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TRUSTCO BANK, NATIONAL ASSOCIATION v. 400 DELAWARE AVENUE PROPERTY COMPANY

256 A.D.2d 762 (1998)

681 N.Y.S.2d 404

TRUSTCO BANK, NATIONAL ASSOCIATION, Formerly Known as TRUSTCO BANK NEW YORK, Respondent, v. 400 DELAWARE AVENUE PROPERTY COMPANY et al., Appellants, et al., Defendant.

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

Decided December 10, 1998.

Carpinello, J.

The instant mortgage foreclosure action involves an indebtedness originally in the amount of $1,600,000 secured by two separate properties in the City of Albany. The first property consists of two adjacent apartment buildings located at 400 Delaware Avenue and 27 Stanwix Street (hereinafter the Delaware Avenue property) containing a total of 47 apartments. The second property consists of three connecting walk-up apartment buildings located at 24, 26...

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