Legal Opinion
233 East 86th Street Corp. v. Park East Apartments, Inc.
New York Supreme Court
Decided February 27, 1986PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Harold Tompkins, J.
Introduction
A recent Federal statute, the Condominium and Cooperative Abuse Relief Act of 1980, 15 USC § 3601 et seq. (hereinafter cited as the Condominium Act), enables cooperative or condominium unit owners to terminate certain contracts entered into between the cooperative or condominium corporation and the sponsor. Typical of such arrangements — often called "sweetheart deals” — is the long-term lease with successive automatic renewal rights granted to the sponsor at favorable *243rates. These leases become a burdensome economic charge against the…
2Cases cited11 opinions
- Usery v. Turner Elkhorn Mining Co.Supreme Court of the United States · 1976
- Kahn v. ShevinSupreme Court of the United States · 1974
- First National Stores, Inc. v. Yellowstone Shopping Center, Inc.New York Court of Appeals · 1968
- Post v. 120 East End Avenue Corp.New York Court of Appeals · 1984
- SHAD Alliance v. Smith Haven MallNew York Court of Appeals · 1985
6 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Manhattan Parking System-Service Corp. v. Murray House Owners Corp.Appellate Division of the Supreme Court of the State of New York · 1995
- Phoenix Tenants Ass'n v. 6465 Realty Co.Appellate Division of the Supreme Court of the State of New York · 1986
- Coliseum Park Apartments Co. v. Coliseum Tenants Corp.District Court, S.D. New York · 1990
- 305 East 40th Garage Corp. v. 305 East 40th Owners Corp.District Court, S.D. New York · 1993
- Park East Apartments, Inc. v. 233 East 86th Street Corp.Civil Court of the City of New York · 1988