The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Get a comprehensive understanding of New York real estate purchase and sale agreements with our indepth overview and free template.A New York residential purchase agreement outlines the terms of a transaction between the buyer and the seller of a residential property. We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. Are you looking for a loan agreement form in New York? Download our free New York Loan Agreement Form which is available as PDF or Word documents.