Hyperlawhypertext legal database 199 West 136th Street Corp. v. Layton 182 A.D.2d 456

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199 West 136th Street Corp. v. Layton

182 A.D.2d 456 Court N.Y. App. Div. Decision date 1992-04-09 English

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p. 456
199 West 136th Street Corp., Respondent, v Conrad Layton, Appellant, et al., Defendants.

Judgment of foreclosure and sale, Supreme Court, New York County (Myriam J. Altman, J.), entered July 12, 1991, in favor of plaintiff and against defendant-appellant in the amount of $133,993.84, unanimously afiirmed, without costs.

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.