Court Dismisses $22M Specific Performance Action

July 28, 2021 — The Supreme Court, Suffolk County (Hon. William J. Condon) has dismissed an action for specific performance of a $22 million real estate agreement, in Real-X Realty, LLC v. Crest Bellport, LLC, Suffolk Index No. 606831-2021.   The property was owned by two co-owners, each with a 50% interest.  The prospective purchaser brought an action to to enforce a contract that was signed only by one of the co-owners, even though the signature line for the second owner was left blank.  The court found that the partially-signed document was unenforceable, “because the signature of only one party to a non-severable contract is insufficient to create an enforceable agreement that would bind all.”