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1014 FIFTH AVE. REALTY CORP. v. MANHATTAN REALTY CO.

111 A.D.2d 78 (1985)

1014 Fifth Avenue Realty Corp., Appellant, v. Manhattan Realty Company, Respondent

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

May 16, 1985

Plaintiff, as tenant, entered into a lease for certain premises located at 820 Madison Avenue in Manhattan for an initial term of 25 years, commencing March 1, 1969 and ending February 1, 1994, with two renewal options for 21 years each. In addition, the lease granted plaintiff an option to purchase the property at any time during the first 15 years, or prior to March 1, 1984, for $425,000. Of that amount, $25,000 would be due upon...

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