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KTM Partnership-I v. 160 West 86th Street Partners

Appellate Division of the Supreme Court of New York, First Department
Jan 15, 1991
169 A.D.2d 462 (N.Y. App. Div. 1991)

Opinion

January 15, 1991

Appeal from the Supreme Court, New York County (Harold Baer, Jr., J.).


This is an action to foreclose on real property located at 160 West 86th Street, New York, New York. 160 West 86th Street Partners purchased the property from defendant Sarasy. Sarasy took back a $1 million purchase-money mortgage which he later assigned to Metropolis Associates I. The assignment was not recorded until after this action was commenced and a notice of pendency was filed. 160 West 86th Street was also granted a $3.1 million mortgage loan by plaintiff at the same time the purchase-money mortgage was created.

In this action to foreclose a mortgage, a prior interlocutory appeal by defendant-appellant Lewis Sarasy was dismissed on the grounds that defendant-appellant was not aggrieved, and that the appeal was untimely. Sarasy cannot now raise issues which were previously adjudicated or could have been adjudicated by this court in the interlocutory appeal. (See, Bray v Cox, 38 N.Y.2d 350. ) Moreover, Sarasy has no standing to appeal since he has assigned his entire interest in the purchase-money mortgage and is thus not an aggrieved party. Finally, the issues now raised by Sarasy are identical to those already raised by Metropolis, the real party in interest, which have been considered and rejected by this court (Columbia Fed. Sav. Bank v 160 W. 86th St. Partners, 153 A.D.2d 1014).

Concur — Murphy, P.J., Milonas, Kupferman and Rubin, JJ.


Summaries of

KTM Partnership-I v. 160 West 86th Street Partners

Appellate Division of the Supreme Court of New York, First Department
Jan 15, 1991
169 A.D.2d 462 (N.Y. App. Div. 1991)
Case details for

KTM Partnership-I v. 160 West 86th Street Partners

Case Details

Full title:KTM PARTNERSHIP-I, Respondent, v. 160 WEST 86TH STREET PARTNERS et al.…

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

Date published: Jan 15, 1991

Citations

169 A.D.2d 462 (N.Y. App. Div. 1991)
564 N.Y.S.2d 159

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