On January 4, 2013, Thelma Sosa and Aron Froimovits signed a handwritten, one-page agreement in which Sosa agreed to sell to Froimovits or his assignee two separate properties in Brooklyn, one located on Menahan Street and the other on Central Avenue. The agreement contained a single purchase price, $1,375,000, for both properties. Froimovits was to give Sosa a deposit of $1,000 “plus $99,000 upon demand of [Sosa] to be held in escrow with [Sosa’s] attorney or a title company.” Froimovits gave Sosa a check for $1,000. No demand was ever made for the additional $99,000.
The Menahan property was to be delivered at closing with at least four apartments vacant. And the Central Avenue property was to be delivered with at least three vacant apartments. The closing was to be held “30 days after notice to buyer that the properties are vacant.”Continue reading