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S. & H. JOSEPHSON REALTY CORP. OF ELMIRA, NEW YORK, INC. v. STATE

39 A.D.2d 973 (1972)

S. & H. Josephson Realty Corporation of Elmira, New York, Inc., Respondent, v. State of New York, Appellant. (Claim No. 52062.)

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

June 1, 1972

All of the properties involved were improved with multi-family residential structures, ranging in condition from fairly good to poor. Claimant's appraiser concluded that the highest and best use of the property, which he felt should be treated as a unit, was potential institutional use with an interim use as multi-family residential, and found a total value of $108,550 for the property taken. The State's appraiser, concluding that the highest and best use was residential...

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