35-45 MAY ASSOCS. v. MAYLOC ASSOCS.


162 A.D.2d 389 (1990)

35-45 May Associates, Respondent, v. Mayloc Associates, Appellant, et al., Defendant, et al., Intervenor

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

June 28, 1990


Plaintiff, had it performed under a certain agreement, would have been the ultimate assignee of a contract for the sale of commercial real estate located in Westchester County. At the time of closing, however, plaintiff refused to consummate the transaction unless granted a substantial monetary credit, based upon the alleged unauthorized rental of certain apartments, which pursuant to the contract of sale were to be kept vacant by the owner, Mayloc Associates. Sheldon Assets...

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