Bleecker Street Tenants Corp. v. Bleeker Jones LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Saxe, J.
This appeal requires us to consider the centuries-old rule against perpetuities, specifically, whether the exception to the prohibition against remote vesting of options appurtenant to a lease is applicable to the renewal option clause contained in the parties’ lease.
Plaintiff Bleecker Street Tenants Corp. is the owner of the building located at 277-279 Bleecker Street, a six-story walkup that was converted to cooperative ownership effective September 1, 1983. Contemporaneously with the co-op conversion, the building’s first-floor commercial space was leased to…
2Cases cited13 opinions
- Metropolitan Transportation Authority v. Bruken Realty Corp.New York Court of Appeals · 1986
- Kennedy v. . City of New YorkNew York Court of Appeals · 1909
- Taylor v. United States Casualty Co.New York Court of Appeals · 1936
- Buffalo Seminary v. McCarthyAppellate Division of the Supreme Court of the State of New York · 1982
- Symphony Space, Inc. v. Pergola Properties, Inc.New York Court of Appeals · 1996
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3Cited by8 opinions
- Bleecker Street Tenants Corp. v. Bleeker Jones LLCNew York Court of Appeals · 2011
- Soldiers', Sailors', Marines' & Airmen's Club, Inc. v. Carlton Regency Corp.New York Supreme Court · 2010
- Tricarichi v. MoranAppellate Terms of the Supreme Court of New York · 2012
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