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MATTER OF SHARON REALTY CO. v. ABRAMS

167 A.D.2d 121 (1990)

In the Matter of Sharon Realty Company, Appellant, v. Robert Abrams, as Attorney-General of The State of New York, Respondent

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

November 1, 1990

The Attorney-General is required to reject an offering plan if more than 10% of the apartments in the building are "long-term vacancies", defined as apartments vacant for more than five months prior to the submission date of the plan (General Business Law § 352-eeee [2] [e]). Here, petitioner does not dispute that four apartments out of the 46 units in the building are long-term vacancies. The Attorney-General found that six...

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