Isaac D. Levy, president of the dry goods firm of Oppenheim, Collins & Co., agreed several month ago to sell for $500,000 an extensive residence property he had acquired at Cedarhurst, I. I. The residence, with its green houses and more than five acres of landscaped grounds, is a showplace.
A group of real estate operators, including Isidor Portugal, William Tesser and Michael Wolf, made Levy a price and deposited $20,000 to bind the sale. Then, for reasons undisclosed, they failed to carry out the contract, Levy sued, and the case came up for trial yesterday in the Supreme Court at Mineola before Justice Humphrey.
Counsel for both sides informed the court that a settlement had been reached. It developed afterward that Levy had suggested that the sale contract be abandoned, if the defenantds would forfeit their $20,000 deposit plus about $14,000 in costs and fees. If this was agreeable, Levy said, he would deed the grounds and residence to St. Joseph’s Hospital as a memorial to his daughter, Dorothy, who died several months ago. The defendants agreed to sacrifice their own money as a part of the memorial.
St. Joseph’s Hospital is operated under Roman Catholic management, but is non-sectarian in the matter of its patients.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
