"In a recently settled lawsuit, the seller of an Upper East Side cooperative unit got to keep a down payment from a buyer who died before the closing. Glen Altman was in contract to buy a co-op for $2.3 million at 1150 Park Avenue, between 91st and 92nd streets, and paid a $230,000 down payment. She was approved by the board, but before closing on the unit, she passed away. Altman's estate wanted the down payment to be returned, but the Manhattan Supreme Court ruled that the seller could keep the money." [Real Deal]
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