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IN RE 354 EAST 66TH STREET REALTY CORP.

Bankruptcy No. 893-83583-478.

177 B.R. 776 (1995)

In re 354 EAST 66TH STREET REALTY CORP., Debtor.

United States Bankruptcy Court, E.D. New York.

February 6, 1995.

Attorney(s) appearing for the Case

Berkman, Henoch, Peterson & Peddy, P.C. by Ronald M. Terenzi, Garden City, NY, for debtor.

Robinson, Brog, Leinwand, Reich, Genovese & Gluck by Robert Leinwand, Christine Black, New York City, for Coolidge New York Equities Ltd. Partnership.

DECISION AND ORDER

DOROTHY EISENBERG, Bankruptcy Judge.

This matter is before the Court pursuant to the hearing on the Disclosure Statement filed by 354 East 66th Realty Corp. (the "Debtor"). In its Plan, the Debtor proposes to apply the adequate protection payments already made to Coolidge New York Equities Limited Partnership ("Coolidge" and/or the "Secured Creditor") to reduce its secured claim against the Debtor. If the adequate protection payments...

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