Lisa R. Radetsky

Lisa R. Radetsky

Member
Location:
New York, New York
Phone:
212-551-8428
Fax:
212-551-8484
E-mail:

Lisa R. Radetsky joined Rosenberg & Estis in 2008 as a member of the Transactions and Leasing department.  Ms. Radetsky focuses on the representation of developers in acquiring, financing, constructing and converting properties to condominium or cooperative ownership and the representation of non-profit organizations in the conversion of properties to condominium ownership to achieve tax exemptions.  Her practice includes the preparation and drafting of cooperative and condominium offering plans for vacant and occupied residential properties and mixed-use projects and the registration of such offering plans with government agencies.  In addition, her practice includes the drafting and creation of fee and leasehold commercial condominiums including the preparation of all requisite "no action" letter applications in connection therewith. 

Ms. Radetsky's practice and experience also includes a broad range of transactional matters including sales and acquisitions, and lending including construction financing and mezzanine lending, and leasing.  Recently, she has represented developers in the acquisition of properties for residential developments in which the commercial space will be retained by the Seller.  Ms. Radetsky is often consulted as special counsel to perform due diligence for loan financing for condominium projects. Ms. Radetsky has extensive experience in structuring transactions and in the preparation of operating agreements creating ownership structures to achieve the objectives of her clients. She also represents boards of condominiums and cooperatives in legal matters concerning cooperatives and condominiums, including advice regarding and amendments to their governing documents.

Transactions include:

  • Creation of a fee condominium and a leasehold condominium for the Durst Organization to facilitate bond financing of buildings containing affordable housing units.
  • Conversion of a building designed for laboratory research into a fee condominium for Cornell University and the sale of a Unit to the City University of New York.
  • Represented Cornell University in the negotiation of a net lease and the creation of a leasehold condominium for designed for laboratory research and the sale of a unit therein to the Hospital for Special Surgery.
  • Creation of a leasehold condominium for a not-for-profit foundation, which was a subleasehold estate and the subsequent conveyance of units to the sublessor.
  • Represented Grace Church School in the creation of a leasehold condominium and the subsequent conveyance of units to the lessor and the securing of an exemption from real estate taxes.
  • Represented the Icahn Medical School at Mount Sinai in the creation of a leasehold condominium.
  • Represented developer in acquisition and construction financing involving three tiers of mezzanine financing.
  • Represented developer in the creation of a homeowner's association.
  • Represented a cooperative in connection with the sale of a portion of its property, and the available development rights in exchange for cash consideration and improvements in kind including a below grade easement for parking.

Ms. Radetsky's offering plans for the conversion of rental buildings include the Nolita Place Condominium at 199 Bowery, the 22 Riverside Drive Condominium and the 235 West 71st Street Condominium. She has prepared plans for The Sweeney Building and the 70 Washington Street Condominiums in DUMBO. Her recent projects include the 471 Washington Street Condominium, the One North Moore Condominium, the 11 North Moore Condominium and 290 West Street in TriBeCa. 

Ms. Radetsky is a member of the Condominium and Cooperative Committee, Real Property Law Section of the New York State Bar Association.

Lisa R. Radetsky joined Rosenberg & Estis in 2008 as a member of the Transactions and Leasing department.  Ms. Radetsky focuses on the representation of developers in acquiring, financing, constructing and converting properties to condominium or cooperative ownership and the representation of non-profit organizations in the conversion of properties to condominium ownership to achieve tax exemptions.  Her practice includes the preparation and drafting of cooperative and condominium offering plans for vacant and occupied residential properties and mixed-use projects and the registration of such offering plans with government agencies.  In addition, her practice includes the drafting and creation of fee and leasehold commercial condominiums including the preparation of all requisite "no action" letter applications in connection therewith. 

Ms. Radetsky's practice and experience also includes a broad range of transactional matters including sales and acquisitions, and lending including construction financing and mezzanine lending, and leasing.  Recently, she has represented developers in the acquisition of properties for residential developments in which the commercial space will be retained by the Seller.  Ms. Radetsky is often consulted as special counsel to perform due diligence for loan financing for condominium projects. Ms. Radetsky has extensive experience in structuring transactions and in the preparation of operating agreements creating ownership structures to achieve the objectives of her clients. She also represents boards of condominiums and cooperatives in legal matters concerning cooperatives and condominiums, including advice regarding and amendments to their governing documents.

Transactions include:

  • Creation of a fee condominium and a leasehold condominium for the Durst Organization to facilitate bond financing of buildings containing affordable housing units.
  • Conversion of a building designed for laboratory research into a fee condominium for Cornell University and the sale of a Unit to the City University of New York.
  • Represented Cornell University in the negotiation of a net lease and the creation of a leasehold condominium for designed for laboratory research and the sale of a unit therein to the Hospital for Special Surgery.
  • Creation of a leasehold condominium for a not-for-profit foundation, which was a subleasehold estate and the subsequent conveyance of units to the sublessor.
  • Represented Grace Church School in the creation of a leasehold condominium and the subsequent conveyance of units to the lessor and the securing of an exemption from real estate taxes.
  • Represented the Icahn Medical School at Mount Sinai in the creation of a leasehold condominium.
  • Represented developer in acquisition and construction financing involving three tiers of mezzanine financing.
  • Represented developer in the creation of a homeowner's association.
  • Represented a cooperative in connection with the sale of a portion of its property, and the available development rights in exchange for cash consideration and improvements in kind including a below grade easement for parking.

Ms. Radetsky's offering plans for the conversion of rental buildings include the Nolita Place Condominium at 199 Bowery, the 22 Riverside Drive Condominium and the 235 West 71st Street Condominium. She has prepared plans for The Sweeney Building and the 70 Washington Street Condominiums in DUMBO. Her recent projects include the 471 Washington Street Condominium, the One North Moore Condominium, the 11 North Moore Condominium and 290 West Street in TriBeCa. 

Ms. Radetsky is a member of the Condominium and Cooperative Committee, Real Property Law Section of the New York State Bar Association.

Year Joined Firm

  • 2008

Areas of Practice

  • Transactional Law
  • Real Estate Leasing
  • Real Estate Development
  • Condominium/Cooperative Law

Bar Admissions

  • Supreme Court of the United States of America
  • New York

Education

  • Georgetown University Law Center
    • J.D.
  • Brandeis University
    • B.A. (Summa Cum Laude)
    • Major: History with High Honors

Honors and Awards

  • New York Super Lawyers, 2015 - 2017

Professional Associations and Memberships

  • Association of Real Estate Women, Member
  • New York State Bar Association, Committee on Cooperatives and Condominiums