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  5. 179 A.D.2d 915 (1992)
 

McPEADY & CO., INC. v. CHESTNUT ST. PROPS., INC.

179 A.D.2d 915 (1992)

McPeady & Company, Inc., Respondent, v. Chestnut Street Properties, Inc., et al., Appellants

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

January 23, 1992

Yesawich Jr., J.

At issue on this appeal is the meaning of clause 40 (hereinafter the clause) contained in a 10-year lease entered into in April 1984 between Lloyds Gas and Service, Inc. (hereinafter Lloyds) and Andrew Isola. By the clause, Isola was granted a first right to purchase the demised premises, real property in the Town of New Paltz, Ulster County (hereinafter the premises), if Lloyds undertook to...

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