Plaintiff, as buyer, and defendant Abraham Poses, as seller, entered into a contract for the sale of three commercial condominium units in the building located at 205 Hicks Street in Brooklyn. Of the $628,000 purchase price, $63,000 was paid upon the signing of the agreement and was to be held in escrow by the seller's attorneys, defendant law firm. The closing was to occur on December 4, 1989 and time was deemed to be of the essence. The contract was dependent upon the procurement...
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