MATTER OF 124 FERRY ST. REALTY CORP. v. LEFKOWITZ


70 A.D.2d 1025 (1979)

In the Matter of 124 Ferry Street Realty Corp., Appellant, v. Louis J. Lefkowitz, as Attorney-General of The State of New York, et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Third Department.

June 21, 1979


The petitioner's commercial real estate was appropriated by the State on March 21, 1968 and at that time the premises were subject to a mortgage. The State, on February 16, 1969, made an advance payment of $210,000 to the mortgagees on behalf of the petitioner. Following the appropriation, the petitioner remained in possession of the premises and duly executed a document which "authorized" the State "to deduct a rental fee at the rate of $1,800 per month from the amount due...

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