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1414 HOLDINGS, LLC v. BMS-PSO, LLC

11863-11864-11865-11866-652290/12, 11867

116 A.D.3d 641 (2014)

985 N.Y.S.2d 13

2014 NY Slip Op 2883

1414 HOLDINGS, LLC, Appellant-Respondent, v. BMS-PSO, LLC, Respondent-Appellant.

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

Decided April 29, 2014.

In 1996, defendant BMS-PSO, LLC (the tenant) entered into a commercial lease for the 19th floor of an office building located at 1414 Avenue of the Americas. The initial lease term was 15 years and six days, and the tenant had the option to extend the lease for two additional five-year terms. The tenant, which operates an endodontic practice at the premises, exercised its first option and extended the lease to 2016, and intends to exercise the second option extending the...

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