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KAPLAN v. LIPPMAN

151 A.D.2d 229 (1989)

Solomon Kaplan et al., Appellants, v. Heinz J. Lippman et al., Respondents. (Action No. 1.) Heinz J. Lippman et al., Respondents, v. Solomon Kaplan et al., Appellants. (Action No. 2.)

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

June 1, 1989

In 1976, defendants-respondents, Dr. Heinz J. Lippman and Gertrude Wengraf, executed a sublease delivering possession of their cooperative apartment at 94th St. and Park Avenue to plaintiffs-appellants, a group of physicians practicing as a professional corporation. The sublease provided for an initial term of five years and an option to renew for an additional five-year period which was duly exercised. Paragraph 18 of the sublease granted the sublessees an option to purchase...

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