KATZ v. THIRD COLONY CORP.

8913, 11062/11.

101 A.D.3d 652 (2012)

957 N.Y.S.2d 330

2012 NY Slip Op 9182

ROBERT KATZ et al., Appellants, v. THIRD COLONY CORPORATION, Respondent.

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

December 27, 2012.


Defendant is a cooperative corporation that owns a building at 180 East 79th Street, New York County, and plaintiffs formerly owned the shares to apartments 14B and 14C. In August 2011, plaintiffs sold their interest in the two apartments and, under protest, paid a "flip tax" to defendant. Within weeks, plaintiffs commenced this action alleging one cause of action the characterization of which is in dispute. That portion of plaintiffs...

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