Motsiff v. State

Judgment modified on the law and facts by reducing the award to $170,600 and as so modified affirmed, without costs. Memorandum: On May 13, 1965 the State appropriated claimants’ 65 year-old four-story brick building located at the corner of James and Pearl Streets in the City of Syracuse. Claimants purchased the property in 1957 at a cost of $111,570.62. During five of the seven and one-half years that they owned the property it produced no net income. In the last full year before the appropriation gross rents amounted to $12,027.36, expenses were $9,686.17 and net income was $2,341.19.…