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BANK OF NEW YORK v. ULSTER HEIGHTS PROPS., INC.

114 A.D.2d 431 (1985)

Bank of New York, Respondent, v. Ulster Heights Properties, Inc., Appellant

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

October 21, 1985

Judgment affirmed, with costs.

The underlying dispute involved in this appeal concerns the timeliness of plaintiff the Bank of New York's (hereinafter the bank) exercise of its option to renew a sublease with defendant involving a banking facility at Prel Plaza in Orangeburg, New York. The sublease is subordinate and subject to a main or ground lease simultaneously executed by the parties' predecessors in interest, which...

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