In December, 1974, Stephen Korman purchased shares in Bayridge Air Rights, Inc., a State-supervised Mitchell-Lama housing co-operative. The purchase provided him with the right to occupy an apartment in the premises located at 260-65th Street, Brooklyn. Mr. Korman resided there until August, 1981 when he sold his shares in the co-operative, terminated his tenancy and vacated the apartment. Upon the sale of the shares the co-operative...
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