Legal Opinion
East New York Savings Bank v. 520 West 50th St. Inc.
New York Supreme Court
Decided February 16, 1994PublishedCited by 2 opinions
1Opinion of the Court
*267OPINION OF THE COURT
Lewis R. Friedman, J.
The tight economy brings rising pressure on cooperative housing companies to meet expenses. Foreclosure proceedings such as the case at bar result when the parties cannot work out their differences (see, New York Times, June 16, 1991, section 10, at 1; cf, De Santis v White Rose Assocs., 152 Misc 2d 567). This motion for an injunction raises an issue, not discussed in the reported cases, of the power of the board of directors of a cooperative housing corporation to reduce the "maintenance,” or rent, to be paid by the proprietary lessees during the…
2Cases cited11 opinions
- Levandusky v. One Fifth Avenue Apartment Corp.New York Court of Appeals · 1990
- Prudence Co. v. 160 West Seventy-Third Street Corp.New York Court of Appeals · 1932
- Markantonis v. Madlan Realty Corp.New York Court of Appeals · 1933
- Poughkeepsie Savings Bank v. R & G Sloane Manufacturing Co.Appellate Division of the Supreme Court of the State of New York · 1981
- Bankers Trust Co. v. Board of Managers of the Park 900 CondominiumNew York Court of Appeals · 1993
6 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Davis v. ColeNew York Supreme Court · 2002
- East New York Savings Bank v. 520 West 50th Street, Inc.New York Supreme Court · 1994