Judgment reversed, on the law, and new trial granted, with costs to abide the event.
Petitioners' appraiser valued the improvements by capitalizing income, and valued the land in question based on two allegedly comparable sales, identified in his written appraisal. Both sales occurred in 1972. The first sale involved a 14.3-acre vacant plot, which was purchased for $250,000. That parcel and the subject parcel were of similar size and zoned for similar use. Petitioners...
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