ITT Sheraton Corp. v. 801 Seventh Avenue, Inc.

Appellate Division of the Supreme Court of New York

ITT Sheraton Corp. v. 801 Seventh Avenue, Inc.

184 A.D.2d 329, 586 N.Y.S.2d 889, 1992 N.Y. App. Div. LEXIS 8016

CourtAppellate Division of the Supreme Court of the State of New York

DecidedJune 16, 1992

StatusPublished

Cited by1 cases

This text of 184 A.D.2d 329 (ITT Sheraton Corp. v. 801 Seventh Avenue, Inc.) 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.

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ITT Sheraton Corp. v. 801 Seventh Avenue, Inc., 184 A.D.2d 329, 586 N.Y.S.2d 889, 1992 N.Y. App. Div. LEXIS 8016 (N.Y. Ct. App. 1992).

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Opinion

Order, Supreme Court, New York County (Eugene Nardelli, J.) entered January 29, 1992, which inter alia, granted respondent’s cross-motion to dismiss this proceeding seeking declaratory judgment and to compel arbitration, unanimously affirmed, without costs.

The lease in question unambiguously provides for arbitration of the instant dispute concerning the valuation of land. We will not interfere with the arbitrator’s broad authority to resolve the dispute (see, Matter of 166 Mamaroneck Ave. Corp. v 151 E. Post Rd. Corp., 78 NY2d 88). Moreover, the arbitrators here are uniquely qualified professionals highly competent in the area of land valuation.

We decline the invitation to address the issue of prejudgment interest. The issue is premature. Concur — Sullivan, J. P., Carro, Kassal and Smith, JJ.

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Order, Supreme Court, New York County (Eugene Nardelli, J.) entered January 29, 1992, which inter alia, granted respondent’s cross-motion to dismiss this proceeding seeking declaratory judgment and to compel arbitration, unanimously affirmed, without costs.

The lease in question unambiguously provides for arbitration of the instant dispute concerning the valuation of land. We will not interfere with the arbitrator’s broad authority to resolve the dispute (see, Matter of 166 Mamaroneck Ave. Corp. v 151 E. Post Rd. Corp., 78 NY2d 88). Moreover, the arbitrators here are uniquely qualified professionals highly competent in the area of land valuation.

We decline the invitation to address the issue of prejudgment interest. The issue is premature. Concur — Sullivan, J. P., Carro, Kassal and Smith, JJ.

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Bluebook (online)

184 A.D.2d 329, 586 N.Y.S.2d 889, 1992 N.Y. App. Div. LEXIS 8016, Counsel Stack Legal Research, https://law.counselstack.com/opinion/itt-sheraton-corp-v-801-seventh-avenue-inc-nyappdiv-1992.

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