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Article: Court decision bans B&B's in co-op units. (bed and breakfast facilities outlawed in apartment cooperatives)
- Article from:
- Real Estate Weekly
- Article date:
- November 11, 1992
- Author:
CopyrightCOPYRIGHT 1992 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Co-op managers and attorneys hailed an Appellate Division ruling declaring that Bed and Breakfast facilities don't belong in co-ops. The unanimous three-judge decision came after a lower court upheld an Upper East Side tenant's right to operate the business.
The owner of the two-bedroom unit at the Diplomat on East 73rd Street had used the apartment as a Bed & Breakfast since 1987. B&B's provide city visitors a cheap alternative to pricey hotels while furnishing share-holders with extra income.
The business was starting to take hold in co-ops all over the city to the chagrin of the boards and shareholders who complained about the streams of unknown ...