The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the.Streamline your real estate transactions in New York with our purchase agreement. Ensure legal compliance and confidently purchase or sell properties. Seller's interest in the Property includes: (1) Loss. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of. When signed, this document becomes a binding contract. Buyer and seller should consult their own attorney.