Case Name: Band Realty Company, Respondent, v. North Brewster, Inc., Appellant, et al., Defendants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1975-12-15
Citations: 50 A.D.2d 828
Docket Number: 
Parties: Band Realty Company, Respondent, v North Brewster, Inc., Appellant, et al., Defendants.
Judges: 
Reporter: Appellate Division Reports
Volume: 50
Pages: 828–828

Head Matter:
(December 15, 1975)
Band Realty Company, Respondent, v North Brewster, Inc., Appellant, et al., Defendants.

Opinion:
— In an action to foreclose a mortgage on real property, defendant North Brewster, Inc., appeals from a judgment of the Supreme Court, Dutchess County, entered February 21, 1975, upon a prior determination granting plaintiffs motion for summary judgment. Judgment affirmed, with $50 costs and disbursements. In determining whether interest is usurious, courts should not substitute the "present-value" method of computing interest for the traditional method of computation (Band Realty Co. v North Brewster, 37 NY2d 460). Gulotta, P. J., Rabin, Hopkins, Latham and Margett, JJ., concur.