SYLVIET CORP. v. STATE


33 A.D.2d 635 (1969)

Sylviet Corporation, Respondent, v. State of New York, Appellant. (Claim No. 46357.)

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

October 23, 1969


Judgment unanimously affirmed, with costs.

Memorandum:

The issue on this appeal involves only the values placed on two buildings. Both experts relied on the economic approach. The State claims the values fixed by the court are excessive. It also points out that the court failed to state the net annual income and the capitalization rate which it adopted. Claimant's expert valued the two buildings at $269,700. The court rejected this figure as unjustified because...

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