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MATTER OF BAER MARKS & UPHAM v. GRAYSON

162 A.D.2d 233 (1990)

In the Matter of Baer Marks & Upham et al., Petitioners, v. Stanley E. Grayson, as Commissioner of Finance of The City of New York, et al., Respondents

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

June 14, 1990

Petitioner Baer Marks & Upham, as grantor, assigned its leasehold in the 25th and 26th floors of 299 Park Avenue in Manhattan to petitioner, The Dun & Bradstreet Corporation, as grantee. Grantor, under the terms of the assignment of lease agreement, was to be paid an aggregate sum of $14,810,053.48 over a 10-year period. This amount was represented by a promissory note executed simultaneously with the assignment agreement...

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