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STRAUS v. 345 E. 73 OWNERS CORP.

181 A.D.2d 483 (1992)

William A. Straus, Respondent, v. 345 East 73 Owners Corp., Appellant, et al., Defendant

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

March 10, 1992

Defendant 345 East 73 Owners Corp. is a cooperative housing corporation that owns the premises at 345 East 73rd Street in Manhattan. Plaintiff William A. Straus, who had acquired an apartment in the building, entered into a contract of sale in October of 1988 with Sharron and Pedro Font for a purchase price of $247,000. The agreement specified a closing date of January 6, 1989 and provided that in the event of a default, Straus' liquidated damages would be limited to the...

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