Olympia & York 2 Broadway Co. v. Produce Exchange Realty Trust
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Fein, J.
Defendant fee owner appeals and plaintiff lessee cross-appeals from an order of Supreme Court, New York County (Saxe, J.), entered October 13, 1982 denying summary judgment to both, finding there were triable issues (115 Misc 2d 874).
The underlying issue here is the appropriate method to appraise commercial property at 2 Broadway in Manhattan. Plaintiff’s predecessor had leased the premises from defendant’s predecessor in 1956. The amended lease provided for a term of 50 years with a fixed rental for the first 25 years and with the rental for the remaining 25 years…
2Cases cited15 opinions
- McAnarney v. Newark Fire InsuranceNew York Court of Appeals · 1928
- Matter of Delmar Box Co.(ætna Ins. Co.)New York Court of Appeals · 1955
- Gervant v. New England Fire InsuranceNew York Court of Appeals · 1954
- Rice v. Ritz Associates, Inc.Appellate Division of the Supreme Court of the State of New York · 1982
- Ruth v. S. Z. B. Corp.New York Supreme Court · 1956
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3Cited by15 opinions
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- Grosz v. Serge Sabarsky, Inc.Appellate Division of the Supreme Court of the State of New York · 2005
- Perlbinder v. JakubovitzAppellate Division of the Supreme Court of the State of New York · 1997
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