130-164 RAVINE AVE. INC. v. RAVINE ASSOCS.


139 A.D.2d 716 (1988)

130-164 Ravine Avenue Inc., Respondent, v. Ravine Associates, Appellant

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

April 25, 1988


Ordered that the judgment is reversed, on the law, with costs, the provision of the order of the same court dated July 28, 1987, granting the plaintiff's cross motion is reversed, and the cross motion is denied.

The parties entered into a contract of sale for several apartment buildings consisting of approximately a total of 123 rental units which the purchaser intended to convert to cooperative ownership. The total purchase price was $3,950,000 and the purchaser...

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