In August 1986, defendant was the successful bidder on a 2.56-acre parcel of property located in the Village of Lake Placid, Essex County, which was offered for sale by Placid Memorial Hospital (hereinafter the hospital). Prior to closing, defendant agreed to sell 1.74 acres of the parcel to plaintiffs William C. Ughetta and Mary L. Ughetta. On September 25, 1986, the hospital deeded 1.74 acres to the Ughettas and the remaining 0.82 acre...
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