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OWASCO

Broker of Owasco Country Club sale awarded $124K for breach of contract by club

Owasco Country Club

The Owasco Country Club was purchased in 2016 by member Gerald Crowley.

The Supreme Court of the State of New York has awarded Owasco broker Michael DeRosa a judgment for breach of contract by the Owasco Country Club after the sale of the property in late 2015.

According to court documents provided by DeRosa in a news release, the amount of the Jan. 22 judgment is $124,300.06. The judgment covers DeRosa's brokerage fee of $88,302.39 plus interest and legal fees. The court's decision upheld an arbitration award from the summer.

DeRosa's attorney, Al Fazio, said that his client had an exclusive contract to list the club for sale for several months. But in December 2015, the club transferred the property to a member, Gerald Crowley, for $883,023. Because DeRosa wasn't compensated for 10 percent of the sale price, per his contract, he and Fazio took the matter to arbitration.

The club's ownership could not be immediately reached for comment. 

The 86-acre property includes a nine-hole golf course, tennis courts and a restaurant. The club keeps its membership small — about 200 — in order to remain a "family club," according to its website.

The club was founded in 1896 but it didn't purchase the land for its current location until 1901. It operated as a nonprofit under the supervision of a seven-member board of directors until recent years, when it began losing money and contracted DeRosa to broker its sale.

Lake Life Editor David Wilcox can be reached at (315) 282-2245 or david.wilcox@lee.net. Follow him on Twitter @drwilcox.

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I edit The Citizen's features section, Lake Life, and weekly entertainment guide, Go. I've also been writing for The Citizen and auburnpub.com since 2006, covering arts and culture, business, food and drink, and more.

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