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BERMONT OPERATING CORP. v. CITY OF NEW YORK

95 A.D.2d 729 (1983)

Bermont Operating Corp., Appellant-Respondent, v. City of New York, Respondent-Appellant

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

June 23, 1983

Plaintiff owned a building, located at 4650 Broadway in New York County. In 1964, the plaintiff leased space in it to the defendant City of New York, for use as an income maintenance center for the food stamp program of the Human Resources Administration. This 1964 lease provided for a 10-year term at an annual rental of $114,106. There was an option in this 1964 lease, which permitted the defendant to renew for two five-year periods, at a reduced annual rental of $104,436...

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