DECISION ORDER
ORDERED that the order is affirmed insofar as appealed from, with costs.
Before specific performance of a contract for the sale of real property may be granted, a buyer must demonstrate that it was ready, willing, and able to perform ( see Nuzzi Family Ltd. Liab. Co. v. Nature Conservacy, 304 A.D.2d 631, 632). Here, even assuming that the defendants improperly cancelled the contract, the plaintiff still bore the burden to show that it had the financial capacity to purchase the property ( see Johnson v. Phelan, 281 A.D.2d 394, 395; Madison Invs. v. Cohoes Assocs., 176 A.D.2d 1021, 1022; 3M Holding Corp. v. Wagner, 166 A.D.2d 580, 581-582). The plaintiff's unsubstantiated assertions that a line of credit could be secured or that a closely-related corporation would supply the funds and the conclusory allegation that it was ready, willing, and able to perform were insufficient to satisfy its burden ( see Huntington Min. Holdings v. Cottontail Plaza, 60 N.Y.2d 997, 998; Ferrone v. Tupper, 304 A.D.2d 524, 525; Goller Place Corp. v. Cacase, 251 A.D.2d 287, 288; Madison Invs. v. Cohoes Assocs, supra; Zev v. Merman, 134 A.D.2d 555, 557, affd 73 N.Y.2d 781).
Thus, the Supreme Court properly granted the motion of the defendant Joseph Vitulli for summary judgment dismissing the complaint insofar as asserted against him, and denied that branch of the plaintiff's cross motion which was for summary judgment, as it did not demonstrate that it was ready, willing, and able to close the sale.
Based on the absence of a valid cause of action, the Supreme Court properly searched the record and granted summary judgment dismissing the complaint insofar as asserted against the nonmoving defendant Lucy Vitulli Antonacci ( see CPLR 3212 [b]; Fappiano v. City of New York, 5 A.D.3d 627, Green v. Dolphy Constr. Co., 187 A.D.2d 635, 636; cf. Dunham v. Hilco Const. Co., 89 N.Y.2d 425, 429).
The plaintiff's remaining contention is without merit.
FLORIO, J.P., SCHMIDT, CRANE and RIVERA, JJ., concur.