In re Block 1524 Construction Corp.

DECISION AND ORDER

CONRAD B. DUBERSTEIN, Chief Judge.

Debtor (hereinafter “debtor” or “Block 1524” where appropriate) and State Management Company (“State Management”) seek an order compelling the City of New York (“City”) to allow redemption and turnover of certain real property pursuant to 11 U.S.C. § 542(a) and accept payment of tax arrearages owed by the debtor to the City on the property.

The City, claiming that it acquired title to the property in fee simple absolute prior to the commencement of this case, opposed the motion on grounds that turnover is inappropriate because the debtor has…