76 PORT RICHMOND AVENUE CORP. v. PORT RICHMOND REALTY ASSOCIATES

2017-04232, Index No. 151252/16.

170 A.D.3d 634 (2019)

95 N.Y.S.3d 321

2019 NY Slip Op 01548

76 Port Richmond Avenue Corp., Appellant, v. Port Richmond Realty Associates, Respondent.

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

Decided March 6, 2019.


Ordered that the order is affirmed, with costs.

On July 31, 2015, the plaintiff and the defendant entered into a contract whereby the plaintiff agreed to purchase certain real property from the defendant for the sum of $2,500,000. The contract provided that the closing was to take place on or about 365 days from the date of the contract, that is, on or about July 31, 2016. The contract also provided for a 90-day due diligence period and further provided that the property...

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