10 East Realty, LLC v. Incorporated Village of Valley Stream

*771The respondent 1 E. Lincoln Realty Corp. (hereinafter Lincoln Realty) entered into a contract with the respondent Incorporated Village of Valley Stream under which Lincoln Realty would purchase from the Village a parcel of property which had been used as a municipal parking lot. The petitioners commenced a proceeding pursuant to CPLR article 78, challenging the determination authorizing the Village’s sale of the parking lot to a private entity on the ground, inter alia, that the sale violated the public trust doctrine (see Matter of 10 E. Realty, LLC v Incorporated Vil. of Val. Stream, 49…