141 East 47th Street Associates v. ABR Management, Inc.

*342Pursuant to real property management agreements, defendant was designated the exclusive managing and leasing agent for four of plaintiffs’ buildings. Plaintiffs commenced this action for breach of these agreements alleging, inter alia, that defendant failed to obtain maximum rentals for two residential apartments by charging rent controlled rents, when, in fact, the apartments were not subject to rent control. Additionally, the complaint asserted that the operating expenses for all of the buildings were grossly excessive. The jury awarded damages for these items and we find no basis to set…