Legal Opinion
2550 Olinville Avenue, Inc. v. Crotty
New York Supreme Court
Decided January 29, 1991PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Herman Cahn, J.
Plaintiffs move and defendants cross-move for an order, pursuant to CPLR 3212, granting summary judgment in their respective favor.
This action involves the right of private housing companies participating in the Mitchell-Lama program to "privatize” or buy their way out of regulation by the city by prepaying their outstanding mortgage indebtedness, presumably so that they can "go private” and sell shares of stock or the apartments at market prices to the highest bidder rather than being limited to charging below market rents to people of low or moderate…
2Cases cited8 opinions
- Mallad Construction Corp. v. County Federal Savings & Loan Ass'nNew York Court of Appeals · 1973
- Scruggs-Leftwich v. Rivercross Tenants' Corp.New York Court of Appeals · 1987
- Arthur v. BurkichAppellate Division of the Supreme Court of the State of New York · 1987
- George H. Nutman, Inc. v. Aetna Business Credit, Inc.New York Supreme Court · 1982
- MATTER OF AMSTERDAM-MANHATTAN ASSOCS. v. JoyNew York Court of Appeals · 1977
3 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Columbus Park Corp. v. Department of Housing Preservation & DevelopmentNew York Court of Appeals · 1992
- Columbus Park Corp. v. Department of Housing Preservation & DevelopmentAppellate Division of the Supreme Court of the State of New York · 1991
- Real Estate Board of New York, Inc. v. City CouncilNew York Supreme Court · 2007
- 2550 Olinville Avenue Inc. v. CrottyAppellate Division of the Supreme Court of the State of New York · 1992