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KTM P'SHIP-I v. 160 WEST 86TH ST. PARTNERS

169 A.D.2d 462 (1991)

KTM Partnership-I, Respondent, v. 160 West 86th Street Partners et al., Defendants, and Lewis Sarasy et al., Appellants

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

January 15, 1991

This is an action to foreclose on real property located at 160 West 86th Street, New York, New York. 160 West 86th Street Partners purchased the property from defendant Sarasy. Sarasy took back a $1 million purchase-money mortgage which he later assigned to Metropolis Associates I. The assignment was not recorded until after this action was commenced and a notice of pendency was filed. 160 West 86th Street was also granted a $3.1 million mortgage loan by plaintiff at the...

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