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FOURTH FED. SAV. BANK v. 32-22 OWNERS CORP.

236 A.D.2d 300 (1997)

653 N.Y.S.2d 588

Fourth Federal Savings Bank, Plaintiff, v. 32-22 Owners Corp. et al., Defendants. A/C Electric Corp. et al., Nonparty Appellants; Arthur Gerwin, as Receiver, Respondent

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

February 25, 1997

Plaintiff Fourth Federal Savings Bank commenced an action in May 1994 against defendant 32-22 Owners Corp. to foreclose on a mortgage secured by a lien on property located at 32 East 22nd Street in Manhattan. Supreme Court appointed a receiver in foreclosure and authorized the receiver, inter alia, to collect rents from the building's five tenants. Each tenant holds a lease which expires in June 2008; two are commercial...

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