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NORMANDY REAL ESTATE PARTNERS LLC v. 24 EAST 12TH STREET ASSOCIATES LLC

7063. 650984/15.

168 A.D.3d 429 (2019)

92 N.Y.S.3d 207

2019 NY Slip Op 00060

Normandy Real Estate Partners LLC, Appellant, v. 24 East 12th Street Associates LLC et al., Respondents.

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

Decided January 8, 2019.

Defendant 24 East 12th Street Associates LLC (Associates) leased property with an option to purchase if certain conditions occurred. After the owner notified Associates that it would sell the property, Associates entered into a letter agreement with plaintiff whereby the parties agreed that they would negotiate plaintiff's purchase of Associates' lease and the option to purchase. The letter agreement included the purchase price and some relevant terms, provided for plaintiff...

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