Library Services, Inc. v. Malden Redevelopment Authority

In his appraisal of a commercial building which was over 100 years old, largely unheated, and lacking any significant modernization, the plaintiff’s expert, Frattaroli, teetered to the brink of eviden-tiary incompetence when he employed market rents in a nearby modern office building as a reference point from which to impute fair rental value to the plaintiffs’ much older premises, which the defendant had taken by eminent domain. Frattaroli employed that imputed rent in arriving at an opinion of the fair market value of the plaintiff’s premises by the capitalization of income method. Counsel…