Opton Handler Gottlieb Feiler Landau & Hirsch v. PatelOpton Handler Gottlieb Feiler Landau & Hirsch v. Patel
—Judgment, Supreme Court, New York County (Lewis R. Friedman, J.), entered November 5, 1992, which, upon the decision of Harold Baer, Jr., J., dated August 21, 1992, awarded judgment to defendant Bar Harbour Motel Company ("Bar Harbour”) on its first cross-claim against defendant Pravin I. Patel ("Patel”) in the sum of $100,000, together with costs, disbursements and interest thereon, for a total sum of $108,571.29, and which directed plaintiff Opton Handler Gottlieb Feiler Landau & Hirsch ("Opton Handler”), as Escrowee, to pay over to defendant Bar Harbour the total Escrow Fund of $100,000, together with interest thereon, and order of said court and Justice, entered February 8, 1993, which denied the motion by defendant Patel for reargument and/or renewal, unanimously affirmed, with costs.
The IAS Court properly determined that Bar Harbour, as seller of certain real property, was entitled, as a matter of law, to retain the $100,000 down payment of defendant Patel, the buyer, together with all interest earned thereon, as liquidated damages, pursuant to paragraph 35 of the parties’ real property contract of sale. Patel concededly failed to provide timely written notice of his inability to obtain a mortgage commitment as contractually required and subsequently defaulted in closing title (see, Maxton Bldrs. v Lo Galbo,
Nor did the IAS Court err in denying Patel’s motion for reargument and/or renewal, in light of the fact that the alleged new evidence was within Patel’s knowledge and was readily available at the time the initial summary judgment
We have reviewed the remaining claims and find them to be without merit. Concur — Carro, J. P., Wallach, Asch, Nardelli and Williams, JJ.