H Eighth Avenue Associates, LLC v. Stessa Corp.

*593Plaintiff seller could not have cured the notice of pendency problem by the latest of the closing dates selected through no fault of its own, and properly demanded that defendant purchaser elect its remedies pursuant to the limitation of remedies provision in their contract of sale (see Mehlman v 592-600 Union Ave. Corp., 46 AD3d 338, 342-343 [2007]; Meisels v 1295 Union Equities Corp., 306 AD2d 144, 145 [2003]). The seller properly terminated the contract in light of the purchaser’s failure to make the election and demonstrate its financial ability to close (see Gindi v Intertrade…