Latipac Corp. v. BMH Realty LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Friedman, J.P.
The parties entered into an agreement for the purchase and sale of an apartment building for which the owner received J-51 tax benefits. The agreement included a representation that, as of its date, nine of the building’s apartments were fair-market rental units; the owner had deemed those units deregulated pursuant to the luxury decontrol provisions of the Rent Stabilization Law. Before the transaction closed, this Court issued a decision (subsequently affirmed by the Court of Appeals) holding that rent-stabilized apartments in a building receiving J-51 tax…
2Cases cited17 opinions
- Cobble Hill Nursing Home, Inc. v. Henry & Warren Corp.New York Court of Appeals · 1989
- Roberts v. Tishman Speyer Properties, L.P.New York Court of Appeals · 2009
- Gersten v. 56 7th Avenue LLCAppellate Division of the Supreme Court of the State of New York · 2011
- Sewell v. . UnderhillNew York Court of Appeals · 1910
- Anderson v. Steinway & SonsAppellate Division of the Supreme Court of the State of New York · 1917
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