Dougherty v. 425 Development Associates
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J.
On September 3, 1980 plaintiff purchased the stock allocated to. a penthouse apartment in premises at 425 West End Avenue and the proprietary lease therefor from defendant 425 Development Associates (the Sponsor) for the sum of $282,000, of which $81,875 was paid in cash. The balance was paid by delivery of a $200,220 promissory note, payable in monthly installments of interest only, commencing October 2,1980, and two lump-sum payments of $100,110 each, due on January 2,1981 and July 2,1981. The note provided that in the event of default or of the occurrence of…
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- In Re Zsa Zsa LimitedDistrict Court, S.D. New York · 1972
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- Mercantile Financial Corp. v. MillerDistrict Court, E.D. Pennsylvania · 1968
- Old Colony Trust Company v. Penrose Industries Corp.District Court, E.D. Pennsylvania · 1968
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