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MACKLOWE v. 42ND ST. DEV. CORP.

170 A.D.2d 388 (1991)

Harry Macklowe, Appellant, v. 42nd Street Development Corporation et al., Respondents

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

February 26, 1991

In 1981, plaintiff, as general partner, and defendant 42nd Street Development Corporation ("42nd Street"), as limited partner, formed a limited partnership called Elfon Realty Co. ("Elfon") for the purpose of developing real estate at 42nd Street and 11th Avenue in Manhattan. 42nd Street is a not-for-profit corporation. As part of their agreement, 42nd Street agreed that it would not sell or assign its interest in the limited partnership...

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