On February 10, 2023 a
Exhibit,Appendix
was filed
involving a dispute between
Kpl Green Llc,
and
Crazy Beer World Inc,
Crazy Beer World, Inc.,
Greenport Hudson Associates Llc,
Morgenstern Devoesick Pllc,
Morgenstern Devoesick Pllc, As Escrow Agent,
for Commercial - Contract
in the District Court of Rockland County.
Preview
FILED: ROCKLAND COUNTY CLERK 02/10/2023 12:33 PM INDEX NO. 030709/2023
NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 02/10/2023
Exhibit “E”
FILED: ROCKLAND COUNTY CLERK 02/10/2023 12:33 PM INDEX NO. 030709/2023
NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 02/10/2023
Lena Paxos
From: Lena Paxos
Sent: Wednesday, January 18, 2023 4:28 PM
To: jeff@morgdevo.com; Kristen Cavatassi
Cc: Jennifer Monacelli; Brian K. Condon
Subject: Re: 300 Fairview Ave, Hudson, NY - Request for Proof of Escrow Fund
Importance: High
Tracking
Tracking: Recipient Delivery Read
jeff@morgdevo.com
Kristen Cavatassi
Jennifer Monacelli
Brian K. Condon Delivered: 1/18/2023 4:28 PM Read: 1/18/2023 4:30 PM
Good Afternoon,
Pursuant to Paragraph 2, in pertinent part, of the Purchase and Sale agreement between
Greenport/Hudson Associates, LLC and KPL Green LLC for 300 Fairview Avenue, Hudson, NY:
“At Closing, $578,910.00 of the Purchase Price shall be escrowed (the “Escrow Fund”) with Seller’s attorneys
as Escrow Agent (Escrow Fund”)… Seller represents that the NOI of $536,290, set forth below, is based upon the
final execution and removal of contingencies of the Beer Lease regarding the 17,000 +/- square feet space…The
respective parties have agreed that as the end date of several contingencies set forth in the Beer Lease (including, but
not limited to, the liquor license contingencies) may exceed the anticipated Closing Date, the Escrow Agent for the
Premises shall continue to hold the Escrow Fund until such date as the Beer Lease is executed and all contingencies
are cleared, satisfied, waived or removed or the Beer Lease is canceled.”
In light of the recent developments with Beer Lease, please provide immediate proof of the Escrow Fund.
Thank you for your urgent attention to this matter.
Respectfully,
Lena E. Paxos, Esq.
55 Old Turnpike Road
Suite 502 · Nanuet, NY 10954
Tel: 845.627.8500 x103
Fax: 845.627.8507
e-mail: Lena@CondonPaxos.com
website: www.CondonPaxos.com
CONFIDENTIALITY NOTE: THIS EMAIL AND ANY ATTACHMENTS THERETO ARE CONFIDENTIAL AND MAY BE PROTECTED BY LEGAL PRIVILEGE. IF YOU
ARE NOT THE INTENDED RECIPIENT, BE AWARE THAT ANY DISCLOSURE, COPYING, DISTRIBUTION OR USE OF THIS EMAIL OR ANY ATTACHMENT IS
PROHIBITED. IF YOU HAVE RECEIVED THIS EMAIL IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY RETURNING IT TO THE SENDER AND DELETE THIS
COPY FROM YOUR SYSTEM. THANK YOU FOR YOUR COOPERATION.
1
FILED: ROCKLAND COUNTY CLERK 02/10/2023 12:33 PM INDEX NO. 030709/2023
NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 02/10/2023
IMPORTANT: NEVER WIRE FUNDS TO THIS OR ANY OFFICE WITHOUT VERBAL VERIFICATION. ALWAYS CALL THIS OFFICE
BEFORE YOU WIRE. YOU MUST VERBALLY VERIFY THE AMOUNT AND THE WIRING INSTRUCTIONS BEFORE YOU WIRE!
2
Document Filed Date
February 10, 2023
Case Filing Date
February 10, 2023
Category
Commercial - Contract
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FILED: ROCKLAND COUNTY CLERK 02/10/2023 12:33 PM INDEX NO. 030709/2023 NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 02/10/2023 Exhibit “E” FILED: ROCKLAND COUNTY CLERK 02/10/2023 12:33 PM INDEX NO. 030709/2023 NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 02/10/2023 Lena Paxos From: Lena Paxos Sent: Wednesday, January 18, 2023 4:28 PM To: jeff@morgdevo.com; Kristen Cavatassi Cc: Jennifer Monacelli; Brian K. Condon Subject: Re: 300 Fairview Ave, Hudson, NY - Request for Proof of Escrow Fund Importance: High Tracking Tracking: Recipient Delivery Read jeff@morgdevo.com Kristen Cavatassi Jennifer Monacelli Brian K. Condon Delivered: 1/18/2023 4:28 PM Read: 1/18/2023 4:30 PM Good Afternoon, Pursuant to Paragraph 2, in pertinent part, of the Purchase and Sale agreement between Greenport/Hudson Associates, LLC and KPL Green LLC for 300 Fairview Avenue, Hudson, NY: “At Closing, $578,910.00 of the Purchase Price shall be escrowed (the “Escrow Fund”) with Seller’s attorneys as Escrow Agent (Escrow Fund”)… Seller represents that the NOI of $536,290, set forth below, is based upon the final execution and removal of contingencies of the Beer Lease regarding the 17,000 +/- square feet space…The respective parties have agreed that as the end date of several contingencies set forth in the Beer Lease (including, but not limited to, the liquor license contingencies) may exceed the anticipated Closing Date, the Escrow Agent for the Premises shall continue to hold the Escrow Fund until such date as the Beer Lease is executed and all contingencies are cleared, satisfied, waived or removed or the Beer Lease is canceled.” In light of the recent developments with Beer Lease, please provide immediate proof of the Escrow Fund. Thank you for your urgent attention to this matter. Respectfully, Lena E. Paxos, Esq. 55 Old Turnpike Road Suite 502 · Nanuet, NY 10954 Tel: 845.627.8500 x103 Fax: 845.627.8507 e-mail: Lena@CondonPaxos.com website: www.CondonPaxos.com CONFIDENTIALITY NOTE: THIS EMAIL AND ANY ATTACHMENTS THERETO ARE CONFIDENTIAL AND MAY BE PROTECTED BY LEGAL PRIVILEGE. IF YOU ARE NOT THE INTENDED RECIPIENT, BE AWARE THAT ANY DISCLOSURE, COPYING, DISTRIBUTION OR USE OF THIS EMAIL OR ANY ATTACHMENT IS PROHIBITED. IF YOU HAVE RECEIVED THIS EMAIL IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY RETURNING IT TO THE SENDER AND DELETE THIS COPY FROM YOUR SYSTEM. THANK YOU FOR YOUR COOPERATION. 1 FILED: ROCKLAND COUNTY CLERK 02/10/2023 12:33 PM INDEX NO. 030709/2023 NYSCEF DOC. NO. 6 RECEIVED NYSCEF: 02/10/2023 IMPORTANT: NEVER WIRE FUNDS TO THIS OR ANY OFFICE WITHOUT VERBAL VERIFICATION. ALWAYS CALL THIS OFFICE BEFORE YOU WIRE. YOU MUST VERBALLY VERIFY THE AMOUNT AND THE WIRING INSTRUCTIONS BEFORE YOU WIRE! 2