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MATTER OF MURPHY

278 A.D. 814 (1951)

In the Matter of William J. Murphy et al., Respondents. Aldo Blasio et al., Appellants, et al., Tenants

Appellate Division of the Supreme Court of the State of New York, First Department.

May 22, 1951.

Per Curiam.

We accept the finding of the court below that the fair value of the property with the improvement is $250,000.

The current assessment of the property is $194,000 of which $182,000 is ascribed to the land, $12,000 to the building. Applying this same ratio to the $250,000 figure, we find that, for the purposes of this litigation, the value of the land is $234,536, the value of the buildings is $15,464.

We find, as the court below held...

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