SMITH v. PUTNAM


145 A.D.2d 383 (1988)

Rupert J. Smith et al., Respondents, v. Frederic P. Putnam, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

December 22, 1988


Having already prevailed in a prior action in which defendant, the buyer, sought rescission of a May 27, 1986 contract of sale of a 100-year-old six-story loft building located at 177-179 Duane Street in Manhattan for $1,625,000 and the return of his $100,000 down payment, plaintiffs now seek additional damages from defendant as a result of his failure to close title. After obtaining two adournments of the closing, for which he paid a premium of $5,500 each adjournment, defendant...

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