New York Court of Appeals
In the Matter of the City of New York, Respondent, Relative to Acquiring Title to Real Property, Bounded by West…
July 11, 19561 N.Y.2d 428
Summary
The Court reversed the Appellate Division's reduction of condemnation awards and reinstated the Special Term decree because the higher capitalization rates adopted by the Appellate Division were unsupported by the evidence. Justice Van Voorhis dissented in part, arguing that the evidence supported the Appellate Division's valuations for most parcels.