On September 3, 1980 plaintiff purchased the stock allocated to a penthouse apartment in premises at 425 West End Avenue and the proprietary lease therefor from defendant 425 Development Associates (the Sponsor) for the sum of $282,000, of which $81,875 was paid in cash. The balance was paid by delivery of a $200,220 promissory note, payable in monthly installments of interest only, commencing October...
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