Margo Properties, Inc. v. Nelson

Judgment, Supreme Court, New York County (Arnold G. Fraiman, J.), entered June 7,1983, awarding specific performance to plaintiff seller under a contract for the sale of realty and dismissing defendant’s counterclaims for return of a down payment, unanimously modified, on the law and in the exercise of discretion, to the extent of awarding plaintiff prejudgment interest on the $1.9 million unpaid cash portion of the purchase price at the statutory rate provided in CPLR 5004, from February 19, 1982 to June 7, 1983, and otherwise affirmed, without costs or disbursements, f We agree with the…