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233 E 86TH ST v. PARK E APTS

131 Misc.2d 242 (1986)

233 East 86th Street Corp., Plaintiff, v. Park East Apartments, Inc., Defendant.

Supreme Court, Special Term, New York County.

February 27, 1986

Attorney(s) appearing for the Case

Parker, Chapin, Flattau & Klimpl (Stephen F. Harmon of counsel), for plaintiff. Kurzman, Karelsch & Frank for defendant.

HAROLD TOMPKINS, J.

INTRODUCTION

A recent Federal statute, the Condominium and Cooperative Abuse Relief Act of 1980, 15 USC § 3601 et seq. (hereinafter cited as the Condominium Act), enables cooperative or condominium unit owners to terminate certain contracts entered into between the cooperative or condominium corporation and the sponsor. Typical of such arrangements — often called "sweetheart deals" — is the long...

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