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VINNIK v. 795 FIFTH AVE. CORP.

94 A.D.2d 685 (1983)

Daniel M. Vinnik et al., Appellants, v. 795 Fifth Avenue Corporation et al., Respondents

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

May 24, 1983

The 795 Fifth Avenue Corporation (FAC) was created as a co-operative housing corporation in 1958 to acquire the Hotel Pierre (Pierre) so that FAC's stockholders could have the Pierre's "rooms and suites available * * * for residential purposes". Notwithstanding the stated private residential purpose, from the time FAC made the purchase the Pierre has been operated just like any other first-class hotel, which seeks to solicit as much public business as possible in order to...

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