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220-52 ASSOCIATES v. EDELMAN

18 A.D.3d 313 (2005)

797 N.Y.S.2d 39

220-52 ASSOCIATES, Plaintiff, and UNI EDELMAN, as Temporary Executrix of EDWARD EDELMAN, Deceased, Respondent-Appellant, v. JERRY EDELMAN, Appellant-Respondent.

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

May 17, 2005.

Plaintiff 220-52 Associates is a partnership established in 1979, in which defendant Jerry Edelman held a 50% interest. In 1980, plaintiff Edward Edelman,1 Jerry's father, purchased the other half interest. The partnership's principal asset is a 29-unit, rent-stabilized apartment building located at 220 East 52nd Street in Manhattan.

It is undisputed that since 1980, when Edward joined the partnership, Jerry has received 90% of its income...

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