Plaintiffs are the residents of apartment 4M in an apartment building owned by defendant at 103 Gedney Street in the Village of Nyack, Rockland County. In 1980, defendant sponsored a plan to convert the building to cooperative ownership. The plan was ultimately declared effective as a noneviction plan in 1981. The May 12, 1981 seventh amendment to the conversion plan, at issue in this action, offered original tenants such as plaintiffs "the...
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