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EIGHT HUNDRED CORP. v. 217 STATE ST. REALTY CORP.

169 A.D.2d 810 (1991)

Eight Hundred Corp., Appellant, v. 217 State Street Realty Corp., Respondent. (Action No. 1.) Berkshire Investments, Inc., Appellant, v. 217 State Street Realty Corp., Respondent. (Action No. 2.)

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

January 28, 1991

Ordered that the resettled judgment is affirmed insofar as appealed from, with one bill of costs.

On July 11, 1985, the defendant 217 State Street Realty Corp. (hereinafter State Street) entered into a contract to sell real property located in Brooklyn to 63 Associates, Inc., (hereinafter 63 Associates) for $1,500,000, $75,000 of which was to be held in escrow by State Street's agent until the closing. Under the terms of the contract, 63 Associates had the right,...

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