Defendants Mok contracted to sell their cooperative apartment at the Sovereign Building, 425 East 58th Street in Manhattan, to defendants Glantz for $564,000. The terms were 10% down upon signing of the contract, to be held in escrow by the sellers' attorneys (plaintiff herein) and the balance of $507,600 due at closing. In the event of a default by sellers, the buyers reserved their rights to legal or equitable remedies. If, on the other hand, the buyers defaulted, the sellers...
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