Approved Properties, Inc. v. City of New York

In this action the plaintiff purchaser in its complaint and the defendant seller in its counterclaim seek specific performance of a contract for the purchase and sale of real property. The issues requiring determination arise from plaintiff’s claim for an abatement in the purchase price.

At an auction sale conducted by the defendant on December 18, 1963, plaintiff was the successful bidder for premises No. 42 Amity Place, in this county, an irregular parcel, 42 by 101 feet, and improved with a two and one-half story frame dwelling. The purchase price was $6,000. The terms and conditions of the…