Under all the circumstances presented, the evaluation used should have been based on a capitalization rate of 6.4% resulting in an increased award as indicated. However, we agree with the trial court that claimant was not entitled to any additional compensation for loss of plottage (cf. Matter of the City of N. Y. [Manhattan Sav. Bank],
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MATTER OF CITY OF NEW YORK
46 A.D.2d 618 (1974)
In the Matter of The City of New York, Respondent, Relative to Acquiring Title to Real Property for a Project Known as 14th Street-Avenue B Community Development Project. Edward Rothenberg et al., Appellants
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
October 15, 1974
October 15, 1974
Appellate Division of the Supreme Court of the State of New York, First Department.
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