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RAINBOW COOP v. CITY OF NEW YORK

63 A.D.3d 415 (2009)

879 N.Y.S.2d 329

THE RAINBOW COOP et al., Appellants, v. CITY OF NEW YORK et al., Defendants, and NCB CAPITAL IMPACT, Respondent.

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

Decided June 2, 2009.

The motion court correctly held that even if it were to declare that plaintiffs' adverse possession of the building and its units had given them title thereto by the time defendant City purported to transfer title to defendant UHAB, the mortgage on the building delivered by UHAB to NCB is nonetheless valid under Real Property Law § 260. We reject plaintiff's argument that since the validity of a conveyance of real property depends on the validity of title held by the...

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