PERLBINDER v. JAKUBOVITZ


239 A.D.2d 294 (1997)

658 N.Y.S.2d 267

Barton M. Perlbinder et al., Respondents, v. Jerome R. Jakubovitz, Appellant

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

May 27, 1997


Summary judgment should have been granted to defendant, the independent third real estate appraiser appointed by the parties to the lease to settle their dispute over valuation of the subject property. "[A]ppraisal is not an exact science and * * * the determination of an appraiser is to be upheld as long as the appraiser proceeds in good faith and without bias or fraud" (Olympia & York 2 Broadway Co. v Produce Exch. Realty Trust, 93 A.D.2d 465...

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