Centennial Restorations Co. v. Abrams

180 A.D.2d 340, 585 N.Y.S.2d 133, 1992 N.Y. App. Div. LEXIS 8185
CourtAppellate Division of the Supreme Court of the State of New York
DecidedJune 18, 1992
StatusPublished
Cited by4 cases

This text of 180 A.D.2d 340 (Centennial Restorations Co. v. Abrams) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Centennial Restorations Co. v. Abrams, 180 A.D.2d 340, 585 N.Y.S.2d 133, 1992 N.Y. App. Div. LEXIS 8185 (N.Y. Ct. App. 1992).

Opinion

[342]*342OPINION OF THE COURT

Levine, J.

Petitioner is the sponsor of a noneviction cooperative offering plan (hereinafter the plan) to convert an 18-unit residential apartment building located in New York County into cooperative ownership. Petitioner submitted the plan for filing with respondent on March 28, 1989. Included with the submission of the plan was an "affidavit of sponsor of no excessive long term vacancies”. Under General Business Law § 352-eeee (2) (e), respondent may not accept an offering plan for filing unless "[he] finds that an excessive number of long-term vacancies did not exist” on the date the offering plan was first submitted. Long-term vacancies are statutorily defined as "dwelling units not leased or occupied by bona fide tenants for more than five months prior to the date of such submission”, and an excessive number thereof consists of, inter alia, more than a 10% rate of such vacancies (General Business Law § 352-eeee [2] [e]). In the affidavit petitioner submitted, it was disclosed that two units (apartment Nos. 1 and 2) had been occupied for over five years as business offices by Sackman Enterprises Inc., the selling agent, and by a construction company, one of whose principals was also a principal of petitioner.

Respondent and petitioner had numerous exchanges of correspondence concerning certain deficiencies noted by respondent in the plan. Included among the deficiencies identified was the possible existence of excessive long-term vacancies as to other units in the building (apartment Nos. 5W and 7W), although no objection was raised regarding the two apartments described in petitioner’s affidavit of no excessive long-term vacancies. Upon resolution of the various deficiencies, respondent accepted the plan for filing as of March 29, 1990. The following July respondent accepted a first amendment to the plan, and in December 1990 petitioner submitted for filing a second amendment declaring the plan effective based upon purchase agreements for three units, constituting the requisite subscriptions to purchase at least 15% of the 18 units offered (see, General Business Law § 352-eeee [1] [b]; [2] [c] [i]).

Several days after the submission of the second amendment to the plan declaring it effective, respondent received a letter from the tenants’ committee at the building complaining of [343]*343the "warehousing” of apartments by Sackman Enterprises.

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Centennial Restorations Co. v. Abrams
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Cite This Page — Counsel Stack

Bluebook (online)
180 A.D.2d 340, 585 N.Y.S.2d 133, 1992 N.Y. App. Div. LEXIS 8185, Counsel Stack Legal Research, https://law.counselstack.com/opinion/centennial-restorations-co-v-abrams-nyappdiv-1992.