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WEST 90TH OWNERS CORP. v. SCHLECHTER

137 A.D.2d 456 (1988)

West 90th Owners Corp., Appellant, v. Arthur D. Schlechter, Respondent

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

February 23, 1988

This action arises out of defendant's sale of a 13-story apartment house located at 255 West 90th Street to plaintiff, a tenant-formed corporation which purchased the building, consisting of 39 residential units and five ground-floor storefronts, to initiate a tenant-sponsored cooperative conversion offering plan. The contract of sale, executed on August 9, 1979, provided that in the event the offering plan was not declared effective...

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