328 Owners Corp. v. 330 West 86 Oaks Corp‪.‬

Plaintiff 328 Owners Corp., a cooperative corporation, is the owner of the apartment building located at 328 West 86th Street, New York, New York which shares a party wall with the adjoining property, a five-story townhouse located at 330 West 86th Street. By deed dated June 22, 1999, that property was sold to defendant 330 West 86 Oaks Corp. ("Oaks Corp.") by defendant The City of New York, pursuant to a City Council Resolution. The property was then sold by Oaks Corp. less than two years later at a substantial profit to defendant 330 West 86th Street, LLC, ("the new Owner") which apparently plans to develop a narrow high-rise apartment building on the property.