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PILLER v. PRINCETON REALTY ASSOC. LLC

526497.

173 A.D.3d 1298 (2019)

104 N.Y.S.3d 344

2019 NY Slip Op 04518

Abraham Piller, Individually and on Behalf of Fallsburg Estates LLC, Respondent, v. Princeton Realty Associates LLC et al., Defendants, and Moshe Schwimmer et al., Appellants.

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

Decided June 6, 2019.

In 2001, to satisfy a debt and facilitate plans for a joint property development, defendant Moshe Schwimmer transferred to plaintiff a 50% interest in defendant Fallsburg Estates LLC (hereinafter Fallsburg), which owned approximately 220 acres of land in Sullivan County (hereinafter the property). Moshe Schwimmer agreed that the property...

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