MATTER OF CITY OF NEW YORK


39 A.D.2d 573 (1972)

In the Matter of The City of New York, Appellant, Relative to Acquiring Title to Real Property Bounded by Avenue L and Other Streets as a Site for School and Recreational Purposes: North Central Brooklyn High School in the Borough of Brooklyn. Chestnut Properties Co., Respondent

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

April 17, 1972


Decree modified, on the law and the facts, by reducing the award for damages to parcel No. 11 to $700,000 plus interest. As so modified, decree affirmed insofar as appealed from, with costs to appellant.

While disavowing complete reliance upon the method of valuation employed by the experts for the respective parties, it is apparent that the trial court relied heavily, if not entirely, upon the method used by the claimant's expert who projected an income stream from...

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