Pal Blade Co. v. Mathushek Piano Manufacturing Co.

The landlord has instituted these proceedings to obtain possession of the basement, store, mezzanine and second floors in the building known as 43 West 57th Street, New York City. It bases its right to possession upon subdivision (d) of section 8 of the Commercial Bent Law (L. 1945, ch. 3, as amd.); and claims that it seeks in good faith to recover possession of the commercial spacfe for its own immediate and personal use; that it has an equity in the property of not less than 25% of the purchase price and that it possesses ail interest of not less than 50% of the whole investment in the…