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BOLT ASSOCS. v. DIAMONDS-IN-THE-ROTH, INC.

119 A.D.2d 524 (1986)

Bolt Associates, Appellant, v. Diamonds-in-the-Roth, Inc., Respondent

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

April 22, 1986

Plaintiff-appellant Bolt Associates (Bolt) is the ground lessee of land and a building located at 315 East 70th Street in Manhattan. Defendant-respondent Diamonds-In-The-Roth, Inc. (DITR) is the lessor. The lease, effective December 15, 1958, provided for an initial term of 18 months, a subsequent term of 25 years, with an option to extend the lease for three consecutive renewal terms of 25 years each, terminating on July 31, 2060. The option was properly exercised and a...

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