Penny Levine is a Special Counsel in Stroock�s Real Estate Group. She represents cooperative housing corporations and condominium associations in a broad range of transactions, including financing, leasing and construction matters. Ms. Levine also counsels co-op and condominium boards on matters pertaining to board authority, management and shareholder/unit owner issues, as well as counseling boards and investors regarding rights of holders of unsold shares.

Ms. Levine has handled various lending transactions, including sophisticated multi-million dollar mortgage loan financings for several co-ops, including The Pierre (795 Fifth Avenue), The Sherry-Netherland (781 Fifth Avenue), The Ritz Tower (465 Park Avenue), The Carlyle Hotel (35 East 76th Street) and The Brevard (245 East 54th Street).

Her leasing experience includes negotiating and drafting retail and garage leases, as well as addressing proprietary lease issues. Ms. Levine has prepared construction contracts for all types of projects, including window replacement, fa�ade work, roof and terrace repairs, elevator repairs and replacement and lobby renovation.

Ms. Levine has also counseled co-ops on the sale of shares for commercial space for 118 East 60th Street, 301 East 78th Street and 133 East 64th Street, as well as creating a condop for 61 West 62nd Street. Ms. Levine has experience in hotel management and management transfer issues, having counseled several hotel cooperatives such as The Pierre, The Sherry-Netherland and The Carlyle.

Admitted to Practice

New York; New Jersey

Education

J.D., Brooklyn Law School, 1986

B.A., UCLA, 1981