IIT REALTY CORP. v. STATE


120 A.D.2d 706 (1986)

IIT Realty Corp., Appellant, v. State of New York, Respondent

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

May 27, 1986


Judgment affirmed insofar as appealed from, without costs or disbursements.

In 1978, the claimant acquired title in fee to approximately 21 acres of undeveloped land by virtue of a transfer from its predecessor in title, which had purchased the property for $1,000 at a bankruptcy liquidation sale in 1976. This property had a very odd configuration, in that it forms almost a semicircular border around a very large property known as the Dutchess Mall shopping center...

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