Masters v. 14-22 Leonard Street Associates LLC

Order, Supreme Court, New York County (Louis B. York, J.), entered October 21, 2003, which granted reargument of defendant 14-22 Leonard Street Associates LLC’s motion for summary judgment seeking, inter alia, to declare that plaintiffs had defaulted under the subject purchase agreement and adhered to its prior denial thereof, unanimously modified, on the law, defendant’s motion granted to the extent that plaintiffs are declared to be in default under the purchase agreement without lawful excuse, and otherwise affirmed, without costs.

On May 18, 2000, defendant sponsor 14-22 Leonard Street…