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New York Real Estate Law ReporterColumns & DepartmentsLandlord Tenant LawLitigation

Real Property Law

By New York Real Estate Law Reporter Staff
August 01, 2023

Buyer Entitled to Return of Deposit Because Estoppel Certificates Were Inadequate

Angelo Gordon Real Estate, Inc. v. Benlab Realty, LLC, 2023 WL 3236008, AppDiv, First Dept. (memorandum opinion)

In an action by purchaser for a judgment declaring that it is entitled to return of a $12 million deposit, seller appealed from Supreme Court's grant of summary judgment to purchaser. The Appellate Division affirmed, holding that the estoppel certificates provided by seller were not in compliance with the sale contract.

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