State of N.Y. Mtge. Agency v. 936-938 Cliffcrest Hous. Dev. Fund Corp.

2024 NY Slip Op 34560(U)
CourtNew York Supreme Court, New York County
DecidedDecember 23, 2024
DocketIndex No. 850011/2013
StatusUnpublished

This text of 2024 NY Slip Op 34560(U) (State of N.Y. Mtge. Agency v. 936-938 Cliffcrest Hous. Dev. Fund Corp.) is published on Counsel Stack Legal Research, covering New York Supreme Court, New York County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
State of N.Y. Mtge. Agency v. 936-938 Cliffcrest Hous. Dev. Fund Corp., 2024 NY Slip Op 34560(U) (N.Y. Super. Ct. 2024).

Opinion

State of N.Y. Mtge. Agency v 936-938 Cliffcrest Hous. Dev. Fund Corp. 2024 NY Slip Op 34560(U) December 23, 2024 Supreme Court, New York County Docket Number: Index No. 850011/2013 Judge: Debra A. James Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. FILED: NEW YORK COUNTY CLERK 12/23/2024 04:41 PM INDEX NO. 850011/2013 NYSCEF DOC. NO. 1584 RECEIVED NYSCEF: 12/23/2024

SUPREME COURT OF THE STATE OF NEW YORK NEW YORK COUNTY PRESENT: HON. DEBRA A. JAMES PART 59 Justice ---------------------------------------------------------------------------------X INDEX NO. 850011/2013 STATE OF NEW YORK MORTGAGE AGENCY, MOTION DATE 11/22/2024 Plaintiff, MOTION SEQ. NO. 031 032 036 -v- 936-938 CLIFFCREST HOUSING DEVELOPMENT FUND CORPORATION, THE DEPARTMENT OF THE CITY OF NEW YORK, NEW YORK CITY ENVIRONMENTAL CONTROL BOARD, NEW YORK STATE DEPARTMENT DECISION + ORDER ON OF TAXATION AND FINANCE, NEW YORK CITY DEPARTMENT OF FINANCE, MOTION

Defendants. First party action dismissed by Order dated June 29, 2018 (Madden, J.) (NYSCEF Doc No 1108) ---------------------------------------------------------------------------------X

936-938 CLIFFCREST HOUSING DEVELOPMENT FUND Third-Party CORPORATION, Index No. 595322/2014

Plaintiff,

-against-

THE WAVECREST MANAGEMENT TEAM LTD., SHUHAB HOUSING DEVELOPMENT FUND CORPORATION, COMMUNITY CAPITAL BANK, LEE WARSHAVSKY, JOHN AND JANE DOES 11-20, and THE DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT OF THE CITY OF NEW YORK,

Defendants. --------------------------------------------------------------------------------X

The following e-filed documents, listed by NYSCEF document number (Motion 031) 1443, 1444, 1445, 1446, 1447, 1448, 1449, 1450, 1451, 1452, 1453, 1454, 1455, 1456, 1457, 1458, 1459, 1460, 1461, 1462, 1463, 1466, 1467, 1468, 1469, 1470, 1471, 1472, 1473, 1474, 1475, 1476, 1477, 1478, 1482, 1483, 1484, 1485, 1486, 1487, 1488, 1489, 1490, 1535, 1536, 1537, 1538, 1539, 1540, 1575 were read on this motion to/for DISCOVERY .

The following e-filed documents, listed by NYSCEF document number (Motion 032) 1491, 1492, 1493, 1494, 1495, 1496, 1497, 1498, 1499, 1500, 1501, 1502, 1530, 1531, 1532, 1533, 1534, 1545, 1546, 1548, 1552, 1556, 1557, 1558, 1559, 1560, 1576 were read on this motion to/for DISCOVERY .

850011/2013 938 ST. NICHOLAS AVENUE vs. 936-938 CLIFFCREST HOUSING Page 1 of 6 Motion No. 031 032 036

1 of 6 [* 1] FILED: NEW YORK COUNTY CLERK 12/23/2024 04:41 PM INDEX NO. 850011/2013 NYSCEF DOC. NO. 1584 RECEIVED NYSCEF: 12/23/2024

The following e-filed documents, listed by NYSCEF document number (Motion 036) 1569, 1570, 1571, 1572, 1573, 1574, 1577, 1578, 1579, 1580 were read on this motion to/for CONSOLIDATE/JOIN FOR TRIAL .

