304 A.D.2d 636 (2003)

758 N.Y.S.2d 159

ABDOLLAH RAHIMZADEH et al., Respondents, v. M.A.C. ASSOCIATES, Appellant.

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

Decided April 14, 2003.

Ordered that the order is affirmed, with costs.

A binder agreement for the sale of real property satisfies the statute of frauds and is subject to specific performance where the agreement identifies the parties and the subject property, recites all essential terms of a complete agreement, and is signed by the party to be charged (see O'Brien v West, 199 A.D.2d 369, 370 [1993]; Ramos v Lido Home Sales Corp., 148 A.D.2d 598 [1989]; Simmonds v Marshall, 292 A.D.2d 592 [2002]; Checkla v Stone Meadow Homes, 280 A.D.2d 510 [2001]). In addition, the binder agreement must include those essential terms customarily encountered in a real estate transaction (see Simmonds v Marshall, supra; O'Brien v West, supra).

Contrary to its contention, the defendant did not make a prima facie showing of entitlement to summary judgment. The subject agreement was signed by the party to be charged, identified the parties and the subject property, and set forth the closing date, the quality of title to be conveyed, and payment and financing terms. Thus, there exists an issue of fact as to whether such agreement satisfies the statute of frauds, and is, therefore, enforceable. Accordingly, the Supreme Court correctly denied the defendant's motion for summary judgment dismissing the complaint.

The defendant's remaining contention is without merit.


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