KINGS ANTIQUES CORP. v. VARSITY PROPS., INC.


121 A.D.2d 885 (1986)

Kings Antiques Corp., Appellant-Respondent, v. Varsity Properties, Inc., et al., Respondents, and Joseph M. Karpf et al., Respondents-Appellants

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

July 3, 1986


The facts may be summarized as follows. Plaintiff Kings Antiques Corp. is the tenant of the entire second floor of the subject commercial premises pursuant to a lease entered into with the original owner, defendant Varsity Properties, Inc. Typewritten at the bottom of the preprinted standard form loft lease is a clause which reads in its entirety, "Landlord agrees to give `first refusal' on sale of building".

In April 1982, Varsity filed a certificate of voluntary...

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