In August 1995, plaintiff, through a European newspaper advertisement, learned that defendant was offering to sell a two-story loft apartment in an upper Manhattan building, a five-story townhouse in need of renovation leased by defendant. Defendant's lease contained an option to purchase the building for $50,000 to be financed by a purchase-money mortgage. After contacting defendant in response to the advertisement, plaintiff came to New York to see the building. According...
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