Village of Ridgewood v. Sreel Investment Corp.

The opinion of the court was delivered by

Pkoctok, J.

The Appellate Division affirmed a judgment of the Law Division entered upon a jury award of $8,200 as compensation for the taking of a part of defendant’s property by the plaintiff municipality in the latter’s exercise of its power of eminent domain. N. J. S. A. 40:60-25.1; N. J. S. A. 20:1-1 et seq. On the defendant’s petition we granted certification. 27 N. J. 73 (1958).

The defendant corporation was the owner of a plot of land fronting on the westerly side of Oak Street in the Village of Ridgewood. The property and the surrounding area are…