New York Court of Appeals February 12, 2004 (Aspro Mechanical Contracting, Inc. v. Fleet Bank, N.A.)

OPINION OF THE COURT

Graffeo, J.

In 1989, Berry Street Corporation entered into a turnkey contract of sale with the New York City Housing Authority (NYCHA) whereby Berry Street would acquire title to three parcels of land in Brooklyn, construct residential buildings on the parcels and convey title to the improved property to NYCHA.