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MATTER OF IN REM FORECLOSURE ACTION 31

136 Misc.2d 522 (1987)

In the Matter of an In Rem Tax Foreclosure Action No. 31, Borough of Manhattan. Patco Real Estate Investors, Inc.

Supreme Court, New York County.

July 31, 1987

Attorney(s) appearing for the Case

Stuart Adler for Patco Real Estate Investors, Inc. Peter L. Zimroth, Corporation Counsel (Gary Morton of counsel), for City of New York.

DAVID B. SAXE, J.

The movant Patco Real Estate Investors, Inc. (hereinafter Patco) has moved for an order preliminarily enjoining the City of New York from conveying, foreclosing or otherwise interfering with its ownership of the premises known as 151-153 West 133rd Street, New York, New York.

On June 6, 1985, Patco took title to the premises, subject to the terms of an in rem installment agreement. Apparently, Patco has made significant improvements...

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