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1424-1428 REALTY LLC v. LIU

8508. 155635/17.

169 A.D.3d 586 (2019)

95 N.Y.S.3d 56

2019 NY Slip Op 01356

1424-1428 Realty LLC, Respondent, v. Stuart Liu et al., Defendants, and Nicolo Ottomanelli, Also Known as Nicholas Ottomanelli, et al., Appellants.

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

Decided February 26, 2019.

Nicolo Ottomanelli and Joseph Ottomanelli, Jr. were the sole shareholders of 1424 Lexington Avenue Corp. a/k/a 1424 Corp. In 2003, 1424 Corp. leased a space from plaintiff on 93rd Street and Lexington Avenue in Manhattan and operated a restaurant named "Ottomanelli Bro's Grill." On November 1, 2010, 1424 Corp. entered into an agreement with SL93 Corp. whereby 1424 Corp. sold its assets related to the restaurant, assigned its lease, and obtained a license for SL93 Corp. to...

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