ORDER

Upon the foregoing documents, it is

ORDERED that the motion of third party plaintiff, pursuant

to CPLR § 602(b), brought by show cause order dated November 22,

2024, to consolidate the summary proceeding entitled Burroughs v

Cliffcrest Housing Development Fund Co, LT 316385/2022 (NYC

Civil Court, NY Co) with the herein action (motion sequence

number 036) is dismissed, as moot, in light of the dismissal of

such summary proceeding by order dated December 3, 2024 (LT

316385/2022 NYSCEF Doc No 71)1, and the interim stay therein is

lifted and vacated; and it is further

ORDERED that the motion brought by order to show cause

dated January 1, 2024, pursuant to CPLR 3126, of third party

defendant City of New York to compel discovery and for a

protective order, and the cross motion of third party plaintiff

to strike the pleadings of third party defendant City of New

1 The undersigned is flummoxed that, on December 3, 2024, petitioners’ attorneys in such summary proceeding defaulted in appearing on the scheduled hearing date in NYC Housing Court Part B- HP HPD, and failed to personally deliver a copy of this court’s OSC with interim stay to NYC Housing Evon M. Astoris, resulting in the proceeding being dismissed for the failure of such attorneys to appear. 850011/2013 938 ST. NICHOLAS AVENUE vs. 936-938 CLIFFCREST HOUSING Page 2 of 6 Motion No. 031 032 036

2 of 6 [* 2] FILED: NEW YORK COUNTY CLERK 12/23/2024 04:41 PM INDEX NO. 850011/2013 NYSCEF DOC. NO. 1584 RECEIVED NYSCEF: 12/23/2024

York for its failure to disclose (mot seq no 031) are denied;

and it is further

ORDERED that the motion of third party defendant City of

New York to compel discovery (mot seq no 032) is denied; and it

is further

ORDERED that the note of issue and certificate of readiness

shall be filed no later than January 24, 2025.

DECISION

A brief procedural history of this action follows.

Nearly twelve years ago, the first party action, a

foreclosure action brought by Peny & Co, as plaintiff, was

commenced against 936-938 Cliffcrest Development Fund

Corporation (hereinafter “Cliffcrest HDFC”), as defendant. Nine

months later, defendant Cliffcrest HDFC served an answer with

counterclaims and a third party complaint alleging, in

connection with renovation financing of and construction work

performed on the Mortgaged Premises, fraud, conspiracy to commit

fraud, and violations of the Racketeer Influenced and Corrupt

Organizations Act (RICO), 18 USC 1961, et seq., against third

party defendants The Wavecrest Management Team LT, Shubab

Housing Development Fund Corporation, Lee Warshavsky, and the

City of New York (NYSCEF Doc No 80).

A receiver was appointed “to take charge and enter into

possession of the Mortgaged Premises” by Order dated March 17,

850011/2013 938 ST. NICHOLAS AVENUE vs. 936-938 CLIFFCREST HOUSING Page 3 of 6 Motion No. 031 032 036

3 of 6 [* 3] FILED: NEW YORK COUNTY CLERK 12/23/2024 04:41 PM INDEX NO. 850011/2013 NYSCEF DOC. NO. 1584 RECEIVED NYSCEF: 12/23/2024

2015. (NYSCEF Doc No 329). In April 2015, such Receiver entered

into a Management Agreement with Finger Management Corp. (NYSCEF

Doc No 335), and retained the law firm of Newman Ferrara LLP for

legal services (NYSCEF Doc No 336).

By Order dated June 29, 2018 (NYSCEF Document No 113),

after an evidentiary hearing, the court (Madden, JSC) dismissed

the first party mortgage foreclosure action for plaintiff’s

failure to establish compliance with the notice of foreclosure

requirements of RPAPL § 1303(b).2

By Order dated July 3, 2019, the court approved the final

accounting of the Receiver, which in light of four intermediate

account, comprised total legal fees in excess of $150,000 paid

to counsel Newman Ferrara and successor counsel Borah Goldstein,

Altschuler, Nahins & Goidel, P.C.

In the remaining third party-action, on November 3, 2023,

third party defendant City of New York amended its third party-

answer to interpose counterclaims for, inter alia, foreclosure

of its mortgage (NYSCEF Doc No 1395).

2 By Summons and Complaint dated August 13, 2018, 938 St. Nicholas Avenue Lender, LLC commenced a foreclosure action against Cliffcrest HDFC, 938 St. Nicholas Avenue Lender, LLC v Cliffcrest HDFC, NY Co Sup Ct Index No. 850233/2018, which action is assigned to Kahn, JSC. On May 24, 2024, the Note of Issue Without Jury Demand was filed in that action. (NY Co Supreme Court Index No 850233/2018 NYSCEF Doc No 415). 850011/2013 938 ST. NICHOLAS AVENUE vs. 936-938 CLIFFCREST HOUSING Page 4 of 6 Motion No. 031 032 036

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Bluebook (online)
2024 NY Slip Op 34560(U), Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-of-ny-mtge-agency-v-936-938-cliffcrest-hous-dev-fund-corp-nysupctnewyork-2024.