Appellate Division of the Supreme Court of New York, 2004

West Gate House, Inc. v. 860-870 Realty LLC

West Gate House, Inc. v. 860-870 Realty LLC
Appellate Division of the Supreme Court of New York · Decided May 20, 2004
7 A.D.3d 412; 776 N.Y.S.2d 482; 2004 N.Y. App. Div. LEXIS 7108
West Gate House, Inc. v. 860-870 Realty LLC

Cases that cite this one

2 later published cases cite this decision.

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Opinion of the Court

Order, Supreme Court, New York County (Carol Edmead, J.), entered on or about September 21, 2003, which, in an action by a residential cooperative against its sponsor’s successor seeking to compel the latter to sell unsold shares, denied defendant’s motion for a preliminary injunction prohibiting plaintiffs from terminating certain proprietary leases held by defendant, unanimously affirmed, with costs.

As the motion court held, in view of recent authority holding a sponsor liable in contract to a cooperative for not undertaking in good faith to timely sell so many shares in the building as necessary to create a fully viable cooperative (511 W. 232nd Owners Corp. v Jennifer Realty Co., 98 NY2d 144, 152, 154 [2002]), defendant fails to show a likelihood of success on the merits. We note that the cooperative’s notice objects only to defendant’s re-letting of apartments that are not subject to rent regulation. We have considered defendant’s other arguments and find them unavailing. Concur—Buckley, P.J., Andrias, Saxe, Lerner and Friedman, JJ.

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