In this action for specific performance, plaintiff seeks to exercise an option to purchase properties located at 734 and 736 Broadway in Manhattan, separately owned by defendants. The contract provides for a down payment of $50,000 on signing followed by an option period, at the expiration of which, "if purchaser does not cancel this contract," an additional $600,000 is required to be deposited with defendant sellers' attorney as a down payment. Plaintiff sought and obtained...
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