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SRM CARD SHOP, INC. v. 1740 BROADWAY ASSOCIATES, L.P.

2 A.D.3d 136 (2003)

769 N.Y.S.2d 483

SRM CARD SHOP, INC., Respondent, v. 1740 BROADWAY ASSOCIATES, L.P., Appellant, and HALLMARK SPECIALTY RETAIL GROUP, INC., Respondent. (And Another Action.)

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

December 4, 2003.

On October 18, 1988, Evenson Card Shops, Inc., which is now known as Hallmark Specialty Retail Group, Inc., and the Mutual Life Insurance Company of New York (MONY) entered into a 15-year lease (the Hallmark Lease or Lease), pursuant to which Hallmark leased 3,360 square feet of retail space and 365 square feet of adjacent storage space in a building located at 1740 Broadway in New York City. It was understood from the beginning of the Hallmark Lease negotiations, that Hallmark...

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