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BLACKSTAR v. 460 PARK ASSOCS

137 Misc.2d 414 (1987)

Blackstar Publishing Company, Inc., Plaintiff, v. 460 Park Associates et al., Defendants.

Supreme Court, New York County.

November 4, 1987

Attorney(s) appearing for the Case

Lord, Day & Lord (John D. Henderson of counsel), for plaintiff. Sidney Gottlieb for defendants.

DAVID B. SAXE, J.

This controversy over tax escalation charges mirrors the movement of large advertising agencies and their offshoots from midtown Manhattan, on or near Madison Avenue, southward to lower Fifth Avenue and Park Avenue South, as a consequence of soaring commercial rents in the midtown area.

The essential facts are these: the plaintiff, Blackstar Publishing Company, Inc. (Blackstar), is...

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