216 Garage, Inc. v. Roth

The complaint alleges in the first canse of action that on February 28, 1951, one Mayersohn as tenant rented the premises 216 West 95th Street from Newmont Realty Corp., the owner. On the same day plaintiff sublet the premises from Mayersohn. The term of the latter lease was 1951-1961 and it was registered. Pursuant to the terms of the lease plaintiff deposited $25,000 with Mayersohn to insure its performance and the lease provided that in the event of a sale by Mayersohn, she had the right to transfer the security for the benefit of plaintiff and same would constitute a discharge of…