NEW YORK RESTS. EXCH., INC. v. CHASE MANHATTAN BANK


226 A.D.2d 312 (1996)

642 N.Y.S.2d 626

New York Restaurants Exchange, Inc., Respondent, v. Chase Manhattan Bank, N. A., Appellant

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

April 30, 1996


Plaintiff is the sublessee and defendant is the tenant and sublessor of commercial premises at 1500 Broadway where plaintiff operates a Beefsteak Charlie's restaurant. Pursuant to the terms of the May 19, 1972 sublease, under which plaintiff exercised its option to renew for an additional ten year term from June 1, 1988 to July 31, 1998, the increased rent for the period June 1, 1993 through July 31, 1998 is set at "$200,000 per...

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