Legal Opinion
Northern Metropolitan Residential Health Care Facility, Inc. v. Ledri Realty Associates Inc.
Appellate Division of the Supreme Court of the State of New York
Decided April 9, 1992PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Mahoney, J.
In 1972, Maple Leaf Construction Corporation (hereinafter the mortgagor) was the owner of certain unimproved real property located in the Town of Ramapo, Rockland County. Pursuant to a lease agreement with STB Investors Ltd. (hereinafter STB), the mortgagor agreed to construct a 120-bed nursing home on the property which STB was to operate. The lease term was for 20 years with an option to renew for two additional 20-year periods. Following a series of subleases and assignments, in 1981 the then-current tenant assigned the lease to plaintiff. At the time of…
2Cases cited2 opinions
- Hinman, Straub, Pigors & Manning, P. C. v. BroderAppellate Division of the Supreme Court of the State of New York · 1986
- Naccarato v. Van BurenAppellate Division of the Supreme Court of the State of New York · 1978
3Cited by4 opinions
- Shapiro v. ButlerAppellate Division of the Supreme Court of the State of New York · 2000
- Town of Caroga v. HermsAppellate Division of the Supreme Court of the State of New York · 2009
- Tilles Investment Co. v. Town of Oyster BayAppellate Division of the Supreme Court of the State of New York · 1994
- Meyers v. GellerAppellate Division of the Supreme Court of the State of New York · 1993