457 Madison Avenue Corp. v. Lederer De Paris, Inc.

Order and judgment (one paper), Supreme Court, New York County (Marylin G. Diamond, J.), entered January 12, 2007, declaring that defendant subtenant was not entitled to exercise its option to extend the term of its sublease with plaintiff net lessee, and awarding damages in favor of plaintiff and against the subtenant and its guarantors, the individual defendants, of $2,112,771.05, representing fixed rent due, additional rent due in the form of real estate tax escalations, operating expense escalations and late charges, and attorneys’ fees, unanimously affirmed, with costs.

The motion court…