City of New York v. L.J.W.P. Realty Co. L. L. C.
Opinion of the Court
—Order, Supreme Court, New York County (Helen Freedman, J.), entered October 10, 1997, which, inter alia, directed defendants to sell the subject premises, and in the event that defendants failed to proffer an appropriate purchaser by a certain date, that the real property be sold at public auction, with a reserve price of $4.2 million, unanimously reversed, on the law and the facts, without costs, the order vacated, and the matter remanded to the Supreme Court for further proceedings in accordance herewith.
It was error for the IAS Court to include Lot 5 located at 133 Third Avenue within the order directing a sale. The Stipulation of Settlement and the Order dated October 19, 1990 referred only to the residential buildings known as the Sahara Hotel located at 125 to 131 Third Avenue, which does not include Lot 5.
Moreover, the motion court did not have authority to direct
Case-law data current through December 31, 2025. Source: CourtListener bulk data.