A&R Real Estate, Inc. v. Dorian New York LLC

CourtDistrict Court, S.D. New York
DecidedJanuary 7, 2025
Docket1:20-cv-06976
StatusUnknown

This text of A&R Real Estate, Inc. v. Dorian New York LLC (A&R Real Estate, Inc. v. Dorian New York LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
A&R Real Estate, Inc. v. Dorian New York LLC, (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK A&R REAL ESTATE, INC., Plaintiff, OPINION & ORDER – against – 20-cv-06976 (ER) DORIAN NEW YORK LLC and DORYA USA, LLC, Defendants. RAMOS, D.J.: A&R Real Estate, Inc. (“A&R”) brought this action against Dorian New York LLC (“Dorian”) and Dorya USA, LLC (“Dorya,” and together with Dorian “Defendants”), alleging claims for breach of contract and enforcement of guaranty, and seeking declaratory judgment for unpaid rent and other fees under a lease and a guaranty on a commercial space located at 105 Madison Avenue in New York City (the “Premises”). Doc. 1-1 at ¶¶ 2, 6, 15–44. The Court previously ruled Dorian and Dorya are liable to A&R for damages under the lease for breach of contract and the guaranty for enforcement, respectively. Doc. 54. Before the Court is A&R’s motion for summary judgment on damages. Doc. 61. For the reasons stated below, A&R’s motion is GRANTED in part and DENIED in part. I. BACKGROUND1 A. Factual Background The Lease and Guaranty On January 6, 2020, A&R, the owner of the Premises, executed a lease with Dorian (the “Lease”), pursuant to which A&R agreed to lease Dorian the Premises for ten years and four months. Doc. 38-1 at 28; Doc. 1-1 at ¶¶ 2, 6. The Lease included a base rent that started at $480,000 per year (or $40,000 per month), rising annually until it

1 The following facts are drawn from the parties’ Rule 56.1 statements, Docs. 65, 70, 72, supporting exhibits, and pleadings, and are undisputed unless noted otherwise. reached $701,493.65 per year (or $58,457.80 per month). Doc. 38-1 at 9. A&R and Dorian also signed a Rider Annexed to the Lease, executed simultaneously to the Lease (the “Lease Rider”). Doc. 38-2. On December 30, 2019, Dorya executed a separate “good guy guaranty”2 of the Lease (the “Guaranty”), guaranteeing Dorian’s rent payments and the fulfillment of its Lease obligations. Doc. 38-4. The Commencement Date The Lease Rider provides that the “Commencement Date” would be either January 1, 2020, or whenever possession was tendered to Dorian, whichever came later. Doc. 38-2 at ¶ 44(A). On the Commencement Date, Dorian would be required to deliver to A&R a $260,000 security deposit. Id. at ¶ 56(A). A&R executed the Lease on January 6, 2020. Doc. 46 at 6–7 ¶ 25. On January 6 and 21, 2020, respectively, Dorian paid A&R (1) $40,000 for the first month’s rent and $120,000 as the cash portion of the security deposit and (2) $140,000 as the balance of the security deposit. Doc. 46 at 6–7 ¶¶ 24, 26–27; Doc. 72 at 1 ¶¶ 1–2. The Court previously determined that the Commencement Date was January 21, 2020. Doc. 54 at 12–15. The Vacate Date On April 30, 2020, Dorian’s attorney sent a letter (the “April 30 Letter”) to A&R, informing A&R: “Because of the COVID-19 Pandemic, [Dorian] is unable to proceed with the Lease and is surrendering possession in the event [Dorian] ever, in fact, had legal possession of the subject space.” Doc. 38-18 at 2; Doc. 72 at 1–2 ¶3. The April 30 Letter explicitly stated that: [I]n an abundance of caution, Dorya is hereby providing written notice …, that the time period for the “Vacate Date” … should commence … today in light of the fact that: [(a)] [Dorian] never moved anything into the space nor made any alterations …, [(b)]

