Orbit Holding Corp. v. Anthony Hotel Corp.

Judgment, Supreme Court, New York County (Connor, J.), entered October 1, 1984, following a nonjury trial, which dismissed plaintiff’s complaint, unanimously reversed, to the extent appealed from, with costs, on the law and the facts, and judgment granted to plaintiff on the second cause of action for $115,000, together with interest from February 7, 1980 and costs.

On January 4, 1979, plaintiff’s predecessor, Bernal Realty Corporation, contracted to purchase the 24-story Hotel Opera from defendant, Anthony Hotel Corporation, for $1,800,000 for the purpose of converting the building from,…