233233 CO. v. CITY OF NEW YORK


171 A.D.2d 492 (1991)

233233 Company, Respondent, v. City of New York, Appellant-Respondent, and Eva Skinner et al., Respondents-Appellants

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

March 14, 1991


In the summer of 1970, petitioner-landlord planned to renovate the subject premises at 233 West 15th Street in Manhattan to create eleven studio apartments. These plans were disrupted however, when squatters, supported by local groups, occupied the building seeking to have the City acquire the property and renovate it for low income tenants. Negotiations led to a $234,950, 30-year loan from the City to the landlord for the purpose of renovating the building into apartments...

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