660 N.Y.S.2d 41 | N.Y. App. Div. | 1997
In a proceeding, inter alia, pursuant to Religious Corporations Law § 12 for judicial approval of the sale of real property by a religious corporation, Bais Yaakov of Brooklyn appeals from an order of the Supreme Court, Kings County (Held, J.), dated July 29, 1996, which granted the petitioner’s motion to confirm the report of a Judicial Hearing Officer approving the sale.
Ordered that the order is affirmed, with costs.
The history of the parties’ dealings concerning the real prop
We conclude that the appellant failed to exercise effectively either its option to purchase the Temple property or the right of first refusal to purchase. Moreover, Bais Yaakov has not demonstrated that it is entitled to the equitable relief of vacating its default in the exercise of its option. To be entitled to such relief Bais Yaakov was obligated to demonstrate (1) that its default was excusable, (2) that its default will cause it to suffer a substantial forfeiture, and (3) that Temple Emanu-El was not prejudiced by the delay (see, J.N.A. Realty Corp. v. Cross Bay Chelsea, 42 NY2d 392, 398; Dan’s Supreme Supermarkets v Redmont Realty Co., 216 AD2d 512, 513; Souslian Wholesale Beer & Soda v 380-4 Union Ave. Realty Corp., 166 AD2d 435, 437).
The equitable remedy sought by Bais Yaakov is unavailable, as the record shows that allowing it to exercise its option despite its delay would result in substantial prejudice to Temple Emanu-El (see, J.N.A. Realty Corp. v Cross Bay Chelsea, supra, at 399-400; Dan’s Supreme Supermarkets v Redmont Realty Co., supra; Godnig v Belmont Realty Co., 124 AD2d 701). Moreover, the record discloses that no excuse exists to excuse this default.
We have reviewed the appellant’s remaining contentions and find them to be without merit. Rosenblatt, J. P., Miller, O’Brien and Ritter, JJ., concur.