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MOSESSON v. 288/98 WEST END TENANTS CORP.

294 A.D.2d 283 (2002)

743 N.Y.S.2d 269

GLORIA R. MOSESSON, Respondent-Appellant, v. 288/98 WEST END TENANTS CORP. et al., Appellants-Respondents, et al., Defendants.

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

Decided May 28, 2002.

The purpose of prejudgment interest is to compensate parties for the loss of the use of money that they were entitled to receive, taking into account the time value of money. Here, where plaintiff's proof of damages set forth the costs of repair at the time of trial, which took place in August 2000, permitting the instant award of prejudgment interest, entitling plaintiff to interest from July 1, 1989, to stand would bestow an...

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