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RAVELL PRODS., INC. v. SEROTA

181 A.D.2d 723 (1992)

Ravell Productions, Inc., Appellant-Respondent, v. Nathan L. Serota, Respondent-Appellant

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

March 9, 1992

Ordered that the judgment is affirmed, without costs or disbursements.

On November 26, 1980, the parties entered into an agreement wherein the plaintiff agreed to surrender its restaurant lease in exchange for an option to lease 4,000 square feet on the ground floor of a new building to be erected on that site by the defendant. The agreement provided that the rent for the new premises would be charged at the "going rate...

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