HEALTH CARE FACILITY v. LEDRI


179 A.D.2d 133 (1992)

Northern Metropolitan Residential Health Care Facility, Inc., Appellant, v. Ledri Realty Associates Inc., Respondent

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

April 9, 1992


Attorney(s) appearing for the Case

Donald Tirschwell for appellant.

Bizar Shustak Martin & Schneider (Irving Bizar of counsel), for respondent.

MIKOLL, J. P., MERCURE and CREW III, JJ., concur.


MAHONEY, J.

In 1972, Maple Leaf Construction Corporation (hereinafter the mortgagor) was the owner of certain unimproved real property located in the Town of Ramapo, Rockland County. Pursuant to a lease agreement with STB Investors Ltd. (hereinafter STB), the mortgagor agreed to construct a 120-bed nursing home on the property which STB was to operate. The lease term was for 20 years with an option to renew...

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