On May 17, 1989, plaintiff 88 Blue Corporation entered into an agreement with defendant Reiss Plaza Associates to purchase a residential building located at 620 Reiss Place in the Bronx for the price of $3.5 million. It was plaintiff's purpose to acquire the premises in order to convert them to cooperative or condominium ownership. In that connection, the contract stated that no offering plan had been filed within the past 18 months and that plaintiff would be accorded access...
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