MATTER OF CITY OF NEW YORK


22 A.D.2d 946 (1964)

In the Matter of The City of New York, Respondent, Relative to Acquiring Title to Real Property for the Project Known as Cadman Plaza Urban Renewal Project. Jackline Realty Corp., Appellant

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

December 31, 1964


Decree modified on the law and the facts by increasing the award from $300,000 to $402,000. As so modified, the decree, insofar as appealed from, is affirmed, with costs to the claimant. Findings of fact made by the court below which may be inconsistent herewith are reversed, and new findings are made as indicated herein.

In our opinion, the award was inadequate in view of the facts that: (1) in an arms-length transaction in February, 1934, at the depth of the real...

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