We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. The Seller agrees to sell, and the Institution agrees to buy, the Collection for a total purchase price of ______ ("Purchase Price"). The Institution shall. Using the following set of circumstances, each group will fill out the Purchase and Sale Agreement AND reference any other additional forms if needed.