We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it.The fees and expenses of the Independent Accounting Firm will be divided equally between Seller and Purchaser. Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. The Purchase Price is payable at closing in cash. 2. TITLE: 2.1 Deed: At closing, Seller will execute and deliver to Buyer a Statutory Warranty. Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the.