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IN RE 652 WEST 160TH LLC.

No. 04-18038(ALG).

330 B.R. 455 (2005)

In re 652 WEST 160TH LLC, Debtor.

United States Bankruptcy Court, S.D. New York.

September 26, 2005.

Attorney(s) appearing for the Case

Robinson Brog Leinwand Greene Genovese & Gluck P.C., By A. Mitchell Greene, Esq., Scott A. Steinberg, Esq., New York, Counsel for the Debtors.

Michael A. Cardozo, Esq., Corporation Counsel, City of New York, By Hugh Shull, Esq., Philip M. Caal, Esq., New York, Counsel for the Tenants Committee.

Cleary Gottlieb Steen & Hamilton LLP, By Thomas J. Maloney, Esq., Kurt A. Mayr, Esq., Timothy S. Mehok, Esq., Kelly R. Koyama, Esq., New York, Counsel for the Tenants Committee.

Kenneth Rosenfeld, Esq., Northern Manhattan Improvement Corp. Legal Services, By Kenneth Rosenfeld, Esq., Matthew J. Chachere, Esq., New York, Counsel for the Tenants Committee.

MEMORANDUM OF OPINION

ALLAN L. GROPPER, Bankruptcy Judge.

Before the Court is a motion by the City of New York (the "City") seeking to lift the automatic stay so as to effectuate a foreclosure against 652 West 160th Street (the "Debtor"). A committee of lessees of the Debtor (the "Tenants Committee") has moved to dismiss the case or, in the alternative, joins in the City's request to lift the automatic stay. The question raised is whether the Court should...

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