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MATTER OF VILL. GREEN CO. v. DERDERIAN

67 A.D.2d 714 (1979)

In the Matter of Village Green Company et al., Respondents, v. George M. Derderian, as Assessor of The City of White Plains, et al., Appellants

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

January 22, 1979

Order affirmed, without costs or disbursements.

The trial court properly employed the capitalization of income method of valuation in this case in preference to the gross rent multiplier approach, upon which the appellants' expert relied. (Cf. Matter of City of New York [First Elephant Estates — La Hermosa Church], 17 A.D.2d 317, 322.) There was a sale of the subject property in 1976 and, normally, the price fixed...

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