199 West 136th Street Corp. v. Layton

Full title: 199 WEST 136TH STREET CORP., Respondent, v. CONRAD LAYTON, Appellant, et…

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

Date published: Apr 9, 1992

182 A.D.2d 456 (N.Y. App. Div. 1992)

582 N.Y.S.2d 402

Opinion

April 9, 1992

Appeal from the Supreme Court, New York County (Myriam J. Altman, J.).

On the record before us, the IAS court's findings, after a trial, that defendant purchased the property for $250,000 and executed a valid mortgage in favor of plaintiff for $100,000 with interest at the rate of 7.75% a year, and that the property was worth between $250,000 and $300,000 at the time of the sale in 1986, are supported by the weight of the evidence.

Concur — Sullivan, J.P., Milonas, Wallach, Kupferman and Smith, JJ.