TWO SPRING ASSOC. v. LOFT BD.


2 Misc.3d 530 (2003)

773 N.Y.S.2d 525

In the Matter of TWO SPRING ASSOCIATES, Petitioner, v. NEW YORK CITY LOFT BOARD et al., Respondents.

Supreme Court, New York County.

December 15, 2003.


Attorney(s) appearing for the Case

Smith & Shapiro, New York City (Harry Shapiro of counsel), for petitioner.

Michael A. Cardozo, Corporation Counsel, New York City (Deborah Rand of counsel), for respondents.

Robert Petrucci, New York City, for Andrew Bolotowsky.


OPINION OF THE COURT

MICHAEL D. STALLMAN, J.

This CPLR article 78 proceeding requires the court to determine whether intervening rent regulation governs a lease renewal option and rent increase formula contracted before the change in law but exercised and effective thereafter. Petitioner Two Spring Associates seeks a judgment vacating the determination of respondent New York City Loft Board which granted an application...

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