Johnson v. New York State Urban Development Corp.

OPINION OF THE COURT

Edward H. Lehner, J.

The above two special proceedings are consolidated herein for disposition.

In the initial proceeding, commenced by Alvin Johnson individually and as president of the unincorporated association of tenants residing at 1900 Lexington Avenue (the building), petitioner seeks to enjoin the respondent UPACA Terrace Houses, Inc., the owner of the building (the owner), from prepaying the mortgage on the building currently held by respondent New York State Urban Development Corporation (UDC). The effect of a prepayment is that the building, which was built in…