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MATTER OF ELTON v. COSTER

276 A.D. 920 (1950)

In the Matter Frank Elton et al., Respondents, v. Charles G. Coster et al., Constituting The Temporary City Housing Rent Commission of the City of New York, Appellants

Appellate Division of the Supreme Court of the State of New York, Second Department.

January 23, 1950.

The payments in reduction of the mortgages cannot be deemed to be within the scope of the Administrative Code of the City of New York provision which requires the requisite 20% of the purchase price or of the assessed value, whichever shall be greater, be paid in cash to the seller. (Matter of Brown v. Finkelstein, 275 App. Div. 772; Matter of Goodman v. Finkelstein, 275 App...

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