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MEGIN REALTY CORP. v. BARON

46 N.Y.2d 891 (1979)

Megin Realty Corp., Appellant, v. Morton Baron et al., Constituting the Town Board of the Town of Ramapo, et al., Respondents.

Court of Appeals of the State of New York.

Decided February 13, 1979.

Attorney(s) appearing for the Case

Donald S. Tracy for appellant.

Kenneth S. Resnik, Andrew R. Stoller and Mitchell Philip Schechter for respondent.

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, WACHTLER and FUCHSBERG concur in memorandum.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

In August of 1972 the plaintiff, Megin Realty Corporation, purchased two adjoining irregularly shaped parcels of property with a combined area of 12.675 acres. At that time the plaintiff was aware that the land was zoned "planned industrial" but nevertheless made the purchase for speculation. Permitted uses include office buildings, laboratories...

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