Court of Appeals of New York

The failure of a co-op apartment board to approve a prospective co-op apartment sale vitiates the contract of sale, and invalidates any option contract that the prospective may have had, so that the original option contract cannot be assigned to a third party after the board rejected the purchase.

Appellate Information

• Decided 02/15/2001
• Published 02/15/2001

Judges

Court

• Court of Appeals of New York

Counsel