op from effective repairs to their apartment. The shareholder argued that the modifications planned by the co-op would decrease the size of the apartment, and as a result would be a violation of their proprietary lease. In Goldstone v. Gracie Terrace Apartment Corp., the Appellate Division, First Department panel ruled that because the shareholder could be compensated for any loss in square footage, “allowing the co-op to make the changes would not be irreparable harm.” The decision was featured on the front page of the New York Law Journal on Thursday, August 29.

Andrew Krinsky, a Partner in Tarter Krinsky & Drogin’s Litigation Group, and David Pfeffer, Chair of Tarter Krinsky & Drogin’s Construction Group, represented our client in this matter.