Centaur Properties, LLC v. Farahdian
Opinion of the Court
Judgment, Supreme Court, New York County (Louis B. York, J.), entered March 1, 2005, awarding plaintiff, after a referee’s inquest, the principal sum of $220,381.50, unanimously affirmed, with costs.
Defendant waived his claim that plaintiff Centaur Properties lacks standing by failing to raise this affirmative defense in his answer, his motion for summary judgment or his opposition to plaintiffs’ cross motion (see Matter of Prudco Realty Corp. v Palermo, 60 NY2d 656 [1983]; Charles Offset Co. v Hobart-McIntosh Paper Co., 192 AD2d 419 [1993]). In any event, it is uncontested that Centaur, through its principals, including plaintiff Hay, put up the $220,000 deposit that was lost as a result of defendant’s breach of the purchase agreement. Thus, Centaur was the real party in interest here (see generally Sardanis v Sumitomo Corp., 282 AD2d 322 [2001]; Airlines Reporting Corp. v Pro Travel, 239 AD2d 233 [1997]).
Defendant’s assertion that plaintiff Hay failed to demonstrate prima facie entitlement to summary judgment is without merit. There were sworn statements that Hay was ready, willing and able to close on the property, and defendant himself averred that Hay already had financing in place to purchase the unit. Defendant offered no evidence to the contrary. His assertion that the closing date had already passed before he became a purchaser under the contract is belied by the admission by him and his attorney that that date had not passed.
Defendant has not preserved the defense of failure to mitigate damages because he failed to raise it in prior proceedings. In any event, we find, as a matter of law, that plaintiffs could not be obligated to put at risk more than twice the amount they were obliged to pay under the purchase agreement, to cover defendant’s share of the contract, in order to protect the down payment (see generally Restatement [Second] of Contracts § 350, Comment g).
Case-law data current through December 31, 2025. Source: CourtListener bulk data.