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192ND STREET LLC v. 569 WEST 192ND STREET, LLC

1565, 652190/11.

140 A.D.3d 592 (2016)

34 N.Y.S.3d 41

2016 NY Slip Op 05047

192ND STREET LLC, Respondent, v. 569 WEST 192ND STREET, LLC, et al., Appellants.

Appellate Division of the Supreme Court of New York, First Department.

Decided June 23, 2016.

The court properly determined that the real property contract of sale containing a handwritten clause concerning the property's purchase price was enforceable. The handwritten clause provided that "if any lender's appraisal shows a value of the premises less than the purchase price, then the purchase price should be reduced to such appraised value." Since the purchase price could be determined objectively when read in the context...

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