2 A “good guy guaranty” is a guaranty that “effectively eliminates the liability of the guarantor upon a tenant’s surrender of the leased property.” Ninth & 414 E. 74th Associates LLC v. Hundalani, No. 21-cv- 5314 (VM), 2023 WL 4472162, at *3 (S.D.N.Y. July 11, 2023). [Dorian] has lawfully surrendered … possession…, [(c)] [Dorian] only temporarily used the keys for a few visits and then were returned, and [(d)] this letter shall serve as Dorya’s 90 day advance written notice as required. Doc. 38-18 at 2–3. This Court found that the April 30 Letter triggered the ninety-day notice provision in the Guaranty and that pursuant to the Guaranty, the Vacate Date was July 29, 2020. Doc 54 at 19–20. However, A&R continues to dispute the Vacate Date.3 Doc. 62 at 12–18. Moroso Lease A&R subsequently entered into a 10-year lease with Moroso Madison LLC (“Moroso”), effective August 1, 2021.4 Doc. 64-3; see also Doc. 70 at 1–2 ¶ 3. The rent payable by Moroso was lower than that due under the Lease by Dorian. See Doc. 64-4. A&R also incurred a brokerage commission, in the amount of $151,270.75, on reletting the Premises to Moroso. Doc. 70 at 2 ¶ 7. Damages against Dorian The Lease includes various provisions relevant to the determination of damages in the event of breach or default by Dorian. Article 185 of the Lease provides that A&R is entitled to recover general damages, including rent and brokerage fees, from Dorian: In case of any such default [by Dorian] ... (a) the rent, and additional rent, shall become due thereupon and be paid up to the time of such [default], (b) [A&R] may [re]let the demised premises … for a term or terms, which may at [A&R]’s option be less than or exceed the period which would otherwise have constituted the balance of the term of this lease … and/or (c) [Dorian] … shall also pay to [A&R], as liquidated damages, for the failure of [Dorian] to observe and perform said [Dorian]’s covenants … , any deficiency between the rent hereby reserved and/or covenanted to be paid and the net amount, if any, of the rents collected on account of the lease … of the demised premises for each month of the period which would

3 A&R argues that the Vacate Date is August 1, 2021, the effective date of the lease with Moroso Madison LLC, the subsequent tenant of the Premises. Doc. 62 at 14. 4 The lease with Moroso includes the Premises leased to Dorian and also includes space on the second floor of the building where the Premises is located. Doc. 64 at 4 ¶ 11. 5 A&R uses “Article” and “Paragraph” in reference to the numbered sections of the Lease while Defendants only use “Paragraph.” For consistency, the Court will refer to the numbered sections as “Articles.” otherwise have constituted the balance of the term of this lease …. In computing such liquidated damages there shall be added to the said deficiency such expenses as [A&R] may incur in connection with [re]letting, such as … brokerage[.] Doc. 38-1 at 4. Additionally, Article 19 of the Lease provides that A&R is entitled to recover reasonable attorneys’ fees from Dorian for breach of the Lease:6 If [A&R] ... in connection with any default by [Dorian] in the covenant to pay rent … makes any expenditures or incurs any obligations for the payment of money, including … reasonable attorneys’ fees, in instituting, prosecuting[,] or defending any action or proceeding, and prevails in any such action or proceeding, [then Dorian will reimburse A&R for] such sums so paid[,] or obligations incurred, with interest and costs. Id. Article 47 of the Lease provides that A&R is entitled to recover damages for the electrical charges due from Dorian: [Dorian] shall pay to [A&R], as additional rent, the sum of (a) the actual out-of-pocket cost of [A&R] to supply electric current to the Demised Premises plus (b) ten (10%) percent of [A&R]’s actual cost. Id. at 16. Article 65 of the Lease provides that A&R is entitled to recover interest on any amount due under the Lease from Dorian, in relevant part: 1. In every case in which [Dorian] is required by the terms of this Lease to pay to [A&R] a sum of money as fixed rent, additional rent, or otherwise and payment is not made within ten (10) days after written notice that the same shall become due, interest shall accrue and be payable on such sum or so much thereof as shall be unpaid from the date it becomes due until it is paid. Such interest shall be at an annual rate which shall be two (2) percentage points above the prime commercial lending rate of Citibank, N.A., charged to its customers …. 2. In addition[,] ...

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Bluebook (online)
A&R Real Estate, Inc. v. Dorian New York LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ar-real-estate-inc-v-dorian-new-york-llc-nysd-2025.