Miller v. Almquist
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Tom, J.
This case arises out of a proposed sale of a cooperative unit between next door neighbors. The plaintiff buyers live in apartment 4S at 150 East 69th Street in Manhattan. The defendant sellers lived in apartment 4T (the Premises). The buyers anticipated buying the sellers’ apartment with the goal of consolidating the two apartments into a single living unit for their growing family.
On February 25, 1997, the parties entered into a contract of sale for the Premises at a purchase price of $545,000 to be paid in cash. The contract provided for a 10% down payment and…
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