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INWOOD PARK APARTMENTS, INC. v. COINMACH INDUSTRIES CO.

22 A.D.3d 350 (2005)

801 N.Y.S.2d 893

INWOOD PARK APARTMENTS, INC., Respondent, v. COINMACH INDUSTRIES CO., Appellant.

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

October 18, 2005.

The principle that a right of first refusal is only valid during the term of the original lease "unless expressly reaffirmed in a subsequent lease or extension thereof" (Galapo v. Feinberg, 266 A.D.2d 150, 151 [1999]) does not save the right upon which defendant relies, since that right under the subject lease, if not exercised by defendant prior to the lease's expiration, may be exercised indefinitely thereafter and without limitation...

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