In re Town of Islip

In a condemnation proceeding, the condemnor (town) appeals from an order and decree of the Supreme Court, Suffolk County, entered September 12, 1974, which, after a nonjury trial, fixed the amount of compensation to be awarded to the condemnee. Order and decree affirmed, with costs. Upon the trial of this proceeding, the two opposing experts each based their differing valuations on two distinct methods of appraisal, namely, reproduction cost less depreciation and the economic. or income-capitalization method. The trial court *700accepted the former method, rejecting the latter method on the…