On January 4, 1979, petitioners-respondents John and Barbara Coffey acquired the shares in a co-operative corporation at 1140 Fifth Avenue in Manhattan allocated to apartment 2A. The purchase was pursuant to an agreement containing a rider in which both the seller and the buyers acknowledged that the apartment was occupied by a tenant and that the buyers were familiar with the facts concerning a pending proceeding in the district rent office. However, on April 11, 1979, the...
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