1000 SECOND AVE. CORP. v. PAULINE ROSE TRUST


171 A.D.2d 429 (1991)

1000 Second Avenue Corp., Appellant, v. Pauline Rose Trust et al., Respondents

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

March 7, 1991


Petitioner is the prime tenant of commercial premises owned by respondent. At the time petitioner's initial lease expired in 1985, petitioner exercised its option for an additional 21 year term. No agreement as to the rent could be reached and the matter was submitted to arbitration as provided in the lease. Pursuant to the arbitration award which was subsequently rendered, the petitioner paid back rent due and monthly rent in...

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