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IN RE 83-84 116TH OWNERS CORP.

Bankruptcy No. 897-83645-288.

214 B.R. 530 (1997)

In re 83-84 116th OWNERS CORP., a/k/a The Ivanhoe, Debtor.

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

November 24, 1997.

Attorney(s) appearing for the Case

Eric J. Synder, Pryor & Mandelup, L.L.P., Westbury, NY, for Debtor.

Michael D. Brofman, Certilman Balin Adler & Hyman, L.L.P., East Meadow, NY, for 6645 Equities, L.L.C.

CORRECTED MEMORANDUM AND ORDER* DETERMINING THAT A COOPERATIVE HOUSING PROJECT IS A SINGLE ASSET REAL ESTATE

STAN B. BERNSTEIN, Bankruptcy Judge.

I. Issue:

Does a co-operative housing corporation fall under the definition of "single asset real estate" under § 101(51B) of the Bankruptcy Code? Yes.

II. Background:

A. The linked section 362(d)(3) issue.

The chapter 11...

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