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MASTERS v. 14-22 LEONARD STREET ASSOCIATES LLC

11 A.D.3d 380 (2004)

784 N.Y.S.2d 38

DANIEL MASTERS et al., Respondents, v. 14-22 LEONARD STREET ASSOCIATES LLC, Appellant, et al., Defendant.

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

October 26, 2004.

On May 18, 2000, defendant sponsor 14-22 Leonard Street Associates LLC (Associates) filed an offering plan with the Attorney General to convert five adjoining 19th century brick buildings into a single residential condominium building containing 31 units. This plan provided that the offer to sell was contingent upon the plan being declared effective within 24 months from the date of presentation.

On September 14, 2000, Associates...

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