Courts roundup: Tenant seeks $5M from Ashkenazy, $6M judgment at Garment District hotel, more

Courts and litigation roundup covering filings from Monday, March 1, 2021

There were no bankruptcies of note.

There were at least five New York State Supreme Court suits of interest. The lawsuits are the positions of the plaintiffs and are not necessarily accurate or complete. The defendants have not yet filed response papers.

Plaintiff-tenant Sosa seeks $5 million termination fee from landlord Ashkenazy Acquisition, which plaintiff claims is due because build-out work for office space at 115 Seventh Avenue was not completed. Sosa signed a lease in the building, according to the Commercial Observer.  LINK

Plaintiff-contract vendee seeks return of $273,000 deposit from developer, which could not convey title to commercial condo unit 6A at 89 Bowery in Manhattan because it had not received TCO by a certain time. It received TCO on January 21, 2021. LINK

Plaintiff-landlord claims lender-defendant Sherr Equities used unfair lending terms for a $5.6 million loan at 151 East 170th Street, Bronx, that resulted in defaults and a 24% default rate. LINK

Plaintiff-landlord claims a partial interest seller, an affiliate of the owners of Flintlock, did not provide proper notice before entering a $6.15 million confession of judgment related to the sale of a partial interest in the hotel at 345 West 35th Street, which is the TRYP by Wyndham New York City Times Square South. LINK

MHANY Management is buying the five multifamily parcels from the Park Monroe Housing Development Fund for $1.4 million out of bankruptcy and taking over the mortgages. LINK