Stecher v. 85th Estates Co.

in a separate memorandum as follows: Pursuant to a lease executed in January 1992, plaintiff leased a rent stabilized apartment from defendant 85th Estates Company (the Company), the net lessee of the building in which the apartment is located. According to plaintiff, defendant Perlbinder, a principal of the Company, demanded that plaintiff pay $50,000 as a condition to obtaining the lease. The $50,000 payment would also serve as consideration for defendants’ promise continually to renew the lease for additional terms. Plaintiff allegedly paid this $50,000 “fee” to Perlbinder in early…