Legal Opinion
In re the City of New York
New York Court of Appeals
Decided May 10, 1983PublishedCited by 16 opinions
1Opinion of the Court
OPINION OF THE COURT
Meyer, J.
The compensation due a claimant in condemnation who was able, because its building had shelves and movable partitions and was leased for record storage, to obtain higher rentals per square foot than were obtainable for storage space in loft buildings not similarly equipped and rented is not limited by the sale value of such loft buildings. Absent evidence that the market value of a loft building with similar interior construction and similarly used is less than the value of claimant’s building determined by capitalizing the rental income actually received by…
2Cases cited4 opinions
- In re the City of New YorkNew York Court of Appeals · 1969
- Keator v. State of New YorkNew York Court of Appeals · 1968
- In re the City of New YorkAppellate Division of the Supreme Court of the State of New York · 1921
- In re City of New YorkAppellate Division of the Supreme Court of the State of New York · 1979
3Cited by16 opinions
- Metropolitan Transportation Authority v. Metropolitan Transportation AuthorityAppellate Division of the Supreme Court of the State of New York · 2011
- Chemical Corp. v. Town of East HamptonAppellate Division of the Supreme Court of the State of New York · 2002
- 627 Smith St. Corp. v. Bureau of Waste Disposal of the Department of SanitationAppellate Division of the Supreme Court of the State of New York · 2001
- Gold-Mark 35 Associates v. StateAppellate Division of the Supreme Court of the State of New York · 1994
- Saratoga Water Services, Inc. v. Saratoga County Water AuthorityAppellate Division of the Supreme Court of the State of New York · 1993